New York's Cooperative and Condominium Community

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Now it was time to talk to the dame's mouthpiece. Adam Leitman Bailey had made a name for himself writing books about real estate, like Finding the Uncommon Deal (2011). He had a pretty swell set-up, down on Broadway near the courthouses. He was the kind of guy that judges called, "Your honor."

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week's riddle: In a no-dog building is a pet pig livestock? Plus, the federal Interstate Land Sales Full-Disclosure Act (ILSA) takes a homeowner-protection hit, we tell you where can you buy a co-op apartment for just $250 to $1,800, and The Rushmore condominium swears it meant to be finished by 2009 and that 2008 promise? Just a typo! And for co-op and condo boards, we have news about collecting monthly charges in the aftermath of superstorm Sandy.

Insurance Headaches Arise When Proprietary Lease Is Worded Certain Way

Written by Melanie Keenan, Secretary, 215 West 105th Street on December 20, 2012

215 W. 105th Street, Upper West Side, Manhattan

The downturn in the economy could be leading to a rise in legal disputes between co-op and condo owners — even over the payment of relatively low insurance deductibles caused by leaks, fire, shabby construction and other kinds of damages to a neighbor's apartment — especially when neither tenant is directly negligible or in violation of the house rules.

I'm close to this story, because it happened to me. I've lived in my co-op for some time, and have dutifully served on the board.

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a New York City co-op board that refuses to recognize Hanukkah? That'd be mashugana if it weren't so disturbing. Plus, another high-rise hooker, recovering from superstorm Sandy, a co-op flood wall in Yonkers and city inspectors have become unglued in Co-op City. And for co-op and condo boards that want good lobby art but can't afford it, two boards have creative solutions.

One can read about the specified duties of co-op or condo board officers but it's equally important to hear from directors themselves about what the jobs actually entails in real life. In the finale of our series "Board 101," three co-op board secretaries take a few minutes to tell you their experiences in taking a few minutes.

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, we pick up the pieces from Hurricane Sandy, with timely advice from insurers, property mangers and others, along with a sneak peek at an e-mail exchange among some condo owners in Lower Manhattan. Plus, a former doorman tells how incredibly cheap the billionaires are at 740 Park Avenue, and a free-speech case goes to court.

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.

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, The Beresford, where Jerry Seinfeld lives, goes after a sidewalk hot dog vendor. Hey, don't let the fact that the city and the police both say he's legal — you just keep on fighting the good fight against nitrates! The FHA is relaxing condominium-certification rules, making it easier to get mortgages. And just in time: New York City condo prices are jumping. Meanwhile, for co-op / condo boards, there's a new resource for tree guards, and an old lesson for Law & Order fans: Don't mess with Lt. Van Buren!

Paul Vercesi moved into his 80-unit building near Gramercy Park way back in 1962. After the building converted to a co-op in the 1980s, he served a dozen years as the co-op board treasurer, then returned in 2000 as board president, a post he still holds today. His philosophy, in its simplest terms, is to get to know your fellow shareholders so that the board's decisions reflect the will of the majority of the building, not just the majority of the board.

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, New York City cracks down on people illegally turning their apartments into hotel rooms. On the other hand, state legislators want to soften ILSA, the federal Interstate Land Sales Full Disclosure Act that helps protect condominium buyers from bad developers — allegedly like the one the condo board at On Prospect Park is suing. Plus: What's an ongoing assessment, and how did the co-op board shut up that rooster? And Cynthia Nixon may no longer be your co-op neighbor, but David Duchovny might be your new one. The truth is out there — or it will be at the admissions interview.

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