My question is: has anyone disallowed a co-op sale solely on price and if so, what was the outcome?
I am aware of the different Manhattan/Westchester court decisions on whether economic reasons can be solely used to disallow a sale. If anyone has disallowed a sale based solely on price, what was the outcome?
An estate unit in original condition in our upper Manhattan co-op is in contract - selling well below recent market (even if renovation costs are added). Our Board's concern is that with the recent on-line databases, it is more difficult to weed out 'comparables' on estate sales as these online databases do not have a data element indicating what type of sale it is. While we can't control the market, we think we can watch out for the remaining shareholders to some degree.
We are thinking of declining the sale before an interview is scheduled so we don’t get into potential discrimination issues.
I would enjoy any thoughts.
Does your coop require this work to be performed by licensed/insured contractors only or can the shareholder & friends perform? Do you require proof of insurance and alteration form from shareholder. I am including work on gas/plumbing and electric as well. Please elaborate. Thanks
Dog lovers at West Side condo get big win as building nixes rough rules for pooches
BY KEVIN DEUTSCH
DAILY NEWS WRITER
Thursday, September 23rd 2010, 4:00 AM
The woofs have it! A West Side condo board has apparently scrapped a set of Draconian rules that would have turned pooches into second-class canines.
"It's a victory for dog lovers," said Nick Santino, 45, one of the building's many howling-mad dog owners. "They realized they were making a big mistake and said they wanted to find a compromise."
The ruff rules at One Lincoln Plaza would have forced residents with dogs to take the service elevator, banned certain large breeds and set the number of hours the animals could be left alone at home.
"It's a great day for doggies!" said tenant Coleen Weiss, the owner of black Lab puppy named Bongo.
Despite their victory, pooch owners fear the board will take up the issue again and impose similar rules down the road.
The board declined to comment.
"Let's hope they have the sense to scrap these rules for good," said dog owner Alan Graison.
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We have a 5,000 gallon underground tank for #2 oil. It failed pressure test this week.
Does anyone have experience on removal/installation? Things to watch our for? Vendors?
We are in Westchester County.
Is there a legal limit as to how many people can live in a 1-bedroom apartment?
Our co-op's prop. lease states that the shareholder and his relatives (parents, grandparents, children, grandchildren) can reside in the unit. Shareholders are a retired couple who initially moved in by themselves around 4 years ago. Their now 10-year-old grandson moved in about a year later, and the adult daughter (mother of grandson) moved in permanently a year after that. The daughter's husband/ex-husband/boyfriend stays in the apartment several times a week.
The apartment is a 1 bedroom, 1 bath, living room (no separate dining room or area), and kitchen, approximately 750 sq.ft. A cot has been set up in the kitchen.
Is there some sort of building or fire code that would overrule the prop. lease as far as number of people living in an apartment? Is it OK to have 3-4 adults and 1 child living in a 1-bedroom?
We have a co-op with a sponsor of unsold shares. What if any laws exist about maintaining confidentiality of any medical and personal information provided by a shareholder or tenant justifying their need for emotional support animal in a no pet building? Our board posts our board meetings in the laundryroom and we have concerns about how we handle sensitive information such as this. Can the tenant sue us for invasion of privacy? We are also afraid everyone in the building will start getting pets saying they need it for mental reasons.Also, if we have birds and cats in the building, is it legal to forbid dogs? Thanks
Our Coop has a Holder of Unsold Shares (lawyer) that does not assist in the administration of the house policies, access, inspections, etc. What recourse do we have? The board is timid about addressing these issues because he controls 24 units out of 75!
Hi,
I'm the president of the board of a self-managed coop of 40 apartments. We find ourselves in the situation where most shareholders have replaced old, single-glazed windows, but some have not. And the majority of our apartments still have flushometer toilets! We are interested in saving on heating and especially water costs and recognize that flushometers are costly in terms of water usage. But how do we get everybody's toilets and windows changed? How have other buildings handled this situation? Thanks in advance for any words of wisdom.
Hi All,
I am hoping you can help me out. We have a T Mobile antenna on our roof in an excellent location in the Bronx. The contract is on the last few months, and before we negotiate a new contract, I was hoping someone can provide me with a contact at Verizon, so we can have an additional company review our site.
Please feel free to email me if necessary, but any help would be appreciated.
Thanks
We recently had a top floor apartment cause water damage to all apartments below in the same line. The damage was caused by a toilet that was not properly maintained and overflowed.
Our managing agent tells us the coop cannot seek damages from shareholder to repair ceilings, walls, etc. due to a "waiver of subrogation" in our proprietary lease.
Can someone provide more detail on this? Is this standard?
Thanks,
David
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Yes. That apparently just happened to me. (It's hard to say precisely since, insanely, NYC co-ops, unlike Suffolk County, don't have to give a reason for turn-downs, which invites all sorts of favoritism and inside dealing.)
My ex-husband wanted to buy me out. I gave him a break on the price -- not a fire-sale price by any means, and one within appropriate bounds of a soft market where the co-op has been up for sale many weeks.
Apparently, that price was too low for the board, which wants to keep average sales prices up. That's great in theory, and in a normal market. But this market is DOWN, and to force homeowners into financial turmoil because of some UNREALISTIC notion of what an apartment goes for in this market is hugely misguided and even cruel.
So we're stuck. We can't get buyers to pay a price high enough for the board will accept. In effect, we're not ALLOWED to sell our apartment. We need new legislation like in Suffolk County. Boards with unfettered power cause grievous suffering.
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