HABITAT
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, residents' outrage over rodents reaches a roar in one middle-class Bronx neighborhood's historic old co-ops (albeit spelled "coops"). Meanwhile, in a more upscale area of the borough, a condominium gets millions in tax breaks. Life as usual, in other words. And speaking of taxes, we've news on the class-action suit aiming to make New York City's crazy property-tax calculations fairer, and an Upper East Side condo is suing the MTA for Second Avenue subway-related damage. Plus: Celebrities buy penthouses!
Co-op / Condo News: New Admissions Law for Co-op Boards, and More
September 03, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week the big news for co-op boards is a new law in Hempstead, Long Island, stating that boards there must accept or reject applicants within 45 days and give the reason for any denial — in writing. Could this be the start of a legal movement? Plus: A community room, taken away for no stated reason, returns after several years to the historic co-op complex the Allerton Coops (pronounced "kewps"), a Lower East Side co-op joins a commercial-rental trend, and is your co-op board president a drug lord?
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