CooperatorNews New York, The Co-op & Condo Monthly

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Study: NY County Added ~76K Housing Units Over Past Decade

Area Lags Beind Net National Increase of 9.4%

New tariffs on building materials are already hitting the housing market hard: according to the NAHB, construction of si…

Businessman using a computer for property sales & listings, Real Estate Agent agency & contractor, residential property, investment, housing project, property development real estate, choose a house buy online.

Mortgage Rates Creep Lower

30-Year Fixed-Rate Averaged 6.81%

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

New Rules Lighten Up Sidewalk Sheds

Gloom - and Rats - Begone!

Smiling giant businessman wraps his arm around a corporate building

Secrets of NYC Property Management

What Every Owner Should Know

Freddie Mac: Mortgage Rates Remain Under 7%

Stable Rates + More Inventory Are Attracting More Buyers

Management

Secrets of NYC Property Management

What Every Owner Should Know

New York City is one of the most complex and competitive real estate markets in the world. From towering Manhattan co-op…

Management

Graffiti on brick wall, composite of various images, layered and altered digitally so as to be non-identifiable.

2025 June

Removing Graffiti & Vandalism

Beyond the Surface

The CooperatorEvents New York Expo Returns!

Tuesday, March 4 at the Hilton Midtown! — coopexpo.com

2025 February

Managing Through a Mess

Removing Remains, Handling Hoarding

Self-managed HOA blue gradient concept icon. Property management, administrative services. Round shape line illustration. Abstract idea. Graphic design. Easy to use in infographic, presentation

2025 February

How Self-Managed Communities Manage Their Business

Staying Smart & Solvent

Finance

Selling housing for money or barter. Calculate the mortgage cost. Reduce maintenance costs.

Study: 26.1% of NY Metro Homes Are Paid Off

Mortgage-Free Residents Not Necessarily Wealthier

Amid rising mortgage rates and increased financial pressure on American households, one subset of homeowners stands out:…

Finance

2025 January

Market Conditions: Where We’ve Been & Where We’re Going

A Conversation with Jonathan Miller, President & CEO of Miller-Samuel

Miniature house, Wooden blocks with the word TAX on stack of coins. The concept of payment tax for house, Property investment, House mortgage, Real estate.

Study: NYCers Pay Median $6,317 in Property Taxes Annually

Taxes Taking 'a Bigger Bite' Out of Homeowners’ Wallets

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

Refinancing in a High Interest Environment

Boards Have Few Attractive Options

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

On The Board

Protecting Your Reserves

The Key to Your Association’s Financial Health

In our current environment of steeply rising costs, it’s more important than ever to safeguard your reserves to ensure t…

Overhead view of a group of business people at meeting.

2025 June

Making the Most of Your Annual Meeting

Better Meetings = Better Results

Raise hand wooden figure stands above a wooden cube with vote symbol among another. open-mindedness or public hearing, Elections concept. Volunteers, parties, candidates, constituency electorates.

2025 April

How To Win a Board Election

Hint: It’s Actually Not a Popularity Contest

2025 April

Failure to Communicate

The Pitfalls of Poor Connection

The CooperatorEvents Spring Expo

Another Successful Day of Resources, Roundtables, & Reunion

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

Façade Cleaning

Getting the Grime Gone

For most people, their home represents their single biggest investment. And in a multifamily building or homeowners asso…

2025 March

Proxy Voting in Your Building or HOA

Keeping It Fair

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

Party People Communication Talking Happiness Concept

2024 November

Successful Social Programming

The Value of Building Relationships

Dabbing plumber character vector cartoon clip art

2024 November

Managing Maintenance Staff

Taking Care of Your Key Personnel

Exterior Repair & Maintenance in Historic Buildings

Good Old Things

The unique charm of historic properties—both inside and out—is a key draw for many co-op and condo buyers. Exterior orna…

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

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

2024 April

Roof Replacement 101

A Project Too Vital to Put Off

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

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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

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

News

6/18/2025 Glitch delays millions of dollars in property-tax rebates for thousands of NYC co-op and condo owners - NY Post

A massive technical glitch has delayed millions of dollars in property-tax rebates involving thousands of city co-op and condo owners. The annoying snafu was triggered by a botched rollout of the city Department of Finance’s new abatement portal, where requests for the rebates are submitted, sources told The Post.
Read full story

6/16/2025 Fashion designer and noted hostess lists Tribeca party pad for almost $11M - Crain's

Fashion designer Lela Rose is ready to part with the Tribeca pad where she hosted the massive dinner parties for which she was also known.
Read full story

6/11/2025 Former Manhattan DA sells Gramercy Park condo for almost $2 million - Crain's

Manhattan's former top prosecutor has sold his Gramercy Park pad for almost $2 million — about 18% less than what he bought it for six years ago — records show.
Read full story

6/9/2025 Health care investor buys condo in converted former hospital on Central Park West - Crain's

Health care-focused private equity investor David Solomon has picked up a condo at a former hospital site on Central Park.
Read full story

6/4/2025 New York Launches Innovative Condo Conversion Law - Affordable Housing Finance

A new law has opened the door for owners of certain large mixed-income housing developments to partially convert to condominiums in order to protect at-risk affordable housing units in New York City.
Read full story

6/3/2025 New York state budget greenlights more condo conversions, new housing vouchers, but no down payment assistance - Brick Underground

Some New York City renters could gain a path to buying their apartments under legislation passed in the whopping $254 billion New York state budget last month. The budget lowers the number of renters or would-be-buyers that would need to agree to convert some newer, large apartment buildings from rental to condo. It’s one of a handful of initiatives—including a new statewide housing voucher program—that could have major impacts on NYC housing in the coming years.
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5/30/2025 VITA Launches Sales on 9th Avenue as NYC’s Largest Passive House Condo - W42ST.nyc

A new 12-story condo is rising on 9th Avenue — and it’s making big claims. VITA, now launching sales between W37th and W38th Streets, is billed as New York’s largest passive house development, with 121 energy-efficient units aimed at buyers seeking luxury with a lighter footprint.
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5/28/2025 Bravo’s Andy Cohen finds a buyer for his unique $12 million West Village condo - Market Watch

Bravo legend Andy Cohen has found a buyer for his one-of-a-kind New York City condo. Cohen’s fellow reality TV star and close friend Ryan Serhant of “Owning Manhattan” announced on his Instagram stories on May 19 that the sprawling Manhattan property is under contract, eight months after it hit the market.
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5/27/2025 In New York, a $370,000 Renovation Gave an Awkward Living Space Better Flow - Wall Street Journal

Joe McGuier and Megan Prime, co-founders of JAM, a Brooklyn-based architecture and interiors studio, rarely try to talk clients out of a big project. This couple couldn’t decide between apartments in two Fifth Avenue buildings. One had two smaller, but more modern units that JAM would gut and combine into one apartment, the other was a prewar condo that was large, but poorly laid out. McGuier didn’t hesitate to steer them to the simpler project in the prewar building. “The single apartment was already quite spacious, but it had this awkward living-dining room-entry,” he says. “We told them if we combine these rooms, you’ll have an amazing space with six windows overlooking the park.”
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5/23/2025 New York Launches Innovative Condo Conversion Law - Affordable Housing Finance

5/22/2025 New York’s Wealthiest All Want to Live Downtown Now - Wall Street Journal

Nearly a decade ago, financier Harsh Padia and his wife, Purvi Padia, spent $29.1 million for an apartment in Manhattan’s West Village, paying top dollar for a duplex at the 150 Charles Street condominium. In March of this year, they sold the unit for $60 million, more than twice what they paid and a record figure for downtown Manhattan.
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5/15/2025 Condo owners sue over New York skyscraper they say is riddled with ‘thousands of severe cracks’ - CNN

Apartment owners at a luxury New York skyscraper are suing the building’s developers over a “far-reaching fraud” in which they allegedly hid structurally significant defects — including “thousands” of severe cracks on the tower’s facade.
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5/12/2025 220 Central Park three-bedroom trades for $36.5M, a 36% profit - Crain's

Vornado’s contribution to Billionaires Row continues to show strength in the resale marketplace.
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5/9/2025 Manhattan and Brooklyn see rise in number of signed contracts for co-op, condo sales - Crain's

The number of contracts signed for sales of apartments in Manhattan and Brooklyn rose year over year in nearly every price category, according to a new report from Douglas Elliman and Miller Samuel.
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5/7/2025 Marc Holliday Pays $8.4M For Condo In SL Green's Armani Project - BisNow

SL Green Realty only built 10 apartments in its ultra-luxury Giorgio Armani Residences project on Madison Avenue, and its CEO is one of a select few buyers.
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5/5/2025 Luxury Condo Owners Accuse Builders of Hiding Dangerous Defects - New York Times

The condo board at a troubled 1,400-foot luxury tower on New York City’s Billionaires’ Row is accusing developers of “deliberate and far-reaching fraud” by failing to disclose early cracks in the facade that it says could lead to dangerous structural issues.
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5/2/2025 Carnegie Hall lists artistic director's former UES home for $5.5M - Crain's

Carnegie Hall is hoping the apartment purchased for its top executive will strike a chord with a buyer.
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4/29/2025 Regulations Pose Challenges for Condos and Co-ops - New York State Bar Association

In my time acting as outside general counsel to cooperative and condominium boards, I have become increasingly convinced that the job has been getting harder and harder. Admittedly, this feeling could be just a variation on the so-called Socratic paradox that the more I learn about the role, the more I realize what I do not know.
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4/28/2025 Meet Vita, the N.Y.C. Condo Development Designed to Reduce Energy Consumption by 90% - Robb Report

“Vita is unlike anything experienced to date in the New York City market,” John Gomes, a co-founder of Eklund Gomes, said in a statement. “This is a project that doesn’t just raise the bar—it completely redefines what it means to live well in the city. The seamless incorporation of Passive House principles alongside beautifully curated interiors and amenities illustrate why Vita is the future of luxury living.”
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4/23/2025 Inside an $8 Million Condo on the 29th Floor of New York City’s Iconic Woolworth Building - Robb Report

The Woolworth Building in Tribeca, designed by skyscraper-pioneering architect Cass Gilbert, stands alongside Emery Roth’s Beresford and Ely Jacques Kahn’s Sherry-Netherland as one of New York’s most distinguished residential landmarks. After holding rank as the world’s tallest building from 1913 to 1929, the terracotta and limestone tower saw its top 30 floors converted into luxury condos after it was sold to a developer in 2012. We got a peek inside the building’s epic five-story penthouse back in 2021 (which is still for sale), and now we’re going to check out a three-bedroom spread that spans half of the 29th floor.
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Recent Articles

Study: NY County Added ~76K Housing Units Over Past Decade

Mortgage Rates Creep Lower

New Rules Lighten Up Sidewalk Sheds

Secrets of NYC Property Management

Q&A: Background Check Liability