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Ground Lease Renewal Bill Saves Co-ops in Queens and Westchester UNABRIDGED

Magazine Article by Carol Ott on November 06, 2024

of losing everything they have in these apartments” because buyers couldn’t get 30-year mortgages and “in ... Queens and Westchester co-ops with land leases, allowing buyers to obtain 30-year mortgages and co

Excess Liability Policy an Alternative to Elusive Umbrella Policies

New York City

up to an imperfect storm for co-op and condo boards. Today, a broker offers an alternative

Property Manager failing to provide 2022-2023 Financial Statements

to provide the bank with the required documentation, my buyers are not being approved for mortgages

Land-Lease Co-ops Gain Right to Renew Leases Before Expiration

New York City

prevented from taking out conventional 30-year mortgages, which crippled apartment values and made them ... New law restores ability to take out 30-year mortgages, preserving apartment values.

Hard Market Causing Delays in Co-op and Condo Insurance Renewals

New York City

advice to co-op and condo boards is to stay in touch with your broker. Feel free to ask questions

New York City Real Estate Industry Anticipates a Robust Fall Sales Season

New York City

With summer winding down and inflation cooling, a drop in mortgage rates and a possible drop ... Drops in mortgage rates and possible drops in interest rates are fueling optimism. ... With inflation cooling and mortgage rates falling, brokers expect a robust fall real estate season

NAR Settlement Leads to Major Changes in Listings and Broker Fees

New York City

to make significant changes to their listings and broker-fee models by a specified deadline ... Brokers are prohibited from using compensation as a filtering mechanism for listings. ... New Broker Rules ... Changes on broker fees and listings go into effect on Aug. 17. ... NAR Settlement Leads to Major Changes in Listings and Broker Fees

Pre-War Co-op Adapts to New Gas Inspection Laws with Innovative Heating System UNABRIDGED

Magazine Article by Margaret McAdams, Director of Management, Buchbinder & Warren on August 02, 2024

. Money. The co-op had refinanced its underlying mortgage about two years ago, taking on extra debt

Finance Your Building's Insurance Premium with an Insurance Premium Financing Loan UNABRIDGED

Magazine Article by Michael Feldman, Chief Executive Officer, Choice New York on August 02, 2024

’s analogous to a mortgage loan, but from a separate provider. The condo or co-op signs a promissory note

Board Paralysis: The Cost of Putting Off Building Maintenance UNABRIDGED

Magazine Article by Andy Marks, Executive Vice President, Maxwell-Kates on August 02, 2024

that need to be done over the next three to five years. “You have to ask yourself what you’re going to spend

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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!

Carpet cleaning

Bob B JR Nov 22, 2024

Door mats in coop

Diane Nov 12, 2024

Sponsor Rights

mr.gardenz Oct 20, 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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