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.
Proactive inspections are a response to two recent building collapses.
Boards need to remain vigilant even as Local Law 18 curbs illegal sublets.
Bills require load-bearing capacity study, double civil penalties, and more frequent inspections.
Queensview Co-op Saves $1 Million with Combined Facade and Roof Repairs Project
Written by Emily Myers on May 15, 2024
Queensview Inc., a 726-unit co-op in Astoria, is saving up to $1 million on a $12 million facade and roof replacement project by consolidating the work, which will take two years to complete.
Co-op in Crown Heights Faces Major Structural Repairs, Displacing Residents
Written by Emily Myers on May 08, 2024
A 100-unit prewar co-op in Crown Heights is undergoing extensive structural repairs due to deterioration, with a line of apartments needing to be demolished and rebuilt to restore structural integrity, while the board has set aside $25,000 to subsidize the rent for displaced shareholders.
In a first, a Mitchell-Lama co-op has converted to an HDFC with a 50% flip tax.
How to Address Resident Hoarding in Co-Op and Condo Boards: Strategies for Safety
Written by Jennine Cullen, Associate Attorney, Taylor, Eldridge & Endres on March 28, 2024
A board of a co-op or condo must first document the situation, seek emergency orders from the courts, and appoint a guardian to help facilitate a hoarding situation.
Co-op and Condo Boards Face Challenges Accommodating Emotional Support Animals
Written by Carl Finger, Principal, Finger & Finger on March 14, 2024
Emotional support animals are protected under the Fair Housing Act and Americans with Disabilities Act, and boards should establish clear policies outlining the documentation required for ESA requests, while also ensuring prompt responses to requests and leveraging existing bylaws and lease agreements to enforce rules and regulations.
A Working Intercom Isn't an Amenity. It's Required by Law.
February 26, 2024
Under the warranty of habitability, co-op and condo boards must make sure all intercoms work.
Trump Is a Four-Letter Word for Many Manhattan Condo Owners
February 20, 2024
The Trump brand has proven a drag on values for Manhattan condos.