NYC co-ops and condos, like all residential apartment buildings, are bricks and mortar. They need care, maintenance, and money to pay for the upkeep. The goal, though, is not to make a profit, but to create an environment that owners want to live and invest in. How co-op and condo buildings do that in New York City is what you'll find here.
Written by Emily Myers on May 08, 2024
A 100-unit prewar co-op in Crown Heights is undergoing extensive structural repairs due to deterioration, with a line of apartments needing to be demolished and rebuilt to restore structural integrity, while the board has set aside $25,000 to subsidize the rent for displaced shareholders.
In a first, a Mitchell-Lama co-op has converted to an HDFC with a 50% flip tax.
Written by Jennine Cullen, Associate Attorney, Taylor, Eldridge & Endres on March 28, 2024
A board of a co-op or condo must first document the situation, seek emergency orders from the courts, and appoint a guardian to help facilitate a hoarding situation.
Written by Carl Finger, Principal, Finger & Finger on March 14, 2024
Emotional support animals are protected under the Fair Housing Act and Americans with Disabilities Act, and boards should establish clear policies outlining the documentation required for ESA requests, while also ensuring prompt responses to requests and leveraging existing bylaws and lease agreements to enforce rules and regulations.
February 26, 2024
Under the warranty of habitability, co-op and condo boards must make sure all intercoms work.
February 20, 2024
The Trump brand has proven a drag on values for Manhattan condos.
February 13, 2024
As co-op and condo boards struggle to prevent fires, city is enforcing new laws.
February 12, 2024
There are several factors that determine the legal capacity of rooftop amenity spaces.
February 02, 2024
Deadly Florida condo collapse moved New Jersey to tighten building inspections.
January 22, 2024
Co-op and condo boards are urged to get busy complying with Local Law 126.