Written by Bill Morris on February 13, 2014
The Antoinette learned the hard way that when it comes to co-op and condo boards, all directors need to pull their own weight and keep some people in check. For the 58-unit co-op, at 7 East 35th Street in midtown Manhattan, this meant coming out from under the thumb of a board president who convinced a board to vote to save him money at the expense of the co-op.
Written by Bill Morris on January 30, 2014
By all accounts, The Antoinette, a 58-unit cooperative at 7 East 35th Street just around the corner from the Empire State Building, had a strong board president. For a decade, Harvey Goldman led a board that could boast of many impressive achievements. It negotiated with labor unions, resulting in annual savings of $120,000 in staff wages. It held the line on maintenance for six straight years. It persuaded the super to move from a two-bedroom, two-bath apartment into a one-bedroom, one-bath, then sold the former, adding nicely to the co-op's bottom line. Residents agreed that Goldman was a forceful leader. Nonetheless, the assessments of his personality were a bit more uneven, ranging from "very strong" to "bully."
Written by Bill Morris on February 04, 2014
Sharon Roush moved into The Antoinette in 2007 but didn't get involved in board matters until co-op board president Harvey Goldman approached her to sign a petition calling for a special meeting. The purpose of the meeting? To try to rescind the new shares that had been allocated to Goldman's apartment when he and his wife enclosed a terrace to create a new master bedroom and bath.
Roush was startled. "His own agenda," she says of Goldman, "was to throw out the [other] directors."
October 07, 2013
Recent news affecting co-op and condo buyers, sellers, boards and residents. The aftermath of superstorm Sandy lingers, Concourse Village workers may strike and a co-op / condo board-member group meets with mayoral candidate Joe Lhota. Plus, lot o' news for boards this week, as one court ruling partly limits the Business Judgment Rule and another says a particular type of Airbnb rental isn't illegal hoteling. And experts answer a board member's own plea: "What Can I Do About the Tyrants on My Co-op Board?"
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?