November 12, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, we pick up the pieces from Hurricane Sandy, with timely advice from insurers, property mangers and others, along with a sneak peek at an e-mail exchange among some condo owners in Lower Manhattan. Plus, a former doorman tells how incredibly cheap the billionaires are at 740 Park Avenue, and a free-speech case goes to court.
October 29, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, even paying all-cash and additionally transferring a year's maintenance and $30,000 extra into an escrow wasn't enough for a Murray Hill co-op board being sued after allegedly leading a buyer on. Oh, and they also wanted his British documents translated to, um, English. And you wonder why a new sitcom makes fun of co-op boards. Plus, The Sheffield gets a work by renowned sculptor David Hostetler, and OSHA cites poor construction in a Brighton Beach condo collapse.
October 15, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. More on price floors keeping people locked in their apartments, and billionaire buyers at one midtown condo may reap 421-A tax abatements meant for lower-income housing. There's one degree of Kevin Bacon at an Upper West Side co-op trying to tone down a big honking new penthouse next door. And for co-op boards, a candidate for the New York State Assembly wants to revive the issue of board oversight and accountability.
September 17, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, New York City cracks down on people illegally turning their apartments into hotel rooms. On the other hand, state legislators want to soften ILSA, the federal Interstate Land Sales Full Disclosure Act that helps protect condominium buyers from bad developers — allegedly like the one the condo board at On Prospect Park is suing. Plus: What's an ongoing assessment, and how did the co-op board shut up that rooster? And Cynthia Nixon may no longer be your co-op neighbor, but David Duchovny might be your new one. The truth is out there — or it will be at the admissions interview.
June 04, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, an Afghan War vet says his Shih Tzu helps his PTSD; co-op wonders otherwise; a condo board loses over phantom cigarette smoke; and while one co-op hopes a new commercial tenant finally takes, another backs down on tacky chains. Plus, Chloë Sevigny has no big love for her co-op anymore. And for condo / co-op boards, we've the latest on green roofs and on e-mailing notices.
Written by Bill Morris on May 29, 2012
Lawyer and author Adam Leitman Bailey, the principal at his eponymous firm, believes that buildings should have physicals — especially newly constructed condominiums. Otherwise, people buying into such a building and those new condo boards running it may not know how healthy or unhealthy the condo is. He has handled hundreds of such cases.
Written by Tom Soter on May 17, 2012
"A balanced budget" is the key phrase all condo and co-op boards must embrace when putting their fiscal house in order. "You should always have a balanced budget," notes David Goodman, director of management at Tudor Realty, "and if that means setting up extra storage lockers, charging for bike storage, or increasing maintenance, you have to do it."
Written by Jennifer V. Hughes on April 12, 2012
As a native Californian, Scott Miller says recycling is in his blood. So, it made his blood boil whenever he would see plastic laundry detergent jugs tossed into the trash bins in the laundry room at his Lower East Side co-op.
"The recycling area was just around the corner, but without signage and without an opportunity to make it easy to recycle in that area, it was all just going into a landfill," says Miller, who lives at the 1,728-unit Seward Park Cooperative.
It was one of the things that led him to volunteer last summer to take part in the Apartment Building Recycling Initiative, a two-hour program offered monthly by the city's Department of Sanitation (DSNY). There he learned about quick and often free fixes that can increase the amount of recycling and ensure that the proper things are going into recycling bins.
December 31, 1969
... how door staff can help or hinder your co-op / condo sale, a new condo with amenities aimed at Orthodox Jews, and Seward Park becomes "Sewer Park," according to a lawsuit. For condo and co-op boards, we've news on rising water bills and advice on co-op subtenants and condo arrears.
December 31, 1969
... a new condo-hotel might go up in Brooklyn Bridge Park. And are you living next to the guy who wrote Ocean's Twelve and The Bourne Ultimatum?
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.
A free digital resource for co-op/condo board directors. Published twice a month. Read now on all digital devices.