July 15, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a condominium board sues its developer. a co-op buyer sues a seller, and a co-op shareholder sues his neighbor. Plus, a lawyer sues his clients, whom he'd represented against a co-op board. Ah, springtime in New York! We've also a co-op board trying to evict an agoraphobic transgender smoker, but hey, that could happen anywhere....
July 23, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a Central Park West co-op is fired up to evict a smoker, a Queens condo sets an asking-price record, and those maligned old white-brick apartment houses go high-end. Speaking of big houses, Peter Madoff's co-op is up for sale before he gets locked up in the big house. And for co-op and condo boards, we've bad news on the tax abatement bill, and the Dakota discrimination case has some bad fallout for boards. Plus: A lawyer tells us the seven biggest surprises for rookie board members.
April 01, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, police name an accomplice in the Penn South co-op embezzlement, and one Financial District condo board gets sued over cell-phone antennas while another hopes Denny's won't grand-slam into their luxury building. In other lawsuit news, a Murray Hill co-op board misses a deadline in a discrimination lawsuit. Note to self: Don't hire that lawyer. Plus, see how all the changes in the co-op / condo tax abatement play out with LLCs and trusts — trust us, you want to know. And Bruce Willis buys hard on the Upper West Side.
July 30, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, from Harlem to, um, South Harlem, co-op and condo residents are rising up and having their say big-time. A judge rules that a transgender heiress can smoke in her co-op, with conditions. And the Time Warner Center is foreclosing on a storage unit — yeah, you can do that — belonging to nightlife mogul Michael Hirtenstein, over a relatively measly $2,500 arrears. Plus, here's the neighborhood with the most new residential developments, and Katy Perry kissed a condo ... goodbye!
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?
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.