Written by Marianne Schaefer on June 28, 2017
Co-op board uses refinanced mortgage to pay for a rooftop park.
Written by Lisa L. Colangelo on April 19, 2017
Cost of terrace repairs cut almost in half after a new engineer is hired.
Written by Marianne Schaefer on March 22, 2017
Affordable HDFC co-op learns a lesson about the pitfalls of going it alone.
Written by Lisa L. Colangelo on February 15, 2017
“Milestone” capital projects under way at nation’s oldest limited-equity co-op.
Written by Ron Egatz on December 21, 2016
New capital projects are undertaken after a co-op dodged a death sentence.
Written by Marianne Schaefer on October 26, 2016
Creative campaign wins $900,000 tax forgiveness, averts foreclosure.
Written by Tom Soter on August 03, 2016
A crumbling facade next to a nursery school – and no money to fix it.
Written by Tom Soter on July 06, 2016
A financially strapped Bronx co-op is saved by long-term planning.
Written by Jennifer V. Hughes on May 18, 2016
Co-op and condo boards weigh the best way to profit from a coveted asset.
November 11, 2015
What’s a good way to predict that your modest co-op apartment may go up in price? Answer: when your neighborhood, previously nameless, has been christened with a new trendy name by developers who believe a branded neighborhood will (hopefully) be the next hot neighborhood.
With that in mind, Bronx residents may want to put their brokers on standby. That is, if recent reports are credible. According to The Real Deal, developer Keith Rubenstein’s Somerset Properties and the Chetrit Group plan to build up to six 25-story apartment towers on Third and Lincoln Avenues in the Bronx. The area once contained as many 60 piano factories, so the developers have erected a billboard calling the neighborhood – what else? – “The Piano District.” How many piano factories remain? Who knows? Who cares? They were there once, and that’s what counts. Or as Rubenstein puts it: “I’m not just calling it a made-up name for no reason whatsoever.”
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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.