New York's Cooperative and Condominium Community

HABITAT

GREENWICH VILLAGE

At 51 Fifth Avenue, the co-op board came into possession last year of a 2,000-square-foot two-bedroom apartment overlooking a church. The board enlisted a broker who told them to put the apartment on the market for $1.5 million as is. That's when the property manager stepped in and put a stop to it.

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.

“The building is solid,” says Larry Hohlt, the retired lawyer who also heads up the nine-member board at what he calls a “classic prewar” — this 107-unit East Village co-op.

For proof, he points to a worker who tried to drill through a wall – only to break his drill bit on the brick that lay beneath the surface. “They built these buildings very, very well,” he says of the Depression-era property. “The building aged gracefully.”

When a prospective buyer wants to view the minutes of a condo or co-op board before purchasing an apartment, it's important to take the request the seriously. "If the board declines," says David L. Berkey, a partner at Gallet Dreyer & Berkey, "I think that can detract from the saleability of the apartment or may affect the pricing,"

Most boards release an edited version of minutes, or a summary, that leaves out specific details on a variety of topics, such as financial issues, potential litigation, and debates over purchases and contracts before they are made. Very few boards go to the other extremes: detailing and releasing everything from the meeting in their minutes or releasing nothing at all.

How My Co-op Board Created a 10-Year Capital-Improvement Plan That Works

Written by Larry Hohlt, board president, 40-50 E. 10th Street, Manhattan on April 11, 2013

40-50 E. 10th Street, Greenwich Village, Manhattan

My wife and I lived in a house in Brooklyn Heights for almost 30 years before moving to 40-50 E. 10th Street nearly 12 years ago. It's a great building, with a wide range of residents, a healthy assortment of children. Old-world charm and new-world amenities: two private gardens and a cardiovascular exercise room. It is also walking distance to both the East and West Village. To keep the property sound and attractive, two years ago the co-op board created a 10-year capital plan.

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, long faces on Long Island, as a the FBI arrests two men they allege ran a Ponzi scheme at their Montauk resort containing over 100 co-op apartments. Another kind of white-collar criminal may be robbing you when you apply for a mortgage. And is it criminal to pay $80,000 for parking space at a car condominium? Plus, the co-op board of The Cambridge House sued the City to get Citi Bike racks in front of its building removed — and now the City says it's above the law and the courts have to stay out!

Recent news affecting co-op / condo buyers, sellers, boards and residents. More trouble for those involved in illegal short-term rentals, with a major real-estate agent involved. Plus, advice for dealing with co-op board rejection, how to gracefully decline writing a recommendation letter, second-class citizenship at luxury condos, and co-op capers with beer heiress Daphne Guinness and Academy Award-nominee Jessica Chastain (at right). And for co-op / condo boards, we've analyses of Fletcher v. Dakota and of the easing of FHA condo rules.

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a co-op claims victory, sort of, against Citi Bike, a condo owner will only accept Bitcoin and how hot is Long Island City? Plus, for condo and co-op boards, there's more on Intro 188, which would regulate co-op admissions more tightly, as well as a big fine against a condo's illegal hoteler and let's all have fun with quirky house rules!

Bob Bischoff wasn’t surprised when he heard the news: a significant portion of his building needed to be “skinned.”

If that sounds major, that’s because it is. Skinning is a labor-intensive, time-consuming procedure. The first layer brick is removed, and a layer of mortar is added, which creates a smooth surface. Then waterproofing is applied, and a new brick is installed. You don’t want to “re-skin” a building unless you absolutely have to.

Every night, Zoltan Papp would watch the sun go down from his office at a 100-unit Greenwich Village cooperative and the floodlights in the backyard flicker on. They would stay on all night, casting chiaroscuro shadows in the empty outdoor space until a timer switched them off at dawn the next morning.

Needless to say, the co-op board found monthly electricity bill an eyesore. With lights on around the clock in the lobby, corridors, elevators and staircases of 51 Fifth Avenue — familiar as the exterior location for Paul Reiser and Helen Hunt's home on Mad About You — it was obvious to the building superintendent no one had ever seriously looked at what the building could do to eliminate the unnecessary electricity costs.

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