May 09, 2014
A Manhattan Supreme Court judge has thrown out a lawsuit against the developers of The Apthorp condominium on the Upper West Side.
The Real Deal revealed that the $750,000 suit, which claimed that a descending staircase cut the plaintiff’s unit in half, was tossed when the judge ruled that the agreement was for an 'as is' purchase, and therefore it was up to the buyer to inquire as to the condition of the apartment.
October 22, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, the rape victim at an Upper West Side, doorman high-rise sues the condo board, the managing agent and others after the building staff did not investigate the delivery person's excessively long stay. Plus, more on co-op price floor, the building-workers union honors its own, and why the super-rich pay less in property taxes, percentage-wise, than working-class New Yorkers. Hint: It has to do with that Dept. of Finance factor called "comparables."
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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.