CooperatorNews New York, The Co-op & Condo Monthly

New this week

VIDEO: Composting is Now Mandatory in NYC

Tips for Getting Residents Onboard

Collecting food scraps for curbside composting pickup is now mandatory in NYC, with the Department of Sanitation (DSNY) …

Selling A Home as a group of diverse home buyers reaching for real estate success in a seller market as a symbol for buying a house and affordability challenges to residential ownership.

NY Rep. Introduces Multifaceted Housing Plan

Bipartisan Reforms Would 'Incentivize Construction, Reduce Unaffordability'

Water droplets on the rubber membrane. Waterproofing... Close-up selective focus area.

The Slush is Coming

Time to Start Winterizing Your Entry Hall or Vestibule

Judge gavel on the table with blurry books in the background

Court Foils Attempt to Block Corporate Transparency Act

CAI’s Motion Denied

Icon for refinance, reinvestment, economy, mortgage, home, price, finance, borrower, equity, considerations

Refinancing in a High Interest Environment

Boards Have Few Attractive Options

Management

CooperatorEvents Returns to Javits Center - Register FREE at coopexpofall.com!

Tuesday November 19, 10AM - 4:30PM

Boards and managers in the tristate area and beyond know what a tall order it is to run a co-op, condo, or HOA; from str…

Management

Reduce CO2 emission and carbon footprint, green business. Limit global warming and climate change. Sustainable development, carbon neutral industry.

2024 October

Funding Your Decarbonization Project

Resources & Recommendations

Portrait of senior friends taking care of vegetable plants in urban garden in the city. Pensioners spending time together gardening in community garden in their apartment complex. Nursing home residents gardening outdoors. Senior sisters have same hobby.

2024 September

Managing Aging Residents Adapting to Changing Needs

Adapting to Changing Needs

Pile of junk in a house, hoarder room pile of household equipment needs clearing out storage

More Than a Mess

Dealing With Hoarding Syndrome

Collage of group of young people over colorful isolated background skeptic and nervous, disapproving expression on face with crossed arms. Negative person.

2024 July

Everybody Hates Assessments

Handling the Unpleasant Inevitable

Finance

Refinancing in a High Interest Environment

Boards Have Few Attractive Options

In addition to death and taxes, fluctuating interest rates are pretty much a guaranteed fact of life. That reality raise…

Finance

Financial literacy and investment. Handbook of knowledge in money management. Stock market. A young man or businessman reading a financial manual.

2024 July

Financial Literacy for Board Members

Knowing More = Governing Better

Steep Land Lease Increases Could Be a Nasty Shock for Co-ops

Carnegie House Offers a Cautionary Tale

3D illustration of a rubber stamp with the word refinance over a mortgage lender rate sheet. Debt consolidation and debt or loan refinancing concept.

The Uncertainties of Refinancing Your Underlying Mortgage

Today’s Interest Market Poses Challenges

Coin with arrows concept for funds transfer

Don't Bet on Flip Taxes

A Slower Market = Less Revenue for Buildings

On The Board

The Role of the Board President

Your Community’s Chief Administrator

Just as a ship cannot steer without its captain, a board cannot function effectively without its president. Serving as t…

New rules alarm message on a wooden desk in a bright indoor environment

2024 October

Amending Bylaws and House Rules

When & Why

Lease Agreement Documents with Glasses, Pen and Calculator

Commercial Leases in Co-ops & Condos

Blessing, or Burden?

Financial advisor on legacy planning concept. Inherit house or real estate from parents, passing an inheritance to children, father giving house, wealth or property to his children small hand

A Matter of Will

When a Resident Dies Intestate

Residential multifamily modern buildings

2024 June

Navigating Building Decarbonization

Strategies for Multifamily Boards & Owners

CooperatorEvents Expo New York Returns - In Person - to a NEW LOCATION!

The Must-Attend Event is Back - at the Javits Center!

On Thursday, October 28, 2021, board members, managers, building owners, and co-op and condo residents from around t…

2020 December

Technology vs. COVID-19

Co-ops & Condos Use Tech Tools to Beat the Virus

2020 October

Supporting Essential Building Workers

How to Show Your Staff You Care

Conflict in Client Communities

What's the Manager's Role?

Managing Conflicts

How Managers Make Peace

Set of hands with posters, a megaphone, signs, banners and placards. Vector illustration in doodle style.

Free Speech vs. House Rules

Balancing Both in Contentious Times

The First Amendment of the US Constitution guarantees the right to free speech and expression - but how does that right …

Neighbor Noise

When Enough is Too Much

Communicate...and Then OVERcommunicate

Tips for Getting Residents Involved, Engaged, & Informed

Helping Older Neighbors During the COVID-19 Pandemic

4 Things You Can Do

March 20, 2020

Vulnerable Residents

Safety for All

Maintenance

The Slush is Coming

Time to Start Winterizing Your Entry Hall or Vestibule

As the leaves change and the weather cools, it’s time to make like the squirrels and start preparing for winter. For sha…

Figure of house and warm clothes on heating radiator. Home heating expenses and savings concept.

2024 October

Essential Pre-Winter Maintenance

Battening Down the Hatches

Natural cleaners concept. Woman holding eco friendly home cleaning ingredients, white vinegar, lemon, baking soda, citric acid concept.

2024 September

Understanding Green Cleaning Effectiveness, Sustainability, & Best Practices

Effectiveness, Sustainability, & Best Practices

Liability, Responsibility…and Lint

Who's in Charge of Your Laundry Room?

Air conditioner technician repairing central air conditioning system with outdoor tools

It's Getting Warmer...

Time to Service Your HVAC System

Asia worker installing tar foil on the rooftop of building. Waterproof system by gas and fire torching

Roof Replacement 101

A Project Too Vital to Put Off

Nothing lasts forever, not even your roof. While roofs have a relatively long life compared to other building systems an…

Check mark, construction site worker, Engineer with whitelist board. remind your checklist concept. Vector illustration

2024 March

Façade Maintenance Laws

Repair Requirements Vary Across Markets

Roofer installing Roofing felt with heating and melting roll of bitumen roll by torch on flame

2024 March

Waterproofing Your Building Envelope

Protecting Structure & Health

Waterproofing flat roof with bitumen sealing membranes

Replacing Your Roof?

Consider These Add-Ons

It is an isometric illustration comparing whether the exterior wall survey of a building or condominium is done by scaffolding or drone inspection.

Cutting-Edge Tech for Building Inspections

AI & Drones Cut Costs, Improve Accuracy

Anti-cockroach icon, pest control, destruction of parasites, stop insect , black contour, isolated, white background

20% Of NY Metro Households Have Pest Problems

Aging Housing Stock Partly to Blame

The U.S. has long suffered from an inadequate supply of housing. From a slow recovery in new construction after the Grea…

Spring Maintenance

Warmer Days Ahead

What about the environmental impact of LED Lighting? How much energy does it save?

Lobby Decor

To Furnish, or Not to Furnish?

What Are the Most Effective Steps Boards Can Take to Fight Pests?

Hint: Keep it Clean!

Organizations

IREM Announces Diversity & Inclusion Succession Initiative Leaders

Program Fosters Leadership & Recognition of Underrepresented Groups

32BJ SEIU President Issues Statement on Pandemic & Police Brutality

"Our Members Find Themselves in Double Jeopardy"

IREM Establishes COVID-19 Relief Fund

27 Chapters on Board So Far

REBNY Launches Coronavirus Resource Hub

Connecting Members and Non-Members Alike

REBNY Launches First-of-its-Kind Fellowship Program

Group Aims to Cultivate Diversity in the Real Estate Industry

Design

Brick apartment building entrance in downtown NYC New York City with mailbox post mail boxes, empty corridor in evening night with nobody, secured area

Mailbox & Package Room Design

More Than Just Boxes & Keys

Spring Awakening

Sprucing Up for the Season

Aesthetic Rules

Balancing Community Value with Individual Rights

Mailboxes & Package Rooms

Practical Design in the Amazon Age

Grey is Gone in '24

Fresh Trends in Common Area Design

Insurance

Businessmen balance himself on percentage signs. Central bank money policy for inflation or interest rate, balance between profit and loss, financial challenge or risk, economic recovery concept.

Rising Insurance Premiums

High Costs Force Tough Decisions for Boards

Adequate Community Insurance Coverage

How Much is Enough?

Insurance Premiums Skyrocket

90% of Multifamily Communities Report Paying More - What's to Blame?

Financial, Physical, & Operational Health

How Does Your Association Measure Up?

Insurance in the Multifamily Setting

Knowing Who Covers What is Key

Upcoming Events

Tue, Nov 19, 10:00am – 4:30pm

CooperatorEvents New York Expo

Tue, Nov 19, 10:00am – 4:30pm

CooperatorEvents New York Expo

Jacob Javits Convention Center, 429 11th Ave, New York, NY 10001, USA map

Show more events

News

11/4/2024 The creative ways NYC’s avid cyclists store their bikes in their apartments - Brick Underground

New York City apartments can be so cramped some residents have trouble even fitting a bed inside. Yet somehow, the city’s most dedicated cyclists find room to keep their bikes inside (yes, multiple bikes).
Read full story

10/31/2024 A $40.5 Million West Village Condo Led Manhattan Housing Market Last Week - Mansion Global

Manhattan’s luxury real-estate market is seeing an uptick in activity, with 26 contracts signed for homes priced at $4 million and above during the week ending Sunday, according to Monday’s report from Olshan Realty.
Read full story

10/29/2024 Qatar splurges on plush $9.8M Greenwich Village condo — in latest NYC real estate power move - NY Post

The deep-pocketed Qatari government has expanded its already vast NYC real estate portfolio with the acquisition of a $9.8 million condo in the heart of Greenwich Village. Located at 64 University Place, the luxurious 2,600-square-foot residence is a small but significant addition for the Middle Eastern nation, known for its substantial investments around Manhattan.
Read full story

10/24/2024 NYC Lost $6.5 Million to Incorrect Tax Breaks for Condos, Co-Ops - Bloomberg Tax

New York City’s Department of Finance improperly gave tax breaks to hundreds of condo and co-op owners that didn’t qualify for the benefits, according to a new audit by city Comptroller Brad Lander.
Read full story

10/23/2024 Rudy Giuliani Is Ordered To Hand Over $6.5 Million New York Apartment to Georgia Election Workers He Defamed - Realtor.com

Disgraced former attorney Rudy Giuliani has been ordered by a judge to hand over his $6.5 million Manhattan apartment to two Georgia election workers who successfully sued him for defamation. Giuliani, 80, who previously served as a lawyer for presidential candidate Donald Trump, has been instructed to turn over his New York City home and all of his valuable possessions to Ruby Freeman and Shaye Moss, to whom he owes $148 million in damages.
Read full story

10/22/2024 3 key reasons why the owner vs. renter ratio matters when buying a NYC condo or co-op - Brick Underground

If you’re looking to buy a New York City condo or co-op, you might find yourself unknowingly considering a building where investors own—but don’t occupy—many of the other units. But that means you and your attorney have a lot to consider before you sign on the dotted line.
Read full story

10/14/2024 Exclusive: Hugh Jackman Makes Second Attempt to Sell ‘Spectacular’ Triplex Condo for $39 Million—One Year After Shock Divorce - Realtor.com

Hugh Jackman is making a second attempt to sell his $38.9 million “masterpiece” New York City apartment, two years after his first attempt to offload the triplex property failed.
Read full story

10/11/2024 Insurance honcho unloads High Line condo for about what he paid - Crain's

A global insurance executive has left the High Line. The three-bedroom at the Zaha Hadid building traded for $7.8 million.
Read full story

10/8/2024 Loft for Sale in a New York Building That Featured in ‘The Devil Wears Prada’ - Mansion Global

This grand loft-style condo is in a SoHo building, on Crosby Street in New York, that had a starring role in the 2006 film “The Devil Wears Prada,” serving as the sexy downtown bachelor pad of the fictional designer James Holt.
Read full story

10/4/2024 Rudy Giuliani Cuts Nearly $1 Million off His New York Condo - Mansion Global

In a rush to offload his Manhattan home, Rudy Giuliani has dropped the asking price by nearly $1 million. The former New York mayor is at risk of losing the Upper East Side condo, among other assets, to settle a defamation lawsuit filed by two Georgia election workers.
Read full story

10/3/2024 Why Owning (and Buying) a Florida Condo Has ‘Turned Into a Nightmare’ - New York Times

Ten years ago, Howard and Sheila Konetz bought themselves a Florida dream: an 1,820-square-foot condo in a leafy gated community north of Miami, complete with access to a country club, tennis courts and swimming pools. The $478,500 purchase would usher them into blissful semiretirement, they thought. With enough cash in the bank, the couple didn’t need a mortgage and downsized from their house in Miami Beach.
Read full story

10/2/2024 Food Network chef selling NYC home in iconic building with ‘million-dollar view’ - NY Post

Food Network champ, TV personality and cookbook author Chef Priyanka Naik is listing her Kips Bay home for $1.35 million. The one-bedroom, one-bathroom corner unit is located at VU New York, a new construction luxury building featuring views of the Empire State and the Chrysler Buildings.
Read full story

9/27/2024 Warwick Hotels honcho snaps up a condo by Central Park - Crain's

Richard Chiu, who founded the hotel group in 1980 in Midtown, paid $17 million.
Read full story

9/26/2024 Reality TV star broker Fredrik Eklund snags $3.35M NYC condo: ‘This will be one of downtown’s ‘it’ buildings’ - NY Post

Reality television star and real-estate broker Fredrik Eklund has purchased a $3.35 million condo at 64 University Place, according to city Department of Finance records filed this week. The under-the-radar, new-construction building comes with 28 units and sold out, off market, sight unseen “pretty immediately,” said Eklund, a top broker with Douglas Elliman.
Read full story

9/25/2024 Midtown’s first FHA-eligible luxury condo hits market - Real Deal

The Perrie, Midtown Manhattan's first new-development condo eligible for FHA mortgages, welcomes buyers who can't put 20 percent down.
Read full story

9/23/2024 They tried to evict her emotional support parrots. She won $165,000. - Citizen's Voice

For almost 20 years, a group of parrots and their owner lived at the Rutherford, a co-op apartment building in the ritzy Gramercy Park neighborhood of Manhattan. For almost as many years, the neighbors complained.
Read full story

9/19/2024 NYC’s waterfront is transforming into luxury leisure space, one park and condo tower at a time - Fast Company

The construction fences recently went down around Domino Square, the final public space to be completed in the $2.5 billion transformation of the Domino Sugar Refinery into an 11-acre mixed-use neighborhood. Designed by Field Operations, Domino Square is a striking, oval-shaped plaza in the Brooklyn neighborhood of South Williamsburg that is surrounded by redbud trees, pin oaks, and two types of pines, plus white and lavender flowers that will eventually cascade down Cor-Ten steel planters.
Read full story

9/17/2024 Former hedge fund chief pays $25M for penthouse at new High Line condo - Crain's

Finance exec Robert Shafir, who helped turn around the troubled hedge fund formerly known as Och-Ziff while paving the way for its eventual $720 million sale, has snapped up a penthouse at the Chelsea condo 1 High Line.
Read full story

9/16/2024 Mandarin Oriental developers snag loan for unsold condos - Crain's

The Mandarin Oriental residences at 685 Fifth Ave. Developers of the Mandarin Oriental residences on Fifth Avenue secured an inventory loan to help with the cost of unsold luxury condos at the building.
Read full story

9/12/2024 Consul general to New York to answer questions over $9M luxury condo purchase - CTV News

After weeks of pressure, Canada’s consul general Tom Clark will testify on Thursday before a House of Commons committee about the purchase of his new official residence in New York that generated a lot of political attention over the summer. It will be the first time Canadians will hear from Clark after reports emerged in July that the federal government had bought a new $9 million piece of luxury real estate for him to live in. The condo is located within the world's thinnest skyscraper on "Billionaire's Row" in Manhattan.
Read full story

Show more news

Recent Articles

VIDEO: Composting is Now Mandatory in NYC

NY Rep. Introduces Multifaceted Housing Plan

The Slush is Coming

Court Foils Attempt to Block Corporate Transparency Act

Refinancing in a High Interest Environment