February 01, 2012
It’s not the kind of information a board ever wants to receive — but it certainly doesn’t expect to receive it three years after the building was built. “After evidence of leaks, the board was compelled to hire an architect to study the conditions of the roofing and found that it was improperly installed by the developer,” says Jeff Heidings, president of Siren Management. “Typically, that’s what is first to go in new construction.”
Typical or not, the flaws made it crucial to replace everything. The previous roof had not had enough insulation, and the drains were improperly installed, causing ponding and saturation. In short, it was leaking into the top two floors.
Written by Tony Cohen on August 03, 2012
In the world of co-op and condo amenities, the midtown condominium The Sheffield has just served up a tasty new dish on a platter: a restaurant partnership entitling residents to a host of perks at eateries owned by the David Burke Group — at no extra cost to the buildings homeowners.
Written by Frank Lovece on July 27, 2012
Calling AT&T: Why have we been paying your electric bill for 18 years?
That's the question the condo board of The Leonori condominium — where residents include the actor Samuel L. Jackson and former Morgan Stanley CEO John Mack — has put to the telecommunications giant after discovering the building has been paying to power the cell-phone towers on its roof all this time. Even more to the point, that's the question asked in the lawsuit that the condominium filed on July 18. The case is instructive for any condo or co-op board as a reminder to really look at your monthly bills.
Written by Richard Siegler and Dale J. Degenshein on July 17, 2012
In Bregman v. 111 Tenants Corp., Cornelia Sharpe Bregman alleged that in 1972 she was renting apartment 6C at 111 East 75th Street in Manhattan, which was converting the building to cooperative ownership. Because of an insufficient number of subscriptions to qualify for conversion, the sponsor asked her to purchase her apartment as well as penthouse Apartment 10A. Bregman says she entered into an agreement that gave her "full, unconditional, and perpetual sublet rights" to both apartments, because the sponsor recognized that she would have to sublet one or both.
July 16, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents.
This week, a high-end co-op has a low-rent board, according to a lawsuit claiming it's avoiding responsibility for fecal-contaminated water coming from the tap. Yuck. Plus, a pit bull featured on Animal Planet bites a condo neighbor, and elsewhere a pit-bull owner defies a condominium's no-dogs rule without even bothering to make up a "therapy animal" claim. Queens, the home of last year's tax-protest movement, examines the just-renewed tax abatement, and what happens when your storage locker gets broken into? Plus: An infestation of artists, all over Co-op Village!
July 02, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week,it's a nail-biter as New York City and New York State play chicken over the technically expired property-tax abatement for co-ops and condos. Plus, private playgrounds are the hot new kid-friendly amenity and Alec Baldwin's new wife buys a condo ... right next to her husband's. Is that like his-and-her towels? For condo and co-op boards, we've no less than The New York Times says sic 'em when it comes to condo arrears. And here's how you break up with the nice, friendly volunteer who's not so great at the job.
April 23, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, Mayor Bloomberg proposes a residential smoking ban. Or does he? Plus, a tree may grow in Brooklyn but a co-op's just sprouted in the ever-burgeoning Bronx; the highest-priced New York City co-op ever gets sold; and what could be the second-priciest condo gets put on the market. Good thing Co-op City is staying affordable. And we wonder what Jennifer Aniston's combined co-op apartments will sell for now that she's moving (or moving in) elsewhere.
June 04, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, an Afghan War vet says his Shih Tzu helps his PTSD; co-op wonders otherwise; a condo board loses over phantom cigarette smoke; and while one co-op hopes a new commercial tenant finally takes, another backs down on tacky chains. Plus, Chloë Sevigny has no big love for her co-op anymore. And for condo / co-op boards, we've the latest on green roofs and on e-mailing notices.
June 11, 2012
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.
Written by Claire Wilson on June 14, 2012
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.
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