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With Assessments Looming, Will Residents Push Back?

New York City

and keep the budget balanced. But what if residents push back? “The most important thing a board can do

Gyms Remain Shuttered During Watered-Down Phase 4 Reopening

New York City

on with a higher charge next year or an assessment to make up any budget shortfall,” says Lisa Smith, a partner

Co-ops and Condos Are Avoiding Property Tax Delinquency

New York City

are very understanding that the buildings have to pay their bills. The operating budget was set

Fuel Cells, the Possible Future of Clean Energy, Are Coming to Staten Island

Staten Island

. The project’s $103 million budget was financed from two sources: institutional and private capital raised

Flip Taxes Rebound as Apartment Sales Regain Pre-Pandemic Glow

New York City

For co-op and condo boards that rely on a flip tax to balance their budgets, the pandemic

Annual Meetings Will Answer Pressing Questions in City’s Co-ops

New York City

. Namely: Will a maintenance increase or assessment be required to balance the budget in the face of lost

New York's Upper Class Is Growing and Its Middle Class Is Fleeing

New York City

Eric Adams is preparing to slash the budgets of public services including police, sanitation, libraries

New York City's Hidden Water Tax May Cause 8% Increase in Bills

New York City

in rent over four years to lease its water and sewer systems from the city, according to budget documents

Co-Ops and Condos Are Exempt From Good Cause Eviction Law

New York State

this provision in the new state budget a "substantial victory." In a statement, the PCCC said: "This bill has

Bronx Co-op Board Accused of Mismanagement by Shareholders

Van Cortland, The Bronx

-year budget cycle, boards face pressure not to raise monthly maintenance or levy assessments — but if they don

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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!

Super starting his own business outside of the co-op

Bob B JR Dec 20, 2024

radiator air valves

Pre-war cooperative NYC Dec 19, 2024

Coop serious problem - staff work without permits, etc

DM Dec 15, 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

Source Guide

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