HABITAT
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.
Manhattan Co-Op and Condo Sales Drop, Prices Rise a Bit
April 08, 2024
Cash sales accounted for 63% of deals closed, thanks to high interest rates.
Lawsuit Seeks to Oust Atelier Condo Board Over “Illegal Hotel”
Written by Bill Morris on December 31, 1969
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.
A Working Intercom Isn't an Amenity. It's Required by Law.
February 26, 2024
Under the warranty of habitability, co-op and condo boards must make sure all intercoms work.
Board Talk
Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!
Habitat Week by Week
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.
Ask the Experts
learn moreLearn 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
Subscribe
join nowGot elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!