May 13, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. Lots of news for boards in particular this week, as one co-op board sues the developer of One57 — the condo with the crane — and other boards face lawsuits against them because of superstorm Sandy. And it's board member vs. board member at The Bronx's Brady Court. Plus, a third of all homebuyers don't know what an "annual percentage rate" is. And while we'd bet that Ben Stiller (at left) does, he and his actress wife Christine Taylor still lost a million selling their co-op duplex on the Upper West Side.
April 22, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a Brighton Beach condominium goes from lawsuits to protests over a public toilet its residents say is in the wrong place — blocking their ocean views. Plus, the noisy saga of 199 Bowery continues; a condo buyer who pulled out of a deal not only lost the deposit but owes $577,000 in legal fees; and looking to buy? Dont' overlook The Bronx! Plus, for condo and co-op boards, we've a Sandy-related lawsuit, a lawyer's thoughts on absentee ownership and more.
April 08, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. Yet another restaurant, yet another building fighting it: Like the planned Denny's in FiDi and a still-unnamed Mexican place in Tribeca, the Atlantic Terrace co-op in Brooklyn (left) wants to say arrivederci to Tony Roma's. Plus, a shareholder's riled in Riverdale and we remember the Rembrandt, New York City's first co-op. And co-op / condo boards won't want to miss the lawsuit alleging a scam of Weekend at Bernie's proportions!
Written by Steven Hochberg on March 05, 2013
I served for 25 years as the president of my co-op board (and hope to serve on the board again, perhaps). We are a 20-story, 339-unit cooperative building located in the Riverdale section of The Bronx, with a diverse cross-section of people. In my quarter-decade of service I learned many things, but one of the most important was to be flexible. What do I mean by that? Rules are important. Generally speaking, they must be enforced. But wise condo and co-op boards can and should know when to make exceptions. Over the years as president, I learned when to do that.
December 17, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a New York City co-op board that refuses to recognize Hanukkah? That'd be mashugana if it weren't so disturbing. Plus, another high-rise hooker, recovering from superstorm Sandy, a co-op flood wall in Yonkers and city inspectors have become unglued in Co-op City. And for co-op and condo boards that want good lobby art but can't afford it, two boards have creative solutions.
November 12, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, we pick up the pieces from Hurricane Sandy, with timely advice from insurers, property mangers and others, along with a sneak peek at an e-mail exchange among some condo owners in Lower Manhattan. Plus, a former doorman tells how incredibly cheap the billionaires are at 740 Park Avenue, and a free-speech case goes to court.
Written by Frank Lovece on October 18, 2012
The New York Restoration Project, a nonprofit organization founded by signer-actress Bette Midler to help add arbor and foliage to New York City, is spearheading a tree giveaway Sunday, Oct. 21, at Woodlawn Cemetery in The Bronx. The effort, in partnership with the City of New York, is part of the MillionTreesNYC initiative to plant and care for one million new trees throughout New York City’s five boroughs by 2017.
Written by Tom Soter on October 11, 2012
Joseph Bohm was frustrated. As he saw fuel prices rising, he thought the co-op in which he lived was “missing a bet. We were losing money,” he recalls. “It bothered me no end where heating-oil prices were relative to gas prices. I pushed the board to make a change to gas, or to a dual-fuel system" where the co-op could switch from one source of fuel to another, depending on price. No one was really sure how to go about doing it. Nor was I.” Here's how he found out.
Written by Bill Morris on September 06, 2012
Ann Gordon moved into a 122-unit co-op in the Van Cortlandt Village section of The Bronx in 1986, when her career as a maker of large public sculptures was at its peak. She suspended a gigantic green boot above a Broadway marquee and installed 30-foot-long ballet slippers on the Brooklyn Academy of Music. Although she had no way of knowing it at the time, those art projects gave her a set of skills that would come into play, years later, in the co-op.
Written by Frank Lovece on August 31, 2012
An onsite electrical plant at Co-op City failed early Thursday morning, causing a four-hour power outage in the northern Bronx complex of 35 high-rises and 236 townhouses. Seven residents were treated for minor injuries, and over two dozen temporarily trapped in elevators.
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.