Written by Bill Morris on January 16, 2019
Co-op can go to market rate without paying prepayment penalty.
Written by Lisa Prevost on October 16, 2017
Boards can say goodbye to stacks of invoices with a simple click.
February 13, 2017
A Kips Bay co-op gets a boost from cogen, while a Rockaways co-op scores a record block grant.
Written by Jennifer V. Hughes on January 13, 2017
Cogen brings energy savings without depleting reserves or inflating maintenance.
June 06, 2016
Boards need to ease the inconvenience for all residents.
Written by Kathleen Lucadamo on June 01, 2015
Managing agent Maria Auletta of FirstService Residential recalls walking into the boiler room of the 162-unit Tracy Towers at 245 East 24th Street about a year ago. She was the new agent for the building and was floored to see such a clean boiler room. "It says a lot about the leadership of the building," she observes. "I've been in property management for ten years and most boiler rooms are average at best. They have to be somewhat clean — but at Tracy Towers, you can eat off the floor. It's that impressive." In comparison, Auletta remembers walking through a boiler room at a different building and seeing water bugs so big that she left the room. "No one wants to go into [those types of] boiler rooms," she observes. Because shareholders rarely see the boiler room, it can easily become a mess. In fact, its appearance can reflect on how the super does his job.
Written by Frank Lovece on November 14, 2014
A doorman who helped save the life of an elderly tenant trapped in her apartment for two days with a broken hip. A porter who collapsed on smoke-filled stairs after having helped get residents out of their apartments during a fire. An engineer and former New York City Department of Buildings inspector who became the super for a six-building, 1,700-apartment complex. They and 18 other city residential and office workers each took home a prize as the best in their categories in the 2014 Building Service Workers Awards.
Written by Maitland McDonagh on January 17, 2013
The best step in a condo / co-op board can take to keep your building from becoming an illegal hotel — with absentee owners renting their apartments week-to-week or month-to-month via Airbnb and other short-term accommodation websites — is prevention, a topic Habitat covered earlier this month. But what do you do once you have a parade of non-vetted strangers living next to you and sharing hallways and elevators with your spouses and kids? You're not helpless. There are steps you can take.
Written by Frank Lovece on April 25, 2014
Mark Andermanis, board president of the subsidized East Midtown Plaza co-op in Manhattan, and his wife Sandra have three kids. Normally that means New York City can't give them a four-bedroom co-op since those are reserved for families of six. But the Andermanis family got one anyway. Not only that but they jumped ahead of another family on the waiting list for a larger apartment. And yet a court decided unanimously that the line-jumper could keep it. What's wrong with this picture?
April 21, 2014
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week: Seriously? Mark Andermanis, board president of the subsidized Mitchell-Lama co-op East Midtown Plaza, jumps ahead of others to score a four-bedroom apartment — reserved for families of six, which, additionally, he does not have — and when he won't budge, an alert shareholder sues him. But he gets to keep the primo place because the shareholder doesn't have standing to sue ... and while the co-op board, perhaps, could, here's the thing: He's the co-op board president! Does this sound proper or right to anyone ethical? The good guys do win one, though, when a developer who refused to fix a Long Island condominium complex is permanently barred from selling condos. That's something, at least.
And then there's another reason for condo and co/op boards to be wary of Airbnb....
Thinking of buying a co-op or condo? Already bought, and not sure how co-op/condo life and rules work? Learn all about purchasing a place and living in your new community. It's not like renting, and its not like owning a house. What's it like?