CooperatorNews New York, The Co-op & Condo Monthly

New this week

32BJ SEIU Union Sets Date for Strike Vote

Service Workers Members to Decide on April 15

According to a March 26 press release from the Service Employees International Union 32BJ SEIU, the union has set April …

Reminder: 2026 Deadlines for DOB Sustainability Laws

Filing Deadlines, Extensions, & Further Information

New Alteration Agreement Form for Condos Adopted

Standardization Will Help Boards Modernize & Reduce Risk

Yes No Sign With Check Mark And Cross Sign, Label, Banner, Template, Vector

New Rules for Co-op Applications

Transparency & Clearer Communication

Report: Home Prices Surge Past Incomes

Prices Up 207% Nationwide Between 2000 and 2024

Management

Real estate search or investment. Buying property concept, woman looking home on market. Buy or rent house online, vector illustration

Management Trends Every NYC Board Should Watch

New York City co-op and condo boards are facing a more complex, regulated, and expensive property management landscape. …

Management

2026 February

Changing Management

Tips for Navigating the Transition

Woman putting dirty laundry into washing machine, closeup

2026 January

Wash Day

Multifamily Laundry Management

Red car paked in underground garage with lots of vehicles

2026 January

LL126 - Garage Inspections & Repairs

What’s Included, When, and Who Pays?

Entering the new year, new beginnings, the 2026 letter construction business team

2026 January

The State of Property Management

A Look at What’s Happening in 2026

Finance

Fees Wooden Blocks On Increasing Coins Stacks

Funding & Fiduciary Responsibility

Setting Proper Maintenance Fees

Increasing residents’ monthly fees is never popular, but with insurance, labor, materials, utilities, code compliance an…

Finance

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

Cartoon illustration of man moving his home by carrying it on his back

NY Metro Mortgage Delinquency Rate Lower Than U.S. Average

Southern States Face Dire Numbers

Study: Middle-Class NY-NJ Metro Families Pay 3rd Highest Taxes in U.S.

Only SF Bay Area is Higher

Midtown Co-op Residents Face 450% Monthly Fee Increase

Long-Term Ground Lease Triggers Chaos

On The Board

New Alteration Agreement Form for Condos Adopted

Standardization Will Help Boards Modernize & Reduce Risk

After several years of work, a new alteration agreement form for condo units has been approved by both the New York City…

Insurance policy document concept, Businesswomen checklist insurance document online, Transportation, Travel, Cargo, Family, Healthcare, Financial Information and conditions, benefits from insurance

2026 January

Insurance Coverage in the New Year

It’s Expensive Out There

Parcel packaging box icon 3d rendering element

2025 December

The Board Package

Balancing Power With the Law

Close up Office employee working with documents at business desk in a business office

2025 July

Just a Minute

Maintaining Your Board’s Records

2025 June

Protecting Your Reserves

The Key to Your Association’s Financial Health

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

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

The Post-Winter Glow-Up

Simple Spring Cleaning Tips

Spring cleaning in a multifamily building is as much about protecting value, reducing liability, and showing residents t…

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

2026 March

Local Façade Law Overview

Different Cities—One Goal

Bronx, NY, USA - JANUARY 19, 2014: man shoveling during snow storm .

2026 January

Snow & Ice Management

Reducing Risk While Watching the Bottom Line

Observing With A Camera, A Technician Inspects Oil Refinery Pipes Using Drone

Drones Over New York

How Tech is Making Local Law 97 Inspections Faster & More Accurate

House, miniature cottage in hands of woman wearing mittens and warm clothes outdoor in snow. Deal for real estate, purchase, construction, relocation, mortgage. Cozy home, Christmas, new year booking

10 Winterization Tips for Older Buildings

'Treat Your Heating System Like Family'

Local Façade Law Overview

Different Cities—One Goal

Most U.S. municipalities have local laws on their books governing how exterior building façades must be inspected, maint…

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

Buiding Inspector completing an inspection form on clipboard beside new build construction

2024 November

Exterior Safety Inspections

Why You Need Them, & When to Do Them

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

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

3/27/2026 Ultra-luxury NYC condo has seen homes languishing for years in the decade since it launched — as it lacks 1 thing other buildings don’t - NY Post

No billionaire, no buzz. For Manhattan’s priciest towers, it often takes just one name to define a building. Ken Griffin did it at 220 Central Park South. Michael Dell helped do it at One57.
Read full story

3/26/2026 NYC Faces Possible Strike by 34,000 Doormen, Building Workers - Bloomberg

New York City apartment residents are being put on notice of a potential strike by building staff as soon as next month as the union representing the workers and an advisory board to building owners negotiate a new labor contract.
Read full story

3/24/2026 New York City Real Estate Surge: Canadian Investment Fuels Rapid Condo Development Across Brooklyn and Queens, Redefining Travel, Lifestyle and Urban Living - Travel and Tour World

New York City has long been a magnet for international investors, and Canadian buyers are making their presence strongly felt in 2026. Brooklyn and Queens have emerged as the most attractive boroughs for cross-border condo investment.
Read full story

3/20/2026 Even NYC Luxury Buyers Are Paying Attention to the Monthlies - Behind the Hedges

How are escalating common charges and insurance costs affecting demand for luxury condos versus co-ops in New York City, and where are buyers drawing the line?
Read full story

3/17/2026 $24.8M condo in NYC’s iconic Flatiron Building finds a buyer - New York Post

An 18th-floor residence asking $24.8 million in the Flatiron Building has found a buyer. Built in 1902, the famous, neighborhood-defining landmark at the intersection of Fifth Avenue and Broadway recently converted to 38 residential condos for the first time.
Read full story

3/12/2026 Mamdani unveils reforms to NYC’s sidewalk shed rules - 6sqft

While Mayor Zohran Mamdani may disagree with much of former Mayor Eric Adams’ agenda, the two align on one issue: removing New York City’s sidewalk sheds. Last week, the mayor announced a series of new initiatives aimed at removing longstanding scaffolding, with a focus on sidewalk sheds at public housing developments.
Read full story

3/11/2026 21-story condo conversion in Tribeca moves ahead - 6sqft

A former city office building in Tribeca that has been vacant for about a decade is one step closer to becoming a luxury residential tower. Manhattan Community Board 1 on Monday approved the expansion and conversion of 101 Franklin Street (formerly 250 Church), which will turn a 17-story 1940s building into a 21-story condominium with 72 apartments. The proposal heads next to the Department of City Planning.
Read full story

3/9/2026 Ex-chairman of Walt Disney buys $5M Tribeca condo - Crain's

An ex-Disney chairman has landed in Tribeca, paying $4.9 million for a condo there.
Read full story

3/5/2026 A $30M mint-condition NYC residence lists for the first time ever — complete with ‘His’ and ‘Hers’ living rooms - New York Post

A full-floor dwelling at the prestigious 845 Fifth Ave. co-op is on sale for the first time in nearly 60 years, looking nearly untouched from that long-ago era.
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3/3/2026 Billionaire British developer has sold his NYC townhouse for $55M after 6 days for sale - New York Post

British luxury developer Christian Candy and his wife, Emily Crompton-Candy, have sold their Upper East Side townhouse for $55 million after snapping up a condo along Manhattan’s Billionaires’ Row. The couple had purchased this stately limestone property in 2022 for $48 million, undertaking renovations before attempting to flip it for a sizable profit.
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2/27/2026 Dumbo penthouse closes for $16.25M, new record for Brooklyn sponsor condo - 6sqft

A full-floor penthouse at Dumbo’s tallest tower officially closed this week, setting a new record for the borough. Penthouse B at Olympia, a 33-story condo at 30 Front Street, sold for $16.25 million, becoming the highest price-per-square-foot ($3,297) deal ever for a Brooklyn sponsor condo. The home might look familiar; the condo was featured in Spike Lee’s 2025 movie “Highest 2 Lowest” as Denzel Washington’s fictional apartment.
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2/25/2026 New Empire Corp. to build 130 condos on $37.9M Kips Bay assemblage - Crain's

A Midtown developer plans to replace a quartet of low-rise buildings in Kips Bay with a 14-story condo tower, the latest project from a firm that's been active in the neighborhood for years.
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2/23/2026 New condo planned for vacant Chelsea lot next to the High Line - 6sqft

A vacant Chelsea development site once owned by the late New York City developer Brandon Miller has sold for $53 million and will become a new condo building. Adirondack Capital Partners on Monday announced that Toll Brothers purchased the roughly 12,000-square-foot parcel at 118 10th Avenue from Benny Barmapov, with plans to build an 85,000-square-foot condominium. Miller had previously planned a 10-story, 100,000-square-foot office building on the site, according to The Real Deal.
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2/20/2026 NYC’s oldest intact apartment building has listed for $15M - New York Post

A nondescript Gramercy Park walk-up is considered to be Manhattan’s oldest intact apartment building. And now, it’s for sale. The $15 million listing at 129 E. 17th St. would be the first time the historic property has sold in more than two decades, according to city records. Listing agent Haley Hasho of Exodus Capital represents the sellers.
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2/18/2026 This historic Syracuse factory just became 38 affordable condos — priced as low as $127,000 - Syracuse.com

Thirty-eight condominiums that each come with a $220,000 state subsidy are up for sale in a former Syracuse factory building that dates to the 1880s.
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2/11/2026 30-story condo will be the tallest building in Greenwich Village - 6sqft

The tallest building in Greenwich Village is moving forward. Construction financing was secured last week for a new luxury condominium at 11 West 13th Street, a planned 30-story tower with 34 residences that will rise well above the neighborhood’s next tallest buildings. Despite backlash from preservationist groups, which filed a zoning challenge with the Department of Buildings, the project is moving ahead, after developers Legion Investment Group and EJS Group secured $190 million in construction financing last week.
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2/10/2026 Luxury New York City Building Fuels Condo Sales—but Residents Will Have To Wait Until Next Year To Move In - Realtor.com

Frigid temperatures may be gripping Manhattan, but the luxury real estate market is anything but frozen. Trophy properties—valued at $10 million and above—led the wave of luxury contracts signed. In total, 36 properties went under contract for the week ending Feb. 8, with 13 being trophy properties, according to the Olshan Realty Luxury Report.
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2/6/2026 Manhattan’s luxury housing market is roaring back toward 2016 peak thanks to Wall Street bonuses - NY Post

Manhattan’s luxury housing market is quietly edging back toward its mid-2010s swagger after a decade marked by excess, collapse and recovery. And this time, the rebound appears to be powered by real money, not just empty supply. New data shows the borough’s priciest homes are nearly back to their 2016 highs, a milestone last seen during the condo boom that reshaped Manhattan’s skyline.
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2/4/2026 NYC’s top deals: Pontiac Land Group sells MoMa tower condo for $30M - Real Deal

There were 222 transactions totaling $354 million filed in New York City records from 4 p.m. on Friday, Jan. 30, through 4 p.m. on Monday, Feb. 2, 2026.
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2/2/2026 My NYC condo flooded during the winter storm — I wish I had these 3 items on hand - NY Post

They don’t make them like they used to. Moving into brand-new construction is always a bit of a gamble, but I never expected to deal with two floods in the first year of living in my Brooklyn condo. That is, until this week’s Polar Vortex swept through, exposing some serious flaws. Lesson learned.
Read full story

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Recent Articles

32BJ SEIU Union Sets Date for Strike Vote

Reminder: 2026 Deadlines for DOB Sustainability Laws

New Alteration Agreement Form for Condos Adopted

Q&A: Can Treasurer Change Maintenance Increases?

Q&A: Overbearing Manager