New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

MANHATTAN

The co-op board must approve all transfers, and there are no guarantees.

Iconic building is part of a post-pandemic trend of office-to-residential conversions in New York City.

Maintenance costs likely to increase as boards deal with new lending landscape.

Two floods in his penthouse apartment inundated elevator shafts, hallways and other apartments.

Denial of support animals — parrots — plus retaliation bring co-op massive fine.

Co-ops and condos are taxed as though they were market-rate rental buildings.

Governing documents tell who's responsible for fixing building flaws.

Boards need to remain vigilant even as Local Law 18 curbs illegal sublets.

In Manhattan, 63.4% of sales in the first quarter were all cash, the third-highest in a decade.

The board can amend the lease to include late fees and seek possession in housing court.

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Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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