Written by Victor M. Metsch on November 29, 2018
Co-op and condo boards must protect people from “foreseeable” harm.
October 16, 2018
One proposal would benefit Staten Island and punish Park Slope.
Appeals court upholds barbed street names in controversial condo development.
April 18, 2016
Streets are named for those timeless real estate staples: greed, trickery, and money lust.
January 25, 2016
Bank buildings are doing it. Synagogues are doing it. Now a former farm for the aged poor is doing it too: converting to condos.
Last week the New York City Council gave its blessing to a plan to turn a derelict 96-acre campus on Staten Island, known as the Farm Colony, into 344 condo apartments for residents over the age of 55. Thirty-four of the apartments will be set aside as affordable – that is, for families with incomes under about $150,000.
The council approved a plan by the city’s Economic Development Corp. to sell 45 acres to Raymond Masucci, a Staten Island developer, for $1 million. At a cost of $91 million, Masucci will rehabilitate five buildings, tear down five others, and preserve a 112-year-old dormitory as a “stable ruin.” He will also build three six-story apartment buildings and 14 townhouses on a property that was once a working farm for the aged poor.
The Farm Colony closed in 1975 and fell into decline. The new development, inside Staten Island’s first historic district, will be called Landmark Colony.
December 30, 2014
It was a rough year for affordable housing in the Big Apple, but the city delivered some hope last week to supporters of Mitchell-Lama. According to a DNAinfo report, the city announced last week that BFC Partners — the developers of Staten Island's outlet mall — plan to buy and rehabilitate the Arlington Terrace Apartments, a Mitchell-Lama housing complex in Mariners Harbor. BFC will spend $75 million to tackle major exterior and interior fixes on all four buildings. The developers also plan to rename the complex North Shore Plaza and "extend its affordability for residents," the report added. That's definitely good news to residents of the troubled housing complex, who have had to cope with mold, mice, and even crime in their own courtyard.
December 02, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents — but especially boards this week. A new condo in Brooklyn enhances its appeal and market value by supporting an adjacent park. A notorious Airbnb hotelier takes a fall. Learn what amenities add a lot to the cost of maintaining a co-op or condo building, and which don't. And find who NYSERDA calls New York City's top four engineering firms in helping buildings achieve energy-efficiency. Plus: Condo fire on Staten Island, tips for acing your co-op board admission interview, and the seller of a co-op in the "Ghostbusters building" (above) doesn't get slimed on the price.
Maria Civille's 116-unit co-op in Staten Island is considering a ban on smoking in the building. As with most boards, this means reading up on what other buildings are doing and how they're doing it, followed by internal discussion and then, almost inevitably, by rumors like "They're imposing $500 fines if they catch you smoking!" when all you're talking about is simply accepting non-smokers only in future apartment sales.
November 04, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a luxury building is actually chintzy, its non-union doormen argue. And a Staten Island board seems rather cheesy, if the parking-space perks its members gave themselves is any indication. A court puts the brakes on a co-op's attempt to be rid of a Citi Bike rack. And a condo-owner in Chelsea gets concrete results — from a construction site dripping it onto his patio. Plus, for condo and co-op boards, an attorney finds yet another novel way of dealing with unit-owner deadbeats.
Thinking of buying a co-op or condo? Already bought, and not sure how co-op/condo life and rules work? Learn all about purchasing a place and living in your new community. It's not like renting, and its not like owning a house. What's it like?