May 21, 2012
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?
The sidewalks in front of this aging co-op needed replacement: they were cracked and unsightly. But the job came as no surprise to the board and its management firm, Cooper Square Realty: the board has been monitoring the condition of the property closely as it adheres to a 10 -year capital plan. “Our first priority is the shareholders,” he says. “We want to protect their investment. It’s a very well-maintained building in a great location.”
December 31, 1969
... 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?
... tips on how to buy your child a co-op or condo. Say, George and Ira Gershwin's old place is for sale!
December 31, 1969
... it's deja vu all over in Queens as co-opers prepare for another year's tax revolt. A new state law allows digital offering plans, condo prices are up in the outer boroughs, and why is New York Yankee Alex Rodriguez no longer safe at home at The Rushmore?
December 31, 1969
... a tax revolt grows in Queens (again), a condo developer must return $16 million in down payments and Oscar-winner Marisa Tomei (at right) thinks filmmaker John Waters is all wet. Or, well, she's made him that way. And for board members: Why your confidential e-mails may be anything but.
Read all the latest co-op /condo news for buyers, sellers and board members in Habitat's weekly Monday News Roundup. Also included: Permanent archival links. If a link ever goes dead, you'll still be able to read the backup at WebCitation.org.
March 26, 2012
... more on tax-fairness legislation introduced in Albany; whether no-smoking buildings affects apartment prices; a lobby renovation done right; and The Sheffield pools its resources. And for co-op and condo boards, an expert answer on who's responsible with bathtubs leak.
Written by Alan Kramer, President, 17 W. 67th Street. One in an occasional series of real-life stories by board members about serving on co-op and condo boards. on January 05, 2012
Many people spend their weekends working with real estate brokers, scouring the city for the "right" apartment in the "right" building. I took a different route: I found the "right" woman, with the "right" apartment, in the "right" building, and married into our co-op 27 years ago.
Written by Carolyn Hahn on December 08, 2011
Lance Kolb, manager of the 650-unit Schwab House co-op, on Manhattan's Upper West Side remembers being struck by how unappealing the doormen's uniforms seemed.
"I can't even remember them," he says grimly. "Maybe I blocked them out. All I remember is that they were brown and ugly." His recommendation: Replace all 50 staff uniforms.
The way you dress your staff can affect curb appeal — and also send a message on how you run your building. "This isn't an area to save money on," observes one manager. If the braid on the trousers frays at the hem and looks "ratty," to use another manager's word, don't assume a potential buyer won't notice.
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.
A free digital resource for co-op/condo board directors. Published twice a month. Read now on all digital devices.