Written by Sue Treiman on September 11, 2019
New cogen system will cut costs, help meet looming emissions limits.
August 29, 2017
Boards need to act when staffers get out of line.
September 15, 2014
The average price of an apartment in certain Brooklyn neighborhoods is now higher than that of Manhattan co-ops and condos, according to a StreetEasy study cited by Crain's New York Business. While the magazine notes the "obvious caveat" of comparing neighborhoods with an entire borough — where apartments in Inwood and other upper-Manhattan locales sell for far less than in such luxury area as Central Park South or Tribeca — at least two Brooklyn spots blow Manhattan's $890,000 median out of the water: DUMBO (Down Under the Manhattan Bridge Underpass), at $1.5 million, and the Columbia Street waterfront, running through Cobble Hill and Carroll Gardens, at $1.147 million. DUMBO, in fact, averaged less than just a half-dozen Manhattan nabes. On the bright side, Kensington is still very affordable.
Written by Bill Morris on July 23, 2014
Exploding toilets sounds like the punch line of a joke. But to the residents of Caton Towers, a 283-unit high-rise co-op in the Kensington section of Brooklyn, it was no laughing matter. A string of recent toilet explosions in the building injured three people — and now the co-op is facing three lawsuits.
The worst part is, that's not the worst part. Because of the three lawsuits, the Federal National Mortgage Association, popularly known as Fannie Mae, is now declining to back mortgages in the building, causing half a dozen potential sales to fall through.
Written by Tom Soter on July 03, 2013
When it rains indoors, you know you've got trouble. The board and manager at 415 Ocean Parkway had both been different when the nightmare started over five years ago, but the issue is the same today as it was then: constant leaks, some of them very bad. And the leaks have been spreading, causing bubbling in the paint and plaster, as they have moved from the bedrooms into the living rooms of a number of apartments.
March 26, 2012
... more on tax-fairness legislation introduced in Albany; whether no-smoking buildings affects apartment prices; a lobby renovation done right; and The Sheffield pools its resources. And for co-op and condo boards, an expert answer on who's responsible with bathtubs leak.
Thinking of buying a co-op or condo? Already bought, and not sure how co-op/condo life and rules work? Learn all about purchasing a place and living in your new community. It's not like renting, and its not like owning a house. What's it like?