CooperatorNews New York, The Co-op & Condo Monthly

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CooperatorNews at 45

Reflecting on Four and a Half Decades of Transformation

Back in 1981, New York City was a very different place. We were emerging from the 70s financial crisis; violent crime wa…

Sandbags for flood defense, river Moselle Trier in Rhineland Palatinate, flooded trees and paths, high water level, climate change

Here Comes the Flood

Protecting Your Building from Water Damage

Executive Order Targets Mortgage Costs

Impact on Condos & Co-ps Remains to Be Seen

"Three big black spiders as decoration on a wall, window grids, and an entrance door of an American house for a Halloween party. A huge spider web around covering whole house. Halloween in Manhattan, New York City."

Halloween in Your Building - Tips for Safe Spooking

Portrait, security guard or safety officer man on the street for protection, patrol or watch. Law enforcement, happy and crime prevention worker or asian male in uniform in city with service smile

LL61 Provides New Protections for Private Security Employees

What it Means for Co-ops & Condos

Management

CooperatorEvents New York Co-op & Condo Expo Returns to Javits November 17

Free Seminars, Exhibitors & Resources for Boards, Managers & Building Owners

Whether you serve on a co-op or condo board, manage residential properties, or own an apartment building in New York Cit…

Management

Male holding in hand mobile phone with different everyday application icons on home screen

2026 November

Managing by App

How Digital Tools & AI Are Changing Management

2026 November

More to Manage

New Rules, Rising Costs & Higher Expectations

2026 October

Taming the Annual Meeting

How to Keep Yours On-Task, On Track & Over On Time

Video call group business people meeting on virtual workplace or remote office. Telework conference call using smart video technology to communicate colleague in professional corporate business.

2026 October

Running Hybrid Meetings

How to Keep Them Legally Legit

Finance

Executive Order Targets Mortgage Costs

Impact on Condos & Co-ps Remains to Be Seen

According to a recent press release from the National Housing Conference (NHC) President Trump signed the "Decreasing Ho…

Finance

Collecting Arrears

Options for Co-op & Condo Boards

welsh corgi dogs and british longhair cat on sofa at home

2026 July

Let Them Have Pups

The Downside of Pet Bans

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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

On The Board

CooperatorEvents New York Co-op & Condo Expo Returns to Javits November 17

Free Seminars, Exhibitors & Resources for Boards, Managers & Building Owners

Whether you serve on a co-op or condo board, manage residential properties, or own an apartment building in New York Cit…

2026 June

Property Management Tales and Takeaways

New Alteration Agreement Form for Condos Adopted

Standardization Will Help Boards Modernize & Reduce Risk

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

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

Brick wall damage for home inspection report. Structural crack in residential brick exterior. Brick background with visible settlement crack. Diagonal crack in old brick building wall

Deferred Maintenance Can Become an Expensive Risk

For many co-op and condominium boards, building maintenance is viewed primarily as an operational responsibility. Roofs …

2026 November

What Your Façade Inspection Doesn't Tell You

yard keeper working tools to work on slippery sidewalk

2026 November

Winter Maintenance Supplies - Time to Stock Up

Multi-level blue metal scaffolding with wooden platforms erected against white brick apartment building under construction

2026 November

Maintaining Your Building Envelope

Inspections, Compliance & Tech

Repairman in red gloves taking a damaged heating element covered with limescale out of boiler. Electric Water Heater Maintenance and Repair. High quality photo

2026 November

Boiler Care & Maintenance

Home is Where the Heat Is

What Your Façade Inspection Doesn't Tell You

A façade inspection identifies conditions that require attention. Turning those findings into completed repairs is anoth…

Here Comes the Flood

Protecting Your Building from Water Damage

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

2026 May

Sidewalk Sheds—Expensive Eyesores

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

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

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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

Kitchen Blueprint Drawing Gradating Into Finished Build.

Kitchen & Bath Renovations

Rule #1 - Hire an Architect

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

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

11/6/2026 This $16 Million N.Y.C. Condo Comes With a Key to Gramercy Park - Robb Report

New York’s Gramercy Park has been locked to the public since the 19th century, but we have found a way in. One Manhattan condo not only gives you a front-row view of the famously private park, but also a key to get inside.
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10/26/2026 10-Story Mixed-Use Condo Quietly Kicks-Off - Urbanize New York

Construction activities are slowly beginning at 65 West Broadway, a site long dormant since the demolition of the previous structures occurred back in 2014. Fencing and sidewalk shed are now in place on the busy corner in Tribeca. Prosper Property Group has teamed up with American Subsidiary of South Korea's HM Group to lead the eventual 10-story, 24 unit condo project, which is being built by Prosper's affiliate First Standard Construction.
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10/20/2026 NYC sees biggest wave of homes for sale in four years - New York Post

It’s a seller’s sprint in the Big Apple. New York homeowners flung open their doors in September, putting 4,951 properties up for sale across the five boroughs, according to a new StreetEasy report. That’s the biggest monthly haul since the spring of 2022 and a 7.6% jump from a year earlier.
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10/19/2026 Billionaire ‘who built Beijing’ seeks expansive air rights for Upper East Side condo - Crain's

A real estate mogul and one of the world’s most celebrated female entrepreneurs who last year paid $63 million in cash for an Upper East Side assemblage where she plans to develop luxury condominiums is now seeking air rights from nearby landmark properties to build even bigger.
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10/16/2026 The Plaza Hotel Is Closing for 4 Years—Here’s What That Means for Its Condo Residents - Realtor.com

Next year, New York's iconic Plaza Hotel will close for renovations—and it's unclear what that means for the owners of its 181 luxury condo units. But the building's lead broker says he isn't worried it'll affect residents much.
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10/13/2026 Forget rooftop pools: Inside the first luxury condo that comes with a doctor on call 24/7 - New York Post

Forget the golf simulator and the pet spa. The hottest perk in luxury real estate is a doctor who commutes by elevator. When Frida Kahlo Wynwood Residences opens in Miami’s arts district, owners won’t have to hunt for a physician, sit in a waiting room or even put on shoes.
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10/7/2026 NYC developers shunning entry-level buyers — pushing city’s house prices even higher - New York Post

In Manhattan, a $1 million condo counts as “entry level” — and developers are building dramatically fewer of them. The supply of the city’s most affordable new-development condos is projected to plunge 74% through 2029 compared with the past decade, according to a new report from Corcoran Sunshine Marketing Group obtained by The Post.
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10/5/2026 A Judge Has Temporarily Blocked New York City’s Pied-À-Terre Tax - Robb Report

New York City’s new tax on pricey second homes has hit a roadblock just as homeowners were figuring out whether they would have to pay it.
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9/30/2026 The pros and cons of buying a co-op sponsor unit: No board approval required, but you'll pay a premium - Brick Underground

If you're looking to buy a co-op in New York City, the term "sponsor unit" may have caught your eye while scanning listings. This type of co-op apartment offers several advantages, including the ability to skip the board approval process—a huge relief for many buyers.
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9/24/2026 What New York buyers, sellers and boards need to know about the 2026 condo financing overhaul - Housing Wire

If you’re buying, selling or sitting on the board of a condo in New York right now, there’s a good chance your building’s finances just became a lot more important to your closing timeline. Starting August 3, Fannie Mae is rolling out a significant update to how it reviews and approves condo projects for conventional financing. Together, the changes represent one of the biggest shifts in condo lending standards in years, and New York’s older, densely packed co-op and condo stock makes this market one of the most exposed.
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9/22/2026 Condo owners are getting trapped in homes they can’t sell — as HOA costs and financing woes pile up - New York Post

Condo owners across America are discovering that their supposedly affordable homes may come with an expensive catch: They can be extraordinarily difficult to sell.
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9/18/2026 This Filmmaker Loves Movie Homes So Much, He Built a Mini One in His NYC Condo - Dwell

Filmmaker Lee Leshen has more than a passing interest in famous on-screen houses that are just as iconic as the media they appeared in. He produced the 2024 documentary, The House From…, about what it’s like to live in a movie- or TV-famous house, like Home Alone’s Georgian Colonial, the Golden Girls Palm Beach Regency, or Walter White’s ranch-style home from Breaking Bad. So when he decided to buy his own piece of real estate in New York City after riding out the pandemic in a 250-square-foot West Village studio, he knew it was going to be a creative project, not just a regular renovation. "When I was thinking about my next apartment, I thought, What if you had a nice apartment in Toontown sprinkled with a bit of Pee-wee’s playhouse?" Lee says. "It was going to be more Acme-themed."
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9/16/2026 Former Hotel Bossert in Brooklyn Heights to become Ritz-Carlton condos - 6sqft

A former Brooklyn Heights hotel known for its glamorous past and A-list guests is entering its next luxury chapter. Marriott International, Inc. and SomeraRoad on Tuesday announced plans to turn Hotel Bossert at 98 Montague Street into The Ritz-Carlton, Residences, Brooklyn Heights, bringing the first branded residences to the borough. The project, which preserves the landmarked Renaissance Revival building, will add 62 condominiums and a ground-floor restaurant by Danny Meyer’s Union Square Hospitality Group.
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9/15/2026 Related sells long-marketed Hudson Yards penthouse in decent week for luxury sales - Crain's

A Related Cos. tower that was among the most anticipated (and hyped) of the last condo boom is still searching for buyers after a decade.
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9/10/2026 Brooklyn developer must repay $6M+ to condo buyers after illegal sales - 6sqft

A Brooklyn condo developer who cheated tenants out of more than $6 million in down payments must repay the money and is banned from selling property in New York for six years. Attorney General Letitia James last week announced that the state secured the funds from 425 Marcy, LLC, and its principal, Ezra Unger, who she said unlawfully sold units and collected down payments for apartments in Williamsburg before he was legally permitted to do so. Unger then illegally used buyers’ down payments for various expenses instead of keeping the money in escrow.
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9/8/2026 Co-op and Condos United rally for amendments to Local Law 97 - NYREJ

Manhattan, NY Co-op and Condos United of New York (CCU), a coalition of co-op and condo owners from across the five boroughs that represents the interests of the more than one million New York homeowners who live in this type of housing, hosted a rally at the Southbridge Towers Co-op in Lower Manhattan to raise awareness about the affordability crisis currently blighting the cooperative housing community. Building on momentum following a recent rally at Bell Park Manor, the event brought co-op leaders and residents together to address Local Law 97 (LL97) and the heavy financial burden it is placing on co-ops and condos.
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9/4/2026 What NYC Co-op and Condo Boards Need to Know About Corporate Transparency Act Exemptions - National Law Review

FinCEN has finalized a rule that permanently exempts most domestic entities from Corporate Transparency Act (CTA) beneficial ownership reporting requirements. As a result, cooperative corporations, condominium-related entities, and other community associations organized in the United States generally are no longer required to file Beneficial Ownership Information (BOI) reports with FinCEN, and their board members, officers, and directors generally are no longer required to provide or update personal beneficial ownership information in connection with those filings.
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8/31/2026 Resident at Long Island condo complex says he's "afraid for my life" after mudslide behind building - CBS

Recent rains have taken a dramatic toll on one condominium complex on Long Island. One of the unit owners says he feels in danger, living on the edge of a steep drop-off.
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8/27/2026 NYC’s Condo Pipeline Set to Shrink 11% Through 2029 - CRE Daily

New York City’s pipeline of new-construction condos for sale is set to shrink, with new condo launches projected to fall 11% through 2029, according to Corcoran Sunshine Marketing Group’s 2026 Pipeline report, as reported by Bloomberg. An average of 13,000 condo and rental units will come to market annually through 2029, down from a 13,400 average over the past decade. In total, about 52,000 combined market-rate condo and rental units are expected to launch across Manhattan and the studied areas of Brooklyn and Queens through the period.
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8/21/2026 NYC co-op and condo owners claim they're overpaying property taxes: 'We want a refund' - ABC

While Mayor Zohran Mamdani is taking new action to "tax the rich" on their second homes in New York City, some everyday New Yorkers say they've been overpaying their property taxes and having trouble getting refunds.
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CooperatorNews at 45

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