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Loss Assessment Coverage Can Protect Co-op and Condo Residents

New York City

are usually low, but it can be useful. Assessments are not budgeted for. They’re a surprise. This coverage can

5 Steps to Take When Commercial Tenants Cannot Pay Rent

New York City

will have to address this in their operating budget.”

All Property Tax Relief Was Not Created Equal

Glen Oaks, Queens

City budget already had to cut back. I don’t think that any of these bills will get through

New Jersey Passes Millionaires Tax. Is New York Next?

New York City

are facing $59 billion in budget shortfalls this year and next.

Queens Co-ops Hit with Bogus Property Tax Bills

Queens

and the pandemic continues to pressure household budgets, inflated property tax bills are a burden that few can

The ‘Wizard of Oz’ Capital Projects at Morningside Gardens

Morningside Heights, Manhattan

% of the three projects’ total $15 million budget. The board was able to finance the work with its reserve fund

5 Reasons Why Condo Common Charges Are Going (Way) Up

New York City

, the guidelines require condos to establish a reserve fund for future repairs equal to 10% of the operating budget

Co-op and Condo Boards to Weigh Staff Pay Against Tax Abatement

New York City

to keeping something that would require adding $300,000 to the condo’s budget, while bringing no benefit

New Report Says Property Taxes Are "Crushing" New York Homeowners

New York City

’s nonpartisan, publicly funded Independent Budget Office, which advises city officials. “If they wanted

Proposed Pied-a-Terre Tax: Windfall or Boondoggle?

New York City

Here we go again. With budget deficits looming as a result of the pandemic and a Democratic

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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

learn more

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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