June 17, 2014
When you're one of the earliest residential cooperatives in New York City and you've managed to reach your golden anniversary while remaining a bastion of affordable housing, you've got reason to celebrate. Coney Island's historic Amalgamated Warbasse Houses did just that this month with a blowout for its roughly 8,000 people in 2,584 apartments across five buildings. And as the Brooklyn Daily reports, citing co-op board president Michael Silverman, it didn't cost the shareholders a single cent.
February 17, 2014
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a 63-year-old woman in a Fifth Avenue co-op has had the same Maytag washer in her apartment for 20 years with permission and without trouble. Now the co-op board won't approve a replacement unless it's one of three hoity-toity brands. Well, lah-de-dah ... Maytag's not good enough for 'em? Let's go to court! And court may be where Trump Village West board president Igor Oberman might wind up, since a New York City Department of Investigation report accuses him of less-than-ethical things. Plus, Co-op City has an asbestos problem. Or does it?
December 16, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a Chelsea condo board has won its battle with a downstairs gym, New York City investigates possible fraud by Lower East Side co-op board members and a Queens co-op says it's not soulless. The Comptroller says the City goes too easy on water-bill deadbeats, raising rates for the rest of us. An expert answers: Are condo boards as powerful as co-op boards? And Law & Order's Richard Belzer sells his co-op. Dun dun!
October 21, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, The Plaza puts the pedal to the mettle, as the storied hotel-condominium sues to get rid of a CitiBike rack. Also suing: Corporations fighting Joan Rivers' condo nemesis Elizabeth Hazan (see last week's News Roundup), and Yoko Ono, who says her West Village co-op board is walking on thin ice. We've renovation plans a board won't like, the latest on mortgage rate-locks, and superstorm Sandy woes persist in The Rockaways, Coney Island and elsewhere.
September 02, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, for some reason, we're big on board-specific news: boards suing developers and residents, a board president squeezing "donations" from building vendors for a political bid and a board turning amateur cop and firing employees it suspects of thievery — hindering the investigation by actual cops. A George ZImmerman board, as it were. Plus, exclusive co-ops learn to compete for buyers and an alleged illegal hotelier has people arrested who complain! Man, late August is crazy!
July 22, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, union workers say they're getting a Bronx cheer, Christine Quinn gets a nod in Queens, and a City Council candidate gets endorsed by a board in Brooklyn. Plus, a condominium board near the U.N. sues a law firm, and if you've ever wondered if you can legally photograph or shoot video of fellow residents breaking rules, find out now.
May 06, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, sponsor abuses stir up the latest call for a co-op ombudsman in the Attorney General's office, a Queens condo board changes apartments' locks to keep owners out during Sandy repair — commandeering one home for a construction office — and West Village co-opers sue to keep away bicycle clutter. For condo and co-op boards, we've the latest hoteling lawsuit. Plus: Condopedia! Which we're sure is as accurate as regular Wikipedia.
Written by Jennifer V. Hughes on December 31, 1969
March 22, 2010 — A New York City sales-tax break that helped to make electricity more affordable is going away August 1. That's when customers of independent ESCOs — energy service companies — will have to pay the same 4.5 percent sales tax on the delivery side of your utility bill that Con Ed customers already pay. That's on top of the 4.5 percent city we currently pay on the supply side of both ESCO and Con Ed bills.
How much will it cost co-ops and condos? For one large co-op — Amalgamated Warbasse Houses in Brooklyn, a five-building, 2,585-unit co-op that went with an ESCO in 2007 — the additional taxes total an estimated $320,000 a year. If you want to do the math for your own building, that's an average of an additional $124 an apartment.
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.
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.
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.