New York's Cooperative and Condominium Community

Habitat Magazine Business of Management 2021



A sick couple gets love and support from their co-op neighbors and staff.

Yonkers Condo Board Sells Major Elevator Overhaul

Written by Sue Treiman on September 25, 2019

Yonkers, Westchester County

Unit-owners, with a little coaxing, buy into doing a big job the right way.

How Do You Get This 25-Ton Beast Up On the Roof?

Written by Bill Morris on December 26, 2018

Yonkers, Westchester County

Condo board tackles capital project with multiple moving parts.

Board uses "bridge" loan to fix retaining wall.

"Bridge" Loan Helps Co-op Cross Perilous Chasm

Written by Frank Lovece on October 29, 2018

Yonkers, Westchester County

Retaining wall collapse onto railroad tracks nearly derails co-op.

No More Fear of Flooding

Written by Bill Morris on January 03, 2017


A determined co-op board overcomes years of watery misery.

Keeping an Elevator Job on the Up and Up

Written by Bill Morris on December 28, 2016


Co-op board uses a consultant to oversee two elevator replacements.

A co-op board learns to listen to new ideas from unlikely sources.

Flush With Cash? Reverse Assessments May Be for You

Written by Frank Lovece on November 10, 2015



Your co-op might be making too much money. Yet sometimes it really can happen: you refinance the underlying mortgage, you refurbish and sell an apartment picked up in foreclosure – and then you have issues with your nonprofit status – and also shareholders wondering why their monthly maintenance is so high if you're rolling in dough.
What can you do? Lower the maintenance? Maybe. But if you're Michael Barbara, the 21-year board president of Yonkers' 528-unit Bryn Mawr Ridge Coopersative, you implement a concept that appears to have had no name until he gave it one: a reverse assessment.

Routine Boiler Replacement Hits a Big Snag

Written by Tom Soter on May 20, 2015


Built in the 1950s, 333 Bronx River Road is a 165-unit Yonkers co-op with two new boilers and a whole lot of money saved. The old boilers were impressive — huge but dinosaurs: they did not do the job efficiently or cost-effectively. "We spent $128,000 last year for oil," says Sandro Catalic, a manager at Gramatan Management, the building's agent. "This coming year we predict that, with natural gas, it will probably cost us about $90,000. The savings [should be] dramatic."

The job began more than a year ago, when the five-member board, led by president Thomas Price, discussed options for their decades-old heating plant.

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

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