NYC co-ops and condos, like all residential apartment buildings, are bricks and mortar. They need care, maintenance, and money to pay for the upkeep. The goal, though, is not to make a profit, but to create an environment that owners want to live and invest in. How co-op and condo buildings do that in New York City is what you'll find here.
Co-op and Condo Boards Call the Tune During Required Facade Repairs
December 02, 2024
Shareholders and unit-owners have limited options when repairs cause inconvenience.
30% of City Buildings Have Lead in the Water Pipes
November 22, 2024
There's a new map that will tell you if your building has lead in its water pipes.
New York City Issues Drought Warning as Reservoirs Dry Up
November 19, 2024
The next step could be mandatory restrictions under a drought emergency.
Small Co-ops and Condos Must Now Place Garbage in Secure Bins
November 12, 2024
Mandate goes into effect today for all residential buildings with nine or fewer units.
Higher Insurance Costs, Lower Coverage Squeeze Co-op and Condo Boards
November 05, 2024
There are steps boards can take to soften the sting of today's hard insurance market.
Audit Reveals Shocking Conditions at Three Mitchell-Lama Co-ops
October 22, 2024
Auditors also found no-bid contracts and $1 million in questionable spending.
1 Million Properties in Tristate Area Face High Risk of Flooding
October 15, 2024
Low- and moderate-income households are the most vulnerable.
Embassy's Sewer Line Ruins Co-Op's Basement, Insurance Carrier Pays $270K
Written by Emily Myers on September 25, 2024
A small eight-unit co-op in Lenox Hill received a $270,000 insurance payout from the embassy's insurance carrier after a sewage disaster, allowing them to pay back a line of credit and rebuild their capital reserves.
Flatiron Building to Be Transformed Into Luxury Condos and Retail Space
September 13, 2024
Iconic building is part of a post-pandemic trend of office-to-residential conversions in New York City.
Sidewalk Sheds Are Costing Businesses Thousands in Lost Revenue
September 06, 2024
A new study reveals that sheds can cut profits by almost $10,000 a month.