New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide



It often feels as if whatever we're experiencing as board members can't possibly be true elsewhere — no one would believe the work, the responsibilities and the decision-making entrusted to volunteer laypersons. Yet you're not alone — others understand. Mary Fran, co-op board president of the 387-unit Park Terrace Gardens n the Inwoodsection of Manhattan, certainly does. In part two of her year-in-the-life diary, the head of this five-building complex's nine-member board details what she and her compatriots struggle with at their monthly meetings. You can probably relate.

In the final entries of co-op board president Mary Fran's 2013 meeting diary, she closes the year with the results of the Local Law 11 façade work, assessment issues and the annual elections at the 387-unit, five-building Park Terrace Gardens in the Inwoodsection of Manhattan. What she and her board went through — is that what you go through, too?

Mary Fran is a fairly typical board member, dedicated and determined, who has served three years as a member-at-large, one year as the vice president and then a year (so far) as president. Her home, Park Terrace Gardens in the Inwood section of Manhattan, is a fairly typical property of its type: a five-building, 387-unit cooperative built in 1939-40 and incorporated as a cooperative in the mid-1980s. It has a nine-member board, four supers, five porters, and a resident manager and her assistant in an onsite office.

Ask the Experts

learn more

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

Source Guide

see the guide

Looking for a vendor?