New York's Cooperative and Condominium Community

Habitat Magazine June 2020 free digital issue

HABITAT

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Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, we learn that property taxes are going up. That's news? It is when the jump will be 5.5 percent for co-ops and 7.4 percent for condos (per the New York Post) or 7.5 percent for co-ops and 9.6 percent for condos (per The Wall Street Journal) — as opposed to just 3.8 percent for owners of single-family homes! Wait, don't single-family homes already get their assessed values capped at 2 percent each year, while there's no cap on how high co-op and condo valuations can rise? Plus: We've board members who somehow couldn't predict the headline "Deaf Grandfather Fights Condo Board to Keep Service Dog." And isn't all this is exactly the kind of stuff a new co-op / condo social-media site will let apartment-owners talk about amongst themselves?

Recent news affecting co-op / condo buyers, sellers, boards and residents. More trouble for those involved in illegal short-term rentals, with a major real-estate agent involved. Plus, advice for dealing with co-op board rejection, how to gracefully decline writing a recommendation letter, second-class citizenship at luxury condos, and co-op capers with beer heiress Daphne Guinness and Academy Award-nominee Jessica Chastain (at right). And for co-op / condo boards, we've analyses of Fletcher v. Dakota and of the easing of FHA condo rules.

Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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