CooperatorNews New York, The Co-op & Condo Monthly

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NYC's Biggest & Best Co-op, Condo, & Apt. Expo is Back - and VIRTUAL

All the Seminars, Advice Booths, & Exhibitors, Delivered Digitally

Over the past year, you may have been one of the many who tuned in to CooperatorEvents’ popular webinar series - but did…

The Return of Short-Term Rentals?

An Old Problem May Soon Resurface

An 'Un-Gentrification' Project in Harlem

Construction Underway at Marcus Garvey Village

2 Big COVID Vax Questions for Property Workers:

Can They Get Them Now? Should They Be Required?

NYC Metro Has 3rd Lowest Minority Homeownership Rate in US

New Mexico, Hawaii Top the List

Management

Board Style & Management

Hands-on vs. Hands-off

Condos and co-ops are unique in their management structure, of which there are two levels: the board of the association …

Management

2021 January

Self-Management in Stressful Times

Some Communities Go it Alone—Others Outsource

2021 January

Inspection Timetables

Maintaining Maintenance, Keeping Your Building Healthy

2021 January

Management in Crisis:

How the Pandemic Changed an Industry

2020 November

Virtual Governance

How Co-ops & Condos Hold Meetings Distantly

Finance

Home Office Expense?

Don't Deduct That Just Yet

As we all know - and are probably sick of hearing at this point - the past year has been a time like no other. Many of …

Finance

NYC Residents Pay $5,633 in Annual Property Taxes

City Ranks Sixth Highest in the Nation

Anatomy of a Condo Loan

One Building's Case Study

Using Reserves to Cover a Cash Shortage

Two More Views on a Possible Financial Lifeline

2020 July

The Price is…Right?

Adjusting Valuations for Pandemic’s Impact

On The Board

Getting Residents Interested in Board Service

Overcoming Apathy

While residents generally like the idea of community that living in a condominium or co-op provides (that’s why many opt…

2021 March

Board Style & Management

Hands-on vs. Hands-off

Airbnb vs. COVID-19

Governors, Boards & Residents Support Short-Term Rental Ban

2020 May

Social Distancing in Co-op & Condo Buildings

Living Apart, Together

2020 May

We’re All in This Together

One Co-op’s Response to the COVID-19 Crisis

Technology vs. COVID-19

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

It’s become axiomatic that over time, technology gets smaller, more efficient, and more capable of multiple increasingly…

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

Managing Multifamily Buildings

What Are the Biggest Challenges?

Communicate...and Then OVERcommunicate

Tips for Getting Residents Involved, Engaged, & Informed

A few years ago, I was on the phone with a homeowner. He was irate with how his community’s money was being spent. He wa…

Helping Older Neighbors During the COVID-19 Pandemic

4 Things You Can Do

March 20, 2020

Vulnerable Residents

Safety for All

Conflict in Client Communities

What's the Manager's Role?

Managing Conflicts

How Managers Make Peace

Maintenance

Managing Exterior Repair Projects

Advice from a Legal Pro

Leaks are a common problem in multifamily buildings, including co-ops and condominiums. It’s not unusual to see watermar…

2020 November

Climate Change & Building Maintenance:

The Chicken & the Egg

2020 November

Cleaning Through COVID

Maintaining Sanitation—and Sanity—in Multifamily Housing

NYC to Explore Using Drones for Facade Inspections

City Council Orders DOB Study

Dealing With Construction Damage

Protecting Your Property and Residents

NYC to Explore Using Drones for Facade Inspections

City Council Orders DOB Study

The Greenpoint Post reports that the New York City Council passed a bill on September 16 requiring the Department of…

2020 April

When Interior Renovations Become Exterior Issues

Coping With Construction

Window Deterioration

Recognizing the Main Culprits

Local Law 97

How Will it Affect Your Building?

Spring Maintenance

Warmer Days Ahead

Spring Maintenance

Warmer Days Ahead

Though 'winter' in these days of shifting, warming climate tends to involve more chilly rain and slush than the snowdrif…

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!

Pest Issues in Multifamily Buildings

What Are the Toughest Ones to Address?

Organizations

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

BTEA Announces COVID-19 Resource Center

Online Center to Provide Up-to-Date Information for Contractors

Design

Luxury Lobbies

Sought-After Amenity...or Artifact?

Snow, Salt, & Scent Design

Preparing for Inclement Weather - and Moods

What's Happening in Design

Adapting Common Spaces to the New Normal

Seeking Safe Outdoor Spaces

Roof Decks Become Even More Valuable During COVID

Fitting in Fitness

How to Get the Most out of an In-Building Gym

Insurance

Insurance Coverage vs. COVID-19

Co-ops & HOAs May Be Left Holding the Bag

The NY Policy Holders Protection Act

What's it to You?

A Hard Market

Understanding the Current Insurance Cycle

The Claim Conundrum

When to File vs. When to Pay

Warranties and Service Agreements

What You Should Know About Coverage

News

3/5/2021 Jimmy Fallon’s Playful New York Penthouse Lists for $15 Million—Mansion Global

Jimmy Fallon bought his first apartment, a one-bedroom bachelor pad in a historic co-op building on the east side of Manhattan’s Gramercy Park, for $850,000 in 2002.
Read full story

3/5/2021 Home Sellers in Brooklyn, Manhattan Logged a Rip-Roaring February—Mansion Global

Deals to buy homes in Brooklyn and Manhattan in February surpassed levels in December and January combined, according to a report Thursday from Douglas Elliman.
Read full story

3/5/2021 Declining Covid Cases and Vaccine Rollout Boost Economic Prospects Across U.S.—Barron's

Economic growth picked up a bit across most parts of the country in recent weeks as coronavirus infections ebbed and vaccines got more widely distributed, according to the Federal Reserve’s latest collection of anecdotes from its 12 districts.
Read full story

3/5/2021 Do the shuffle: Dead spaces are coming to life in NYC’s luxury buildings—New York Post

No matter how swish the building, thanks to the pandemic, amenities just aren’t what they used to be.
Read full story

3/5/2021 New York Legislation Would Prohibit Eviction Without Good Cause—Lexology.com

Twenty-four members of the New York State Senate on Jan. 27, 2021 introduced S-3082, and 43 members of the New York State Assembly on Feb. 19, 2021, introduced A-5573 (collectively, the bills), which would preclude the owners of cooperatives, condominiums, hotels and rental buildings from being able to evict a tenant, subtenant, or someone without a lease or other occupancy agreement (broadly defined as a "tenant") unless the landlord can demonstrate good cause for the eviction.
Read full story

3/5/2021 Developer Matt Lee to auction off East Village condo—The Real Deal

Developer Matt Lee’s decision to auction off a condo unit online later this month recalls another dire time in New York City’s new development market.
Read full story

3/3/2021 Extell Nabs $146M Condo Inventory Loan for The Kent in Manhattan—Commercial Observer

Global investment firm GTIS Partners has provided a $146 million condominium inventory loan to a partnership between Extell Development and CL Investment Group for nearly half of the 104 residences comprising The Kent in the Upper East Side, Commercial Observer has learned.
Read full story

3/3/2021 Lawsuit challenges New York eviction ban’s constitutionality—The Real Deal

Five small landlords have sued New York attorney general Letitia James, arguing that the new blanket moratorium on evictions is unconstitutional.
Read full story

3/3/2021 Instead of a Balcony, How About a Garden Apartment?—The New York Times

Pandemics and potential health threats posed by living in close quarters have long had an impact on the way homes have been built.
Read full story

3/3/2021 In-house experts are new luxury tower perks: From fly fishing to feng shui—NY Post

Erica Feidner, 56, a former concert pianist and salesperson for Steinway, loves hanging out in the wine tasting room, lounging in the library or even attempting a bit of yoga in the studio at her building at 21 West End on the Upper West Side.
Read full story

3/3/2021 City Finances 30,000 Affordable Homes in 2020—CityLand

The newly financed homes keep New York City on track to meet its goal to provide 300,000 affordable homes by 2026.
Read full story

3/3/2021 Who’s Falling Behind On Taxes In Brooklyn?—Bklyner.

Hotels, parking garages, condos, walk-up apartment buildings – everywhere you look, Brooklyn property owners are behind on paying their property taxes, way above the city average, with no relief in sight.
Read full story

2/25/2021 Finally, almost move-in day at East Hampton Town's first affordable condos—Newsday

Residents of East Hampton Town’s first affordable housing condominium complex are finally expected to move in this weekend following nearly 15 months of delays tied to air-quality concerns.
Read full story

2/24/2021 Owners $1.3B behind on property tax payments—Real Estate Weekly

City Comptroller Scott Stringer today reported that, as of February, $1.3 billion in real estate tax payments were overdue – equal to 4.5% of the total $29.6 billion due.
Read full story

2/24/2021 April Tyler, Tenacious Harlem Housing Advocate, Dies At 60—Patch.com

April Tyler, a prominent activist in West Harlem who fought for affordable housing as a district leader and community board member, died suddenly this week at the age of 60.
Read full story

2/24/2021 It’s Time To Fix the Co-Op Problem—Law.com

Governor Cuomo signed the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (L. 2020, c. 381; COVID Relief Act) on Dec. 28, 2020 providing needed and welcome, albeit temporary, housing security for many vulnerable New Yorkers as the State recovers from a continuing health pandemic.
Read full story

2/24/2021 Exclusive: Introducing Greenwich West, New York City’s First Tower Built By A French Female Architect—Forbes

Classic Parisian style has landed in New York City’s Hudson Square neighborhood, adjacent to SoHo and Tribeca.
Read full story

2/24/2021 DeNardo Bankruptcy Staves Off UCC Foreclosure on Westchester Condo Development—Commercial Observer

A virtual uniform commercial code (UCC) foreclosure auction that was scheduled to take place today on a luxury condominium development site in Westchester County has been staved off by a Chapter 11 bankruptcy filing by the developer, Commercial Observer has learned.
Read full story

2/24/2021 See the new Long Island City condo tower anchored by Trader Joe’s—6sqft

A new condo building in Long Island City is offering buyers a rare amenity in New York: private outdoor space.
Read full story

2/23/2021 Appeals Court Focuses on Meaning of Four-Letter Word to Block Suit Against Two Bridges Development Plan—The Broadsheet Daily

A coalition of community groups opposed to three massive real estate developments planned for the Lower East Side were dealt a setback on Tuesday, when the Appellate Division of the New York State Supreme Court reversed a trial-court ruling from last year that said the projects were required to undergo a more rigorous form of public review before final approval.
Read full story

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Recent Articles

NYC's Biggest & Best Co-op, Condo, & Apt. Expo is Back - and VIRTUAL

The Return of Short-Term Rentals?

An 'Un-Gentrification' Project in Harlem

Q&A: Unresovled Mold Problem

Q&A: Statute of Limitations on Condo Balcony Alteration