NYC co-ops and condos face legal and financial challenges that have to be solved. Whether it's a question of how to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant or lawyer, co-op and condo board directors have to make decisions. The collection of articles here will help your co-op or condo board navigate these waters.
Co-op Board Hit With $3.5 Million Lawsuit Over Brown Water
September 19, 2023
Billionaire shareholder claims
Comptroller Report Says Pandemic Worsened Property Tax Disparities
September 08, 2023
Working- and middle-class co-ops and condos hit hardest.
Citywide Crackdown on Illegal Short-Term Rentals Begins Today
September 05, 2023
Under Local Law 18, thousands of apartment are off-limits to short-term rentals.
Retailer Sues Condo Board for $10 Million Over Lost Rent
August 30, 2023
Failure to approve a new ventilation system lands a cond-op board in court.
Pre-School Sues Condo Board Over Sidewalk Shed
Written by Bill Morris on August 29, 2023
Pricey school says shed on playground has cost enrollment and revenue.
3 Tips for Weathering Today’s Hard Insurance Market
Written by Paula Chin on August 24, 2023
Co-op and condo boards can take steps to control rising insurance costs.
It’s Hurricane Season. Do You Know the New Rules on Flood Insurance?
Written by Bill Morris on August 17, 2023
Co-ops and condos must give notice of flood history and current risk.
How Co-ops and Condos Can Win Big Cuts on Their Property Taxes
Written by Bill Morris on July 20, 2023
A building’s square footage matters when the city computes assessed values.
Lone Holdout Settles With Luxury Condo Developer
June 16, 2023
Little guy gets "enough to buy a place" from exasperated developer
Affordable Co-ops See New Tax Abatement as an “Important Tool”
Written by Bill Morris on June 15, 2023
The successor to the expired J-51 property tax abatement is cheered by co-ops.