July 09, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a wonderful new affordable co-op in The Bronx (at left) finds loud, trashy neighbors drinking on the street and throwing dangerous objects from several stories above — and the police don't care. Bet they would if this were 15 Central Park West, another co-op in the news. Plus, why is a Queens condo paying to keep up land the Department of Transportation is supposed to maintain? And for boards, we've the latest on the Dakota's discrimination lawsuit and on two East Village co-ops' no-restaurant policy.
May 20, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, Zeckendorf Towers goes smokeless, the folks at Alwyn Court and The Briarcliff go homeless, and thanks to 24-hour construction crews, a Rockaways co-op goes sleepless. Plus, three Lower East Side co-ops install fuel-efficient boilers to save money heating 2,700 apartments, Airbnb lobbies politicians to take the "illegal" out of illegal hoteling, and people debate the pros and cons of the proposed co-op admissions disclosure law.
May 13, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. Lots of news for boards in particular this week, as one co-op board sues the developer of One57 — the condo with the crane — and other boards face lawsuits against them because of superstorm Sandy. And it's board member vs. board member at The Bronx's Brady Court. Plus, a third of all homebuyers don't know what an "annual percentage rate" is. And while we'd bet that Ben Stiller (at left) does, he and his actress wife Christine Taylor still lost a million selling their co-op duplex on the Upper West Side.
Written by Abigail Nehring on April 09, 2013
The 250-unit Normandy, located at 140 Riverside Drive on Manhattan's Upper West Side, recently phased out its old-style bulbs. For co-op board president Bennett Lincoff, convincing the other board members it was a good idea was easier than screwing in a light bulb. The fact is, according to energy experts and building managers, if you still have incandescent lighting in your building's public spaces, rather than compact fluorescent light bulbs (CFLs) or light-emitting diodes (LEDs), you're probably wasting money.
April 08, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. Yet another restaurant, yet another building fighting it: Like the planned Denny's in FiDi and a still-unnamed Mexican place in Tribeca, the Atlantic Terrace co-op in Brooklyn (left) wants to say arrivederci to Tony Roma's. Plus, a shareholder's riled in Riverdale and we remember the Rembrandt, New York City's first co-op. And co-op / condo boards won't want to miss the lawsuit alleging a scam of Weekend at Bernie's proportions!
January 14, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, an Upper East Side co-op owner with pot-smoking friends wishes the board would just chill out, dude. Plus, a dearth of condos makes it harder to buy the one you want, the mighty Thor Equites vanquishes a condo board, and no-FEMA apartments.
January 07, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, Congress and the president save the mortgage-interest deduction, buildings in the flood zone, including co-ops and condos, may be required to buy flood insurance, Spielbergian producers sell their co-op and Manhattan apartment prices about to go up.
Written by As told to Habitat by Carl Tait on January 03, 2013
I'm co-op board president of a a 33-unit building directly behind One57, the tower being built at 157 West 57th Street, by the developer Extell and the construction company Lend Lease. On Monday, October 29, the day of superstorm Sandy, I was working at home, so lost in what I was doing I didn't hear anything until my wife came in with a horrified expression and said, "Carl, the crane on top of that Extell building just broke."
I went downstairs and asked a policeman on the corner, "Will we be evacuated?"
He said: "Oh, you're already evacuated. Police are clearing your building right now. Don't even bother to go home." That seemed kind of strange to me, considering I just came from there.
October 29, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, even paying all-cash and additionally transferring a year's maintenance and $30,000 extra into an escrow wasn't enough for a Murray Hill co-op board being sued after allegedly leading a buyer on. Oh, and they also wanted his British documents translated to, um, English. And you wonder why a new sitcom makes fun of co-op boards. Plus, The Sheffield gets a work by renowned sculptor David Hostetler, and OSHA cites poor construction in a Brighton Beach condo collapse.
October 15, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. More on price floors keeping people locked in their apartments, and billionaire buyers at one midtown condo may reap 421-A tax abatements meant for lower-income housing. There's one degree of Kevin Bacon at an Upper West Side co-op trying to tone down a big honking new penthouse next door. And for co-op boards, a candidate for the New York State Assembly wants to revive the issue of board oversight and accountability.
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