CooperatorNews New York, The Co-op & Condo Monthly

New this week

Affordable Housing Crisis newspaper headline and magnifying glass

Study: Buying More Expensive Than Renting in 'Vast Majority' of U.S.

Typical Mortgage Payment Now 20% Higher Than Rent

A new study on behalf of construction industry research and analysis firm Construction Coverage using data from Zillow,…

Snapshot: Hottest Real Estate Markets of 2026

New York City Ranks #21

Close up shot of a silver Bitcoin in a stack, among other various digital cryptocurrencies.

Homebuying with Bitcoin?

Fannie Mae to Accept Crypto-Backed Down Payment Product

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

Compliance, Access Agreements, & Absentee Owners

What's Litigating Today?

32BJ SEIU Union Sets Date for Strike Vote

Service Workers Members to Decide on April 15

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

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.

The Battle Against Leaks

Recognize, Locate, Eliminate

Keeping a building dry is both an interior and exterior challenge. All buildings, regardless of materials and constructi…

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

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

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

4/16/2026 Fitness studio inks long-term lease at Gramercy condo building - Crain's

A fitness studio with three locations across New York City has signed a long-term lease in Gramercy.
Read full story

4/14/2026 This $16.4 Million N.Y.C. Condo Comes With Sprawling Views of Central Park - Robb Report

When property developer Daniel Grollo and his family relocated from Melbourne, Australia, to New York City in 2012, records indicate he acquired a multi-unit combination apartment on the 21st floor of the Trump Parc building overlooking Central Park for $14.25 million. Records show the following year he dropped $700,000 on a small adjacent unit, and in 2016, ponied up another $2 million for two more small units on the same floor, bringing his total outlay to just under $17.1 million.
Read full story

4/10/2026 HGTV design couple has their newest project — a boutique NYC condo that will also be their home - NY Post

Bob and Cortney Novogratz are moving to a modern penthouse in “Dimes Square,” Manhattan’s ever-trendy micro-nabe between the Lower East Side and Chinatown, Gimme Shelter can reveal. But first, they have to build it.
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4/8/2026 Undivided Launches Condo Rating System to Bring Transparency to NYC Luxury Market - CityBiz

Undivided, a boutique New York City residential brokerage specializing in luxury condominiums, has launched the Undivided Value Index, a proprietary building scoring framework designed to give high-net-worth buyers structured, independent analysis of NYC condo buildings before they purchase.
Read full story

4/6/2026 New look at Fifth Avenue’s tallest residential tower, 262 Fifth Ave - 6sqft

New renderings of Fifth Avenue’s tallest residential building were released this week as sales kick off at the condominium. Developed by Five Points Development and designed by Meganom, 262 Fifth Avenue is a 52-story tower in Nomad with only 26 full-floor and duplex residences. In addition to new images, the developer launched a teaser website for the building and announced a new sales team from Sotheby’s International Realty.
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4/3/2026 Co-ops and Condos United of NY launches to establish advocacy for homeowners - New York Real Estate Journal

A coalition of co-op and condo owners from across the five boroughs have formed Co-ops and Condos United of NY, a grassroots advocacy group charged with representing the interests of the more than one million New York homeowners who live in this type of housing. Co-ops and Condos United of NY has been established to ensure the voice of this critical community is not left behind. Co-ops and Condos United aims to ensure that this significant constituency has a strong, coordinated voice in legislative and policy discussions at both the city and state levels.
Read full story

4/1/2026 HOA Fees Surpass $6K a Year for Millions of Homeowners - Realtor.com

While homeowners know to budget in mortgage payments, there's a not-so-hidden monthly cost that millions are paying, and that cost is increasing—often significantly—each year.
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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.
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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?
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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.
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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.
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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.
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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.
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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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