April 30, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. New York City Controller John Liu wants to hear from co-ops, condos and others who suspect the Department of Finance overvalued your building for tax purposes. Plus, a Queens co-op is putting up signs to try to prevent people parking legally on a public street, the Attorney General gives developers an extra six months to digitize their offering plans, and a co-op board goes after a widow and widower. And speaking of boards, a lawyer tells how to collect arrears by cutting off amenities.
April 18, 2012 — Hurricane Irene brought a day of reckoning to The Seville, a 270-unit co-op complex in Bayside, Queens, last August. With leaks in six of 18 semi-attached townhouses, it was clear their 40-year-old roofs were living on borrowed time. “The question was whether you continue to put bandages on things, or looked to do something that is more life-sustaining,” says Felicia Chapman Jenkins, board secretary and a townhouse resident herself.
But the estimate for replacing all nine roofs at once before winter set in was nearly a quarter of a million dollars. Was there another way? Read more >>
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.
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.