New York's Cooperative and Condominium Community

HABITAT

MANHATTAN

Maintenance costs likely to increase as boards deal with new lending landscape.

Two floods in his penthouse apartment inundated elevator shafts, hallways and other apartments.

Denial of support animals — parrots — plus retaliation bring co-op massive fine.

Co-ops and condos are taxed as though they were market-rate rental buildings.

Governing documents tell who's responsible for fixing building flaws.

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.

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.

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