June 19, 2014
Call it the battle over the bikes. New York City's year-old Citi Bike bicycle-sharing program may be suffering many well-publicized problems with its docking stations, but now some buildings are challenging its very existence. Four co-op and condo boards have taken legal action to get the fixtures removed or modified.
Written by Dale Degenshein and Richard Siegler on January 14, 2014
May the city install bike-share terminals in front of your building? That was the issue discussed in Cambridge Owners Corp. v. New York City Department of Transportation.
The Department of Transportation (DOT) decided to install a bike-share station in front of The Cambridge, a roughly 137-apartment co-op at 175 West 13th Street in Manhattan. The Citi Bike program consists of 6,000 bicycles docked in more than 300 self-service share stations around the city. Members of the public can rent the bikes from, and return them to, any station in the system, which is open around the clock.
August 05, 2013
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!
May 27, 2013
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!
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.