Written by Bill Morris on December 09, 2020
Some management companies are offering expert oversight of capital projects.
Written by Bill Morris on July 26, 2018
The Andrews Organization was quick to put “experienced boots on the ground.”
February 07, 2018
SoulCyle’s “bowling ball thuds” rile residents in Flatiron District condo.
September 14, 2017
Award-winning Urban Umbrella to erect first two eye-pleasing sheds.
September 08, 2016
Lobby renovations don’t have to be a battle for boards and residents.
December 10, 2015
The roof leaks. The common terrace was never landscaped. Electrical service is erratic. The apartments and building systems are in “dilapidated” condition with “a multitude of design and construction defects.”
Is this the description of a derelict building run by slumlord? Hardly. These are allegations contained in a $5 million lawsuit filed in State Supreme Court on Dec. 8 by residents of a luxury Union Square condominium against the building’s developer, Brack Capital Real Estate.
In addition to the $5 million settlement, as reported in The Real Deal, residents of the 36-unit building are demanding that Brack renovate the building and fix the problems. A spokesman for Brack retorted, “We stand by our product and are very proud of it.”
The asking price for apartments in the glossy “dilapidated” building known as 15 Union Square West? Up to $12 million. No extra charge for the leaky roof. See you in court.
Written by Ronda Kaysen on May 28, 2013
The property shared by a divorcing couple is invariably a bone of contention. To avoid getting caught in the middle of a dispute over who has rights to use the apartment, co-op and condo boards should get any requests in writing and have them reviewed by the building's attorney. For example, if a wife tells the board her husband is no longer allowed to enter the apartment, she should send a written request with supporting legal documentation.The building's lawyer may respond with a letter saying the board will attempt to honor a request if it is supported by a legal position. But unless there is a restraining order, the building cannot bar a shareholder whose name is on the apartment title.
Written by Kathryn Farrell on May 23, 2014
Condo sales are up, price per square foot is up, and someone, somewhere, just sold their unit for a cool $43,000,000. (And yet, somehow, it’s not the most expensive unit per square foot!)
CityRealty’s quarterly “CityRealty 100 Report” is out, and the numbers are eye-opening. According to the report, the first quarter saw 169 apartments change hands at what the firm has determined are the top 100 condominium buildings. Average price per square foot was $2,272. Compared to the same time frame last year, that price has increased 19.4 percent
September 30, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week there's a lot of news for boards in particular, with a growing wave of scammers falsely claiming disability in order to have dogs in a no-pet building, with the latest on publicly naming residents in arrears, with the expansion of no-smoking buildings, and with converting a club space to an apartment for resale. Plus: families buying multiple apartments together, broker-free sales and Judge Judy (above) buys in Sutton Place.
Written by Tom Soter and Bill Morris on September 20, 2012
One can read about the specified duties of co-op or condo board officers but it's equally important to hear from directors themselves about what the jobs actually entails in real life. In the finale of our series "Board 101," three co-op board secretaries take a few minutes to tell you their experiences in taking a few minutes.
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.
A free digital resource for co-op/condo board directors. Published twice a month. Read now on all digital devices.