New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

FORT HAMILTON

J-51 may be the nicest letter-number combination in all of New York City's co-op and condominium tax statutes: a property-tax exemption and abatement for renovating your apartment building. But what happens when the Department of Finance miscalculates and gives you more than you're due? You have to pay it back with interest, right? Not necessarily. Here's how a co-op in Brooklyn managed to keep an extra $153,000.

Ask the Experts

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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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