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A Land-Lease Can Kill a Co-op

Chelsea

that the co-op’s underlying mortgage was set to mature in 1999 with zero balance. But that turned out

Groups Push for Freeze on Property Taxes During Pandemic

New York City

: Since the pandemic began, the state and federal governments have offered relief – loans, mortgage

Birchwood House Co-op Goes on a Buying Spree

Jackson Heights, Queens

, “by telling them that if they didn’t want to do it, I was going to ask them for permission to let me

A Facade Repair With Surprise Costs – What’s Not to Love?

Gramercy, Manhattan

to think much bigger than $500,000. “They asked us to expand the job to include a replacement of the main

After Hurricane Ida, a Brooklyn Co-op Vows: Never Again

Park Slope, Brooklyn

of the natural light that gives Sterling Atrium its name. The board asked the engineers what could be done

Art Deco Co-op’s Redone Entryways Say “Welcome Home”

Washington Heights, Manhattan

mortgage in 2016, with money set aside for the entryways and other capital projects. Then the board brought

Amalgamated Housing Co-op Meets a Chimney Challenge

The Bronx

, the board took out a $14 million second mortgage from National Cooperative Bank (NCB) and secured a $6

Cutting Costs Today, p.2

to find a buyer. Distraught, they came to the board asking for an exception that would allow them

Old Idea, New Twist UNABRIDGED

Magazine Article by Bill Morris on August 01, 2011

answering them. They asked some questions about my personal finances that I thought were a little over

6 Keys to Unlocking the Financial Statement UNABRIDGED

Magazine Article by Lisa Prevost on April 23, 2019

on their unit-owners having access to Fannie Mae mortgage financing, boards should make sure that 10

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Board Talk

Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!

Door mats in coop

Diane Nov 12, 2024

Sponsor Rights

mr.gardenz Oct 20, 2024

Property Manager failing to provide 2022-2023 Financial Statements

Julie Oct 16, 2024

Habitat Week by Week

Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.

Ask the Experts

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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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