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.
1 Million Properties in Tristate Area Face High Risk of Flooding
October 15, 2024
Low- and moderate-income households are the most vulnerable.
Embassy 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.
Co-op City Completes $48.5 Million Elevator Modernization Project
Written by Emily Myers on August 28, 2024
Co-op City is undergoing a $48.5 million elevator modernization project, which includes replacing 176 cabs, shafts, and machinery, and will be completed in early 2025.
U.S. Rep. Ritchie Torres has found "egregious disparities" in delivery fees.
Reports are designed to detect and correct imminent dangers.
Boards have until July 31 to schedule free inspections of facades, boilers and more.
Rule takes effect Nov. 12, and new "NYC Bins" will cost $50.
DOB Turns to Tech Sector to Enforce Deluge of New Laws
July 08, 2024
The overwhelmed DOB is teaming up with the Partnership for New York City.