New York's Cooperative and Condominium Community

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UPPER EAST SIDE

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, NY1's Pat Kiernan isn't just a new anchor — he's also board president of a co-op that kept an unwanted building from going up next door. Now that's board clout. Plus: What do you with a nymphomaniac? No, no, if you don't want one around. We've also the latest new-construction woes and apartment sales-market reports. And while it involves a rental building and not a co-op or condo, you'll want to read about a near-tragedy because of a window air conditioner that fell 20 stories.

Thirty-one years ago, they expected it to sell out quickly. And why not? The 33 units for sale at the newly constructed 1474 Third Avenue, between 83rd and 84th Streets, didn't face the sort of restrictions co-ops impose. And in 1981, cooperatives dominated and condominiums were a New York City rarity.

The 17-story property, which replaced a one-story movie theater, was marketed as something special. Each floor housed only two apartments; amenities included hardwood parquet floors, bathrooms with marble tiling, acoustically sprayed ceilings and video intercoms. The building itself offered some degree of privacy from hustle and bustle: In an architectural style of the time, it was situated not on the street but inside a plaza. The common charges were low and units were listed at the outset at $259,000 to $484,000.

Then, nothing.

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week: When co-op / condo sales prices go down,  property taxes still go up because market prices don't count in the computation. Now Albany says they should count — also to make property taxes go up. New York City Councilwoman Letitia James and others are trying to break this damned-if-you-do / damned-if-you-don't cycle. 

Plus, while Co-op City's management fights a court order to accommodate a wheelchair resident, Co-op City's board votes to accommodate him. Maybe Co-op City needs new management — especially since manager RiverBay Corp. just got the place fined $85,000 over another disability denial. What do they have against disabled people, anyway? They cost too much? We've the latest on income-restrict apartments, how to stage for a sale and two sales records set, and how'd you like to do David Duchovny's co-op admissions interview?

Recent news affecting co-op / condo buyers, sellers, boards and residents.

This week, the Obama Administration looks to make refinancing easier — or, to hear homeowners tell it, possible.  Plus, learn how a board really feels — especially about the prime minister of Qatar. A majority of New Yorkers want no-smoking apartment buildings, says a Quinnipiac poll (or is that a Quinnipiac-a-day?)  Co-op boards say no to super-sizing. And you think you have issues with your super? You won't believe what one at a Westchester co-op is accused of. That's him in the orange outfit.

... a new condo-hotel might go up in Brooklyn Bridge Park. And are you living next to the guy who wrote Ocean's Twelve and The Bourne Ultimatum?

... Manhattan condo prices tells the rest of the country's real estate to sit down and shut up, and we'll tell you the condo where Ricky Martin's going to be living on East 85th Street.

... a co-op board appears to renege on staff promises that new buyers can install a washer, a frustrated mom sues to evict her 58-year-old son from a Sutton Place co-op, and read what some deluded sellers are asking for their apartments.

... some Queens co-ops and condos are getting double or triple their usual water bills after automated meter readers go in, New York State Assemblyman Edward C. Braunstein demands tax fairness, and State Senator Tony Avella wants to know why New York City repairs sidewalks damaged by trees at all types of homes except co-ops and condos.

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