HABITAT
Recent news affecting co-op / condo buyers, sellers, boards and residents. There's no other news more important this week than New York State legislators and Governor Andrew Cuomo letting the co-op / condo tax abatement expire. This, in a state where every other form of residential property gets an annual cap on tax increases. But there's a sliver of a silver lining — read the second article below and contact your representatives.
Also this week, New York City condos go on the warpath to collect arrears — read about some of the tactics now becoming commonplace. Plus, what's with all those condo boards acting like co-op boards, requiring hundreds of pages of buyers' financial data? A broker breaks it down. And did you know boards can't stop residents from operating day-care centers in their apartments?
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, an Afghan War vet says his Shih Tzu helps his PTSD; co-op wonders otherwise; a condo board loses over phantom cigarette smoke; and while one co-op hopes a new commercial tenant finally takes, another backs down on tacky chains. Plus, Chloë Sevigny has no big love for her co-op anymore. And for condo / co-op boards, we've the latest on green roofs and on e-mailing notices.
Saving Money by Spending Money: The Building Improvements that Do It
Written by Lawrence Weinstein, President, Silver Towers, Kew Gardens, Queens. One in an occasional series of real-life stories by board members about serving on co-op and condo boards. on March 29, 2012
It's a nice place to visit. It's even nicer to live there. Silver Towers, in Kew Gardens, Queens, is a combination of 377 cooperative apartments, 40 condominium units containing lawyers' and doctors' offices, several commercial stores and a three-level garage. Because of the mixture of co-op housing and condo retail space, the property is known as a cond-op.
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