CooperatorNews New York, The Co-op & Condo Monthly

New this week

Hand banging wooden gavel in black and white pop art digital collage art style. Justice and law concept. Legal dispute resolution.

Holding Your Co-op Shares in a Trust: Pros & Cons

An Expert Analysis

Most of us hold our co-op shares individually or jointly with a spouse or partner. Co-op shares can be also held in a t…

Heating ventilation air conditioning concept with businessman catch on HVAC info graphic represent to applied cooling and heating system to building to control temperature and humidity for human

Heat Pump Conversions

The Pros & Cons

An Innovative Idea for LL97 Compliance

Distributed Energy Resource Developers

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.

Study: NY Metro Housing Stock is 3rd Oldest in U.S.

National Housing Shortfall Between 1.5 & 7.3 Million Units

FHFA, HUD Announce New Credit Scoring Models

Move Will Modernize Mortgage Processes While Balancing Risk

Management

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Beyond BBQs

Creative Summer Social Programming

If your board, manager, or social committee wants to make the most of “patio season” with some fun, out-of-the-ordinary…

Management

2026 May

Strategic Reserve Management

Tending Your Building’s Nest Egg

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2026 March

Management Trends Every NYC Board Should Watch

2026 February

Changing Management

Tips for Navigating the Transition

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2026 January

Wash Day

Multifamily Laundry Management

Finance

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Let Them Have Pups

The Downside of Pet Bans

According to the Pew Research Center, approximately 71% of American households own at least one pet. Nearly half of U.S.…

Finance

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2026 July

Recent Bill Aims to Calm Ground Lease Panic

A Close Look at NYS Assembly Bill A2619A

Coins are stacked with house icons on top, showing growth in real estate value with dollar signs.

2026 July

Rising HOA Fees

The Upward Spiral

Fees Wooden Blocks On Increasing Coins Stacks

2026 March

Funding & Fiduciary Responsibility

Setting Proper Maintenance Fees

Reston, Virginia, USA- march 1, 2020: Freddie Mac office in Reston, Virginia, USA. Freddie Mac is a public government-sponsored enterprise (GSE).

Mortgage Rates Decrease to Lowest Level in Over a Year

Freddie Mac Releases New Survey

On The Board

Property Management Tales and Takeaways

The ever-changing, often unpredictable nature of their industry requires professional property managers to be adaptable.…

New Alteration Agreement Form for Condos Adopted

Standardization Will Help Boards Modernize & Reduce Risk

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2026 January

Insurance Coverage in the New Year

It’s Expensive Out There

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2025 December

The Board Package

Balancing Power With the Law

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2025 July

Just a Minute

Maintaining Your Board’s Records

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

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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

New York, NY, USA, 12-05-2023 New York City night time street scene with scaffolding parking garage entrance and pedestrians. Editorial use only.

Sidewalk Sheds—Expensive Eyesores

Sidewalk sheds are a frequent sight—and frequently a point of contention—across all five boroughs. Put up to facilitate …

2026 May

Local Law 126–Garage Inspections

Preventing Structural Failures

A residential ceiling showing severe water damage with bubbling, discoloration, and stains, likely caused by a leak. The affected area highlights the urgency for repairs to prevent further structural issues. Ideal for illustrating water damage restoration, home repair services, or property maintenance needs.

2026 April

The Battle Against Leaks

Recognize, Locate, Eliminate

Carpet chemical foaming, rubbing and cleaning with professionally disk machine. Concrete floor regular cleanup. Cleaning service.

2026 March

The Post-Winter Glow-Up

Simple Spring Cleaning Tips

New York, New York, USA at New York City Hall in the morning time.

2026 March

Local Façade Law Overview

Different Cities—One Goal

Sidewalk Sheds—Expensive Eyesores

Sidewalk sheds are a frequent sight—and frequently a point of contention—across all five boroughs. Put up to facilitate …

2026 March

Local Façade Law Overview

Different Cities—One Goal

Block of historic buildings along Duane Street in the Tribeca neighborhood of New York City NYC

Preparing for Façade Work

Steps to Take Before the Scaffold Goes Up

Hoboken, NJ, USA: A meticulous house restoration project featuring a striking brownstone entrance and a stunning building facade renovation.

Access Agreements Bill Awaits Hochul's Signature

New Law Aims to Bring Clarity to a Gnarly Process

New York, USA - April 24, 2022: Exterior of New York's Petrossian restaurant is housed in the historic Alwyn Court Building on Manhattan's West Side

2025 March

Exterior Repair & Maintenance in Historic Buildings

Good Old Things

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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

Building Pros Form Manhattan Vendors Group (MVG)

Consortium Aims to Connect Vendors Serving Co-ops & Condos

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

Design

Close-up of hands cutting upholstery fabric with large scissors while restoring vintage furniture in a workshop.

Updating Your Lobby Furnishings

Reupholster, or Replace?

Common Area Design

Balancing Form & Function

Mailbox & Package Room Design

More Than Just Boxes & Keys

Spring Awakening

Sprucing Up for the Season

Aesthetic Rules

Balancing Community Value with Individual Rights

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

News

7/2/2026 Inside the swanky midtown building near Billionaires Row where staff finally said enough and walked out - New York Post

Residents at a swanky Midtown West condominium near Billionaires Row are getting a crash course in DIY living this week after their building staff walked off the job, leaving million-dollar apartment owners to open their own doors and haul their own trash.
Read full story

7/1/2026 Gateside surrenders $44M units in luxury condo building to avoid foreclosure - Crain's

Real estate firm Gateside Corporation has surrendered two of its units in Lenox Hill’s luxury condo tower The Royale to stave off foreclosure.
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6/29/2026 Luxury NYC Co-ops Are Outselling Condos for the First Time in 4 Years - Realtor.com

For the first time since October 2022, elite New Yorker homebuyers opted for the co-op over the condominium, according to a new report.
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6/25/2026 $15M penthouse in a gold cupola high above Fifth Avenue heads to auction this month - 6 sqft

Just in time for those trillion-dollar IPOs, a unique trophy penthouse will be up for auction this summer. Set into the iconic golden cupola atop the Sohmer Piano Building at 170 Fifth Avenue, adjacent to the Flatiron Building, this renovated penthouse condo has pride of place on the New York City skyline. The commanding sky palace, spanning over 5,000 square feet on two floors with a private roof deck, is asking $14.9 million. In an upcoming auction, bids are expected to start between $6 million and $9 million.
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6/23/2026 New Brooklyn condo development lands $75M construction loan - Crain's

A ground-up condo development in Flatbush has received a big financial boost.
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6/18/2026 This Upcoming N.Y.C. Condo Will Offer Just 5 Apartments - Robb Report

Not everything in the Big Apple is all that big. Robb Report got an exclusive first look at 44 West 8th Street, a new luxury condo coming to Greenwich Village that will bring just five residences to the upscale Manhattan neighborhood.
Read full story

6/15/2026 NYC condo sues former ‘SNL’ band member who tore through building in a violent rampage — seeking a forced sale of his home - New York Post

An Upper West Side condo is seeking to force a former “Saturday Night Live” band member from the building — and, no, not for playing jazz too loud.
Read full story

6/12/2026 New York just extended the J-51 tax abatement. Here are five key details condo and co-op boards need to know - Brick Underground

Governor Kathy Hochul’s $269 billion state budget revived a crucial tax break aimed at helping co-op and condo buildings complete essential capital improvements. The J-51 tax abatement, which was set to expire at the end of the month, is now back with expanded eligibility and bigger benefits. “We hit a three run triple,” said attorney Bruce Cholst, a partner at Herrick, Feinstein who was involved in lobbying for the legislation.
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6/9/2026 Bennett LeBow’s N.Y.C. Condo in Photos - Robb Report

The veteran investor and his wife, Jacqueline Finkelstein-LeBow, are selling their palatial 64th-floor pad at Manhattan's 432 Park Avenue for $90 million.
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6/5/2026 New York judges deal setback for Harry Macklowe in 432 Park legal battle - Real Deal

A New York appellate court ruled against the developer on Tuesday, rejecting his bid for indemnification in the long-running litigation over alleged construction defects at the Billionaires’ Row supertall. The developer’s argument hinged on his status as a member of the condo board from 2016 to 2020.
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6/2/2026 Luxury Development in NYC’s ‘Gritty’ East Village Quickly Sells Out as Last Penthouse Goes for $10M - Realtor.com

One of the last neighborhoods in Manhattan to retain some of the gritty allure of "old New York" is catching up in price point to swankier neighborhoods like the West Village and Chelsea. All 18 units ranging in price from $1 million to $10 million of an under-construction luxury development at 220 East 9th St. in the East Village sold out in 11 weeks, with the final unit going under contract just days ago.
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5/29/2026 $6M NYC condo to be forfeited by court order in the multibillion-dollar 1MDB sovereign wealth fraud - New York Post

The US government has obtained a judge’s order for the forfeiture of a $6 million luxury condo in the Flatiron district bought with money stolen from 1MDB, a Malaysian sovereign wealth fund at the center of one of the largest financial frauds in history, Gimme Shelter has learned exclusively.
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5/22/2026 Changes to lending rules from Fannie Mae and Freddie Mac alarm NYC condo buildings - Brick Underground

New York City condo buildings where buyers tend to rely on conventional financing face a looming deadline. New, stricter lending guidelines are going into effect with the potential to limit mortgage eligibility, shaking up many condo buildings across the city.
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5/20/2026 First look at Paragon, Long Island City’s first new waterfront condo in a decade - 6sqft

Here’s an exclusive look at the first new condo development built on the Long Island City waterfront in more than a decade. Developed by ZD Jasper and designed by Archimaera, the 23-story Paragon at 45-40 Vernon Boulevard incorporates the historic Paragon Paint Factory into the tower’s base.
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5/18/2026 This $22.5M maisonette offers townhouse privacy with classic Upper East Side co-op luxury - 6sqft

Known for their privacy and old-world Manhattan cachet, maisonettes often sound better in theory than in reality. But this massive 5,000-square-foot home at 2 East 70th Street on the Upper East Side, asking $22,500,000, delivers a reality that includes a private four-bedroom Fifth Avenue address, two floors of townhouse-style living, Central Park views, and all the perks that come with one of the city’s most coveted Rosario Candela co-ops.
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5/14/2026 Landmarked artists’ housing building on Billionaires’ Row is reborn as luxury condos - 6sqft

A landmarked building on Billionaires’ Row has been transformed into 47 luxury condos. Sales launched this week at Parc Beaufort, a 14-story tower at 140 West 57th Street originally built in 1908 as housing for artists. Led by the Feil Organization and MdeAS Architects, the conversion of the luxury condo preserved the building’s historic pre-war character while adding contemporary interiors by AD100 firm Stephen Sills Associates. Residences, ranging from studios to three-bedrooms, start at $955,000.
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5/12/2026 Another multimillion-dollar condo is selling at NYC’s famed Flatiron Building — as the highly anticipated conversion is nearly 33% sold - New York Post

Sales at the Flatiron Building certainly aren’t falling flat. Another unit inside the storied Manhattan edifice has entered into contract, according to Monday’s Olshan Luxury Market Report. The four-bedroom, 4.5-bathroom dwelling spans 3,889 square feet and asked $17.62 million for sale.
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5/6/2026 Renderings Revealed for Elodie At 439 East 77th Street on Manhattan’s Upper East Side - New York YIMBY

Renderings have been revealed for Elodie, a seven-story residential building under construction at 439 East 77th Street in the Lenox Hill section of Manhattan’s Upper East Side. Designed by ARC Architecture + Design Studio and developed in a joint venture between Salomon Cojab of Visabe Corp. and Jack Ezra Cattan of Urban Spring Capital called Grand Cru Real Estate, the 74-foot-tall structure will span 33,190 square feet and yield 16 condominium units with an average scope of 1,807 square feet.
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5/4/2026 The Pied-à-Terre Tax and Its Potential Revenues - Comptroller.NYC.Gov

A number of new taxes have been proposed this winter and spring to address the City’s structural budget gap. They range from a surcharge on high-income Personal Income Tax filers, to a partial recapture of the federal tax benefits accruing to Pass-Through Entity Tax filers, to higher rates for the City’s business income taxes, to higher real property transaction taxes on luxury properties at time of sale. One of the most likely, and possibly only, new tax revenue to be included in the FY 2027 State budget is a tax on pied-à-terre properties in New York City.
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4/30/2026 First look at The Morgan, an 18-story luxury condo rising on a tree-lined block in Murray Hill - 6sqft

The first images have been revealed for a new 18-story luxury condo taking shape on a tree-lined block in Murray Hill. Developed by the Continuum Company and Aksoy Holding and designed by INC Architecture & Design, The Morgan at 38 East 35th Street will include contemporary residences ranging from studios to three-bedrooms, along with select duplexes and penthouses. The developer has also launched a teaser website for the building along with the newly released renderings.
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Q&A: No Notification and Major Damage

Beyond BBQs

Let Them Have Pups

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