HABITAT
NYC co-ops and condos face legal and financial challenges that have to be solved. Whether it's a question of how to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant or lawyer, co-op and condo board directors have to make decisions. The collection of articles here will help your co-op or condo board navigate these waters.
$6.5 Million in Tax Breaks Went to Ineligible Co-op and Condo Owners
October 28, 2024
City comptroller's audit reveals widespread errors in cherished tax abatement program.
City's opposition to a lawsuit underscores difficulty of reforming property taxes.
Excess Liability Policy an Alternative to Elusive Umbrella Policies
Written by Eric Eggert on October 21, 2024
Umbrella insurance policies are increasingly difficult to obtain. But there's hope.
Land-Lease Co-ops Gain Right to Renew Leases Before Expiration
October 04, 2024
New law restores ability to take out 30-year mortgages, preserving apartment values.
Land-Lease Co-op Sues Over Rent Calculations if Co-op Is Dissolved
October 01, 2024
Carnegie House co-op seeks protections if negotiations with land owners break down.
Co-ops Stung by Higher Rates When Refinancing Mortgages
September 10, 2024
Maintenance costs likely to increase as boards deal with new lending landscape.
Two floods in his penthouse apartment inundated elevator shafts, hallways and other apartments.
Rutherford Co-op to Pay $165,000 for Violating Fair Housing Act
August 20, 2024
Denial of support animals — parrots — plus retaliation bring co-op massive fine.
Why Is This Condo's Property Tax Bill $60,000? It's complicated.
August 06, 2024
Co-ops and condos are taxed as though they were market-rate rental buildings.
The state climate law does not preempt the city's law, AG's office says.
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