CooperatorNews New York, The Co-op & Condo Monthly

New this week

Unfinished Business

Ending the Conservatorship of Fannie Mae & Freddie Mac

According to a June 17 press release from the National Housing Conference (NHC), a new report from the Conference outlin…

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NY Metro Mortgage Payments Jump 63.9% in Just 3 Years

Average Payment Now $3,560 Per Month

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Concerned About Local Law Compliance?

The NYC Accelerator Program is Here to Help

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

Area Lags Beind Net National Increase of 9.4%

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Mortgage Rates Creep Lower

30-Year Fixed-Rate Averaged 6.81%

Management

New York City Street View of Residential Buildings and Passing Cars

Residential vs Commercial Condo Owners

Balancing Different Agendas

Commercial and residential owners in a condo community may share an address and coexist harmoniously for the most part, …

Management

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2025 July

Pet-Friendly Policies

Dog Day Directives

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Secrets of NYC Property Management

What Every Owner Should Know

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2025 June

Removing Graffiti & Vandalism

Beyond the Surface

The CooperatorEvents New York Expo Returns!

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

Finance

Collecting Arrears

Part of Your Board’s Fiduciary Duty

While they all collect fees from residents, it’s important to remember that condos, co-ops, and HOAs are nonprofit entit…

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

2025 January

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

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

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

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

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Refinancing in a High Interest Environment

Boards Have Few Attractive Options

On The Board

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Just a Minute

Maintaining Your Board’s Records

Board meetings are where decisions are made, information is shared, and policies are implemented in multifamily communit…

2025 June

Protecting Your Reserves

The Key to Your Association’s Financial Health

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

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

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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

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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

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2024 April

Roof Replacement 101

A Project Too Vital to Put Off

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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

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

Mailboxes & Package Rooms

Practical Design in the Amazon Age

Insurance

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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

7/10/2025 Architect Bill Sofield on Creating the Priciest Condo on New York’s Upper East Side - Robb Report

With the debut of 1122 Madison Avenue, legendary architect Bill Sofield isn’t just unveiling Manhattan’s most exclusive new development; he’s etching a new chapter into the story of uptown luxury.
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7/8/2025 Ken Griffin owns NYC's priciest condo. Mamdani wants to hike his property taxes — and others'. - Business Insider

When Ken Griffin purchased the most expensive home in America in 2019, it came with a hidden discount. The palatial four-floor apartment at 220 Central Park South, which cost the billionaire founder of the hedge fund Citadel nearly $240 million, is taxed at about half the rate of the average condo in the city, data shows.
Read full story

7/3/2025 Andy Cohen Sells New York City Condo for Whopping Eight Figures - Reality Tea

Watch What Happens Live host Andy Cohen just made a whole lotta bank with the sale of his NYC duplex. The TV host and executive had put up his pad on the market last year for a meager $14 million. And he even listed the property with Bravo superstar real estate agent Ryan Serhant. You have to keep it in the family, you know. It took a little while, but Andy finally found a buyer. And while he didn’t get his asking price, the final offer ain’t too shabby.
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7/2/2025 Sky-High Condo on New York’s Billionaires Row Hits the Market for $90 Million—and Soars to Top of Most Expensive Homes List - Realtor.com

An eight-bedroom condo that is perched above Manhattan's Billionaires Row has been listed for a jaw-dropping $90 million—offering a deep-pocketed buyer the chance to own a home in the same building as computer mogul Michael Dell's record-breaking $100.5 million penthouse.
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6/30/2025 Pharma Giant Roche Hires Trump to Sell Swanky Condo - Mother Jones

Donald Trump’s realty firm is representing one of the country’s largest pharmaceutical companies in its effort to offload a $12 million New York condo—an arrangement that represents yet another apparent conflict of interest for the 47th president of the United States.
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6/26/2025 Boutique nine-unit condo building debuts in Long Island City with units starting at $875K - Long Island City Post

Sales have been launched by the full-service real estate agency Charney Brokerage at the new luxury condominium at 40-21 27th St. in Long Island City.
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6/23/2025 Luxury condos for NYC’s 1% are one-upping each other on wellness amenities — from at-home IV cocktails to pet reiki - NY Post

Your grandmother’s building had a doorman. Maybe your parents had a gym. Today’s priciest Manhattan pads, however, are taking a next-level approach to enticing wealthy residents — from at-home IV drips and Botox injections, to floating meditation sessions 500 feet above street level.
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6/20/2025 NYC condo with own speakeasy hits the market for $1.65M - Delaware Business Now

The property is spread across 1,300 square foot with two bedrooms and two and a half bathrooms in the heart of East Williamsburg, Brooklyn.
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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.
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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.
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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.
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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.
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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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Collecting Arrears

Just a Minute

Common Area Design