Written by Jennifer V. Hughes on January 21, 2014
Local Law 84 of 2009 mandates that New York City buildings larger than 50,000 square feet must record and track their energy and water use, with the grades made public. This allow you to see how well your building is doing and how it compares with other buildings. But energy experts say there are still kinks to be worked out: The data is not always accurate and it's difficult to access.
January 01, 2012
Storage space is worth its weight in, well, you know the rest. As owners try to store clutter rather than live in it, buildings like 33-15 81st Street in Jackson Heights, Queens, are looking to get storage lockers and save dough as best they can. That’s what the board of this 272-unit, five-building hi-rise complex did when it had bins installed between June 28 and July 5, 2011.
December 31, 2013
The largest condominium in New York went smoke-free, boards crawled their way toward formal gun and privacy policies, buildings NIMBY'd restaurants and board prez Joan Rivers won a court battle. And, of course, some things remained constant, like the ubiquitous push-pull between residents and boards. All this and more helped make up the year in co-op and condo news … and we've got the quotes to prove it!
December 28, 2012
Homeowners rose in tax revolt again in 2012, yet politicians still failed to act to solve inequities hurting co-ops and condominiums. A board may have helped drive a resident to suicide. No-smoking rules, digitized offering plans and automated water-meter readers all made the news. And good boards and bad have their say and their day in some of the year's most interesting utterances.
June 24, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, half of Albany is up in arms and the other half is sticking its hand out over 421a tax abatements for luxury condominiums. Meanwhile, the attorney general slaps the wrist of a developer banned from selling any condos at all. Plus, a big change at Co-op City and a big sale in Greenwich Village, as Mary-Louise Parker (right) sells her Washington Square co-op. Plus: Advice for your co-op board admissions interview.
Written by Frank Lovece on March 21, 2013
UPDATED March 22, 2013 — Following an interagency raid by investigations who took files and computers from five local heating-oil business, two lawsuits have been filed by real-estate concerns charging that the companies have been selling oil diluted with waste product. Authorities and the plaintiffs claim such tainted fuel oil has been delivered for years to both commercial and residential buildings.
December 30, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. As the year ends, some things don't change. To wit: Two Financial District condo boards and Pace University have filed a lawsuit to keep a city Probation Department center out of the neighborhood; co-op shareholders at Dunham House on the Upper East Side are fighting a retailer who threatens to block their views; and a condo board in Flushing, Queens, is getting sued for its treatment of a Buddhist church. Man, who hates Buddhists? Plus, one of the New York Giants is renting out his condo apartment during Super Bowl week since, let's face it, the Giants have no reason to stick around.
Written by Frank Lovece on December 19, 2013
The process of terminating the super begins with what is colloquially described as "writing him up." This can take a relatively short or relatively long time. "Documenting incidents is key," says Nadir Maoui, vice president of a 150-plus-unit co-op in Sunnyside, Queens, that recently fired its superintendent. The board spent almost two years preparing a list of offenses. "We went from [oral] warnings to write-ups with the union, and we went as far as suspension," Maoui explains. "If you go for union arbitration with no [prior] warning [to the super] whatsoever, the first thing they'll ask is to give him a chance. You have to show you gave him warnings and can't deal with him anymore. Otherwise, it's your word against the super's."
December 16, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a Chelsea condo board has won its battle with a downstairs gym, New York City investigates possible fraud by Lower East Side co-op board members and a Queens co-op says it's not soulless. The Comptroller says the City goes too easy on water-bill deadbeats, raising rates for the rest of us. An expert answers: Are condo boards as powerful as co-op boards? And Law & Order's Richard Belzer sells his co-op. Dun dun!
November 18, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents.
This week, a co-op shareholder in Queens complains about a neighbor's noise and gets heard in court, and a condo board in Chelsea sues a commercial gym over weighty noise issues. A newspaper says almost half the buildings that object to Cite Bikes don't get them, but you can't wait till you know they're coming. Bike 22. What's the latest luxury amenity? On Park and Fifth Avenues, it's private restaurants just for residents and guests. Plus, Leonardo DiCaprio buys a "wellness" apartment in Greenwich Village. Yeah, we didn't know what that was, either. Sounds nice, though.
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.