New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide



Boards need to remain vigilant even as Local Law 18 curbs illegal sublets.

In Manhattan, 63.4% of sales in the first quarter were all cash, the third-highest in a decade.

The board can amend the lease to include late fees and seek possession in housing court.

Smart technology releases heat only when needed, reducing waste.

Cash sales accounted for 63% of deals closed, thanks to high interest rates.

Angry unit-owners seeking new board and $50 million in punitive damages.

Unit-owners learn that $6 million apartments are not immune to construction flaws.

Affordability is the goal for condo unit-owners in Battery Park City.

Shareholders claim board is running a "racket" in their posh Museum Mile co-op.

Under the warranty of habitability, co-op and condo boards must make sure all intercoms work.

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