New York's Cooperative and Condominium Community

Habitat Magazine Business of Management 2021

HABITAT

258 SAINT NICHOLAS AVENUE

Though a sponsor or developer must, by law, turn over control of the condo or co-op board after 50 percent of the apartments are sold or five years have elapsed after the first closing, whichever comes first, we're all familiar with sponsors who overstay their welcome, creating refinancing obstacles and other lender issues, revolving-door rental tenants and other problems. But every once in a while, even in New York, things work out the way they're supposed to.

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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