New York's Cooperative and Condominium Community

Habitat Magazine Business of Management 2021



Does your co-op have a flip tax that it is higher than five percent of the gross sales price? If it does, you should be concerned. Lewis Kobak is.

Kobak, the longtime general manager of Brigham Park Co-op Section 4, in Brooklyn, became worried earlier this year about his co-op's transfer fee — colloquially called a flip tax — when several shareholders were having trouble selling their apartments. Buyers were being turned down for bank financing.

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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