MANHATTAN

In the final entries of co-op board president Mary Fran's 2013 meeting diary, she closes the year with the results of the Local Law 11 façade work, assessment issues and the annual elections at the 387-unit, five-building Park Terrace Gardens in the Inwoodsection of Manhattan. What she and her board went through — is that what you go through, too?

Mary Fran is a fairly typical board member, dedicated and determined, who has served three years as a member-at-large, one year as the vice president and then a year (so far) as president. Her home, Park Terrace Gardens in the Inwood section of Manhattan, is a fairly typical property of its type: a five-building, 387-unit cooperative built in 1939-40 and incorporated as a cooperative in the mid-1980s. It has a nine-member board, four supers, five porters, and a resident manager and her assistant in an onsite office.

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, Penn South goes south, and $190,000 went with it. Plus, New York officials want banks to release insurance money that's due superstorm Sandy victims, a co-op has constant drunken revelers in its garden, and does monthly maintenance ever decrease?  And for condo and co-op boards, what do you do with a dog that bites? What about if the owner is a little old man?

The Apple Store, located on Broadway and 68th Street, is a glass box: beautiful, elegant, and refined – less a computer shop, more an experience. To the north of it sits the Bel Canto, a 76-unit condominium that towers over the store. Neighbors, sure, but when representatives from the two buildings began talking, they didn’t swap stories about Macs or PCs. The topic was real estate, specifically Local Law 11. The issue seemed simple: the 27-story Bel Canto needed to repair its façade, and it needed permission – a so-called “access agreement” – to work over the roof of the five-story Apple Store.

How hard is that?

Very, it turns out. “It took us three years of negotiations to come to an agreement,” recalls Andrea Bunis, the president of Andrea Bunis Management. And after three years of talk, “they only gave us about 90 days to do the work.”

It was no surprise that 200 East End Avenue was vulnerable to superstorm Sandy: The garage had been flooded once before during a Nor'easter. But no one anticipated how much devastation the storm would wreak on this 17-story tower.

In the early hours of October 29, building superintendent Scott Falk thought the co-op would weather the storm with little damage. The property sits on the edge of Franklin Delano Roosevelt Drive and the East River just past it, so Falk and his staff evacuated the garage and secured the sloping driveway and service entrance with sandbags. The rain wasn't as heavy as forecast and by late afternoon, the streets were relatively dry.

As he drove into the city from Long Island, Robert Mellman phoned environmental companies, hoping to get one onsite quickly to pump out the contaminated water. By the Orsid Realty property manager arrived, the building's electrician was there, working with Con Ed to cut power from the grid.

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a Long Island co-op struggle to finance common-area repair, not covered by FEMA, after superstorm Sandy; a condo super in Greenpoint risks blowing the place up; and rich folk got dem pied-à-terre blues. For co-op and condo boards, we've two tales of illegal hoteling — both with hilarious, albeit nefarious, behavior by the apartment owners. Plus, the latest amenity: onsite well-being programs.

For E. Cooke Rand, a co-op board member at a 48-year-old white-brick building on East 84th Street, his board's initial decision to install a gym "was made conditionally, to explore the idea — what would be entailed, what all the equipment would be. We had a subcommittee of the board, three people, who did the bulk of the work and kept reporting to us — doing all this exploration to see what it could cost and whether the space was suitable. The process wasn't getting together one night, making a decision, and turning it over. We consulted through the managing agent and directly with knowledgeable architects."

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, schools rent space in a co-op and a condo, easing those buildings' upkeep costs, and a lawsuit at a Midtown East co-op says a family has turned a hallway into their personal playroom. Plus, advice on co-op admissions interviews, how to increase your apartment's value, and Nets star Deron Williams bounces into a new condo.

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, FEMA extends the filing deadline for homeowners, including co-op shareholders and condo unit-owners, applying for grants, some nervous neighbors at a co-op jump to conclusions, and a condo-owner has an overhead problem in the form of a heavy cell-phone tower. Plus, for co-op and condo boards, the tax-abatement renewal bill has passed the New York State Senate. Now will it get through the Assembly?