New York's Cooperative and Condominium Community

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Smart Radiator Covers Help a Manhattan Co-op Cut Emissions

Written by Emily Myers on February 21, 2024

Inwood

How could the 50-unit co-op cut carbon emissions and reduce Local Law 97 penalties?

Inwood Co-op Board Stunned by $3 Million Con Edison Charge

Written by Bill Morris on February 16, 2022

Inwood, Manhattan

Effort to comply with the Climate Mobilization Act runs into a roadblock.

Ask Mary: Here Are the Answers for a Tsunami of Asks

Written by Mary Federico on August 20, 2021

Inwood, Manhattan

How co-op and condo boards can deal with unreasonable requests.

Boards challenge the city’s Human Rights Law at their peril.

Green Team Goes After More Than Low-Hanging Fruit

Written by Paula Chin on April 13, 2018

Inwood, Manhattan

Committee helped Park Terrace Gardens slash energy costs.

Two city-owned buildings, ideal for affordable apartments, remain boarded-up and vacant.

The average price of an apartment in certain Brooklyn neighborhoods is now higher than that of Manhattan co-ops and condos, according to a StreetEasy study cited by Crain's New York Business. While the magazine notes the "obvious caveat" of comparing neighborhoods with an entire borough — where apartments in Inwood and other upper-Manhattan locales sell for far less than in such luxury area as Central Park South or Tribeca — at least two Brooklyn spots blow Manhattan's $890,000 median out of the water: DUMBO (Down Under the Manhattan Bridge Underpass), at $1.5 million, and the Columbia Street waterfront, running through Cobble Hill and Carroll Gardens, at $1.147 million. DUMBO, in fact, averaged less than just a half-dozen Manhattan nabes. On the bright side, Kensington is still very affordable.

Is the Nagle Apartments Corps.' financing scheme the new "go to" for co-ops and condos?

Several years ago, the 111-unit co-op in Manhattan's Inwood neighborhood — a three-building complex also known as NaBors Apartments for its locations on Nagle Avenue and Bogardus Place — voted down a proposed flip tax that would have raised much-needed funds for capital repairs. So the board began to charge shareholders a monthly assessment as a way of generating much-needed revenue. This decision stuck, and Nagle's assessment is now essentially permanent.

 

Aug. 29, 2013 — Monkey bars are an endangered species. So are seesaws, metal slides that turn into frying pans under the hot sun and hard asphalt that helped invent the phrase "skinned knees." In fact, old-fashioned playgrounds with all those things are passé. So what does a co-op or condo board do when it wants to create an outdoor play area for children or upgrade the one you've had since the '60s? It's not as simple as buying a swing set at Home Depot.

Or as cheap, since it's an investment in increasing your property's market value. And what with many new developments having them for just that reason, your co-op or condo might need to keep up.

Recent news affecting co-op / condo buyers, sellers, boards and residents. A co-op board is rightly skeptical of a claim that no possible antidepression treatment even exists other than a dog. A starchitect's building in Brooklyn comes without a trash room, and the city says it's legal — but still tickets the condo for, well, not having a trash room. Manhattan condos are selling strong, but co-op bargains are to be had in the Heights. And for co-op / condo boards, a discrimination lawsuit still stands, but its lawyers don't.

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