Written by Bill Morris on September 06, 2017
Restoration of ornate Gramercy Park condo wins awards.
March 13, 2017
Here's how one co-op rewrote its governing documents, and how you can keep scammers from stealing your home.
Written by Lisa Prevost on February 24, 2017
A co-op uses shareholder input to bring its bylaws and proprietary lease up to date.
Written by Lisa Prevost on February 03, 2017
Updating governing documents can keep co-ops out of trouble – and court.
Written by Paula Chin on January 24, 2017
Some co-op and condo boards manage to turn a nuisance into an opportunity.
Written by Marianne Schaefer on November 16, 2016
Co-op’s itemized maintenance bills break out cost of water.
June 14, 2016
There comes a time when a board needs to intervene with aging shareholders.
May 09, 2016
More old buildings fall to make way for more new condos.
March 30, 2016
The seven-story condo building on the site of the long-gone Christ Lutheran Church on East 19th Street is being billed as “affordable luxury.” What, exactly, does this only-in-New-York real estate oxymoron mean? It means that the lowest-priced of the seven full-floor apartments can be had for just $3 million. All apartments will have an outdoor space, and the penthouse comes with a private terrace. A “townhouse-style” duplex on the ground floor, with private back yard, is asking a bit more than $4 million.
“Affordable for the neighborhood,” as Curbed put it, “but maybe not for the average New Yorker.”
Designed by Brent M. Porter Architects and developed by Yosi Cohen, the building will be clad in beige Kolumba bricks imported from Denmark, a departure from the ornate brickwork found throughout the neighborhood. Renderings of the stark exterior drew mixed reactions from Curbed readers. “Neo-Brutalism?” asked one. “It’s a lovely Soviet bunker!” said another.
What do you expect for a paltry $3 million?
Tamir Shemesh, who's heading the building's sales team for The Corcoran Group, says he prefers the term "Accessible Luxury." "$3 million is still a big price tag," he says, "though unfortunately in New York real estate today, it's not."
January 06, 2015
Paul Vercesi has been living in his apartment on Gramercy Park for more than half a century and is now president of the co-op’s board of directors. After all those years, he thought that he knew everything there was to know about the 81-unit post-war building and its systems. Then one day he got a watery surprise.
A doctor who used a ground-floor apartment as his office decided to move out. When the new shareholder started renovating the space, she discovered an outmoded water-cooled air conditioner inside a closet.
Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!
Thinking of buying a co-op or condo? Already bought, and not sure how co-op/condo life and rules work? Learn all about purchasing a place and living in your new community. It's not like renting, and its not like owning a house. What's it like?