New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

MANHATTAN

Upper East Side apartment has become "a quasi-storage facility," lawsuit says.

Shareholder's complaint must be proven before rules can be changed.

Method doesn’t rely on the vagaries of the city’s cyclical real-estate market.

Tight inventory and high mortgage rates portend sluggish sales in 2023.

Litigation mushrooms when third parties get dragged into the fight.

Voter turnout plus a carrot and a stick help co-op board sell a transfer fee.

Surprises happen, and boards should set money aside to handle them.

High-end condos selling much faster than their co-op counterparts.

Inertia is widespread even though Local Law 97 goes into effect just over a year from now.

Worker’s Death at Co-op Underscores Importance of Air-Tight Insurance

Written by Scott S. Greenspun and Jillian Menna on December 01, 2022

Upper West Side, Manhattan

Co-op and condo boards can leave nothing to chance during repairs.

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