New York's Cooperative and Condominium Community

Habitat Magazine July/August 2020 free digital issue

HABITAT

293 NORTH BROADWAY

When the board of a 39-unit Yonkers co-op 293 North Broadway had to pull a job from a shoddy contractor and bring in new blood, the original contractor promptly put a mechanic's lien on the property. The board could have responded with a lawsuit. Instead, it tried arbitration. Did that procedure work? Yes and no.

When the board of a 39-unit Yonkers co-op 293 North Broadway had to pull a job from a shoddy contractor and bring in new blood, the original contractor promptly put a mechanic's lien on the property. The board could have responded with a lawsuit. Instead, it tried arbitration. Did that procedure work? Yes and no.

The board of a 39-unit co-op in Yonkers recently locked horns with its engineer and contractor over a disputed $1.2 million exterior repair job. Loath to spend time and money on a lawsuit, the seven directors opted to pursue mediation and then arbitration. This board's story has some agonizing moments — and some valuable lessons along the way.

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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

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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