CooperatorNews New York, The Co-op & Condo Monthly

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NY Metro Mortgage Delinquency Rate Lower Than U.S. Average

Inflation, Financial Pressure Still Stretching Household Budgets Thin

While the economy has largely recovered from the unprecedented uncertainty and instability brought on by the COVID-19 pa…

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The Trap of Arbitrary Price Floors

Setting Prices Based on 'Vibes' Can Cost Boards

Project tracking, goal tracker, task completion or checklist to remind project progress concept, businessman project manager holding big pencil to check completed tasks in project management timeline.

Buyer Beware

Why Due Diligence Isn't Optional

3D illustration. Energy efficiency class. Energy saving. As the energy saving class of household appliances increases, the money savings displayed by Euro coins increases.

Carbon Reduction Programs

Reducing Your Building's Emissions without Additional Cost

Polly Wanna Lawsuit?

Gramercy Park Co-op Pays $165,000 for Evicting Shareholder Over Emotional Support Parrot

Management

Reduce CO2 emission and carbon footprint, green business. Limit global warming and climate change. Sustainable development, carbon neutral industry.

Funding Your Decarbonization Project

Resources & Recommendations

Decarbonization requires considerable planning, with available funding playing a key role in determining the feasibility…

Management

Portrait of senior friends taking care of vegetable plants in urban garden in the city. Pensioners spending time together gardening in community garden in their apartment complex. Nursing home residents gardening outdoors. Senior sisters have same hobby.

2024 September

Managing Aging Residents Adapting to Changing Needs

Adapting to Changing Needs

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More Than a Mess

Dealing With Hoarding Syndrome

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2024 July

Everybody Hates Assessments

Handling the Unpleasant Inevitable

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2024 June

The Board-Management Relationship

Clear Expectations + Clear Communication = Success

Finance

Financial literacy and investment. Handbook of knowledge in money management. Stock market. A young man or businessman reading a financial manual.

Financial Literacy for Board Members

Knowing More = Governing Better

When a condo or co-op resident runs for a seat on their board, the decision to do so generally comes from a desire to ‘s…

Finance

Steep Land Lease Increases Could Be a Nasty Shock for Co-ops

Carnegie House Offers a Cautionary Tale

3D illustration of a rubber stamp with the word refinance over a mortgage lender rate sheet. Debt consolidation and debt or loan refinancing concept.

The Uncertainties of Refinancing Your Underlying Mortgage

Today’s Interest Market Poses Challenges

Coin with arrows concept for funds transfer

Don't Bet on Flip Taxes

A Slower Market = Less Revenue for Buildings

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Understanding Your Monthly Financial Information

The Key to a Financially Successful Association

On The Board

The Role of the Board President

Your Community’s Chief Administrator

Just as a ship cannot steer without its captain, a board cannot function effectively without its president. Serving as t…

New rules alarm message on a wooden desk in a bright indoor environment

2024 October

Amending Bylaws and House Rules

When & Why

Lease Agreement Documents with Glasses, Pen and Calculator

Commercial Leases in Co-ops & Condos

Blessing, or Burden?

Financial advisor on legacy planning concept. Inherit house or real estate from parents, passing an inheritance to children, father giving house, wealth or property to his children small hand

A Matter of Will

When a Resident Dies Intestate

Residential multifamily modern buildings

2024 June

Navigating Building Decarbonization

Strategies for Multifamily Boards & Owners

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

Figure of house and warm clothes on heating radiator. Home heating expenses and savings concept.

Essential Pre-Winter Maintenance

Battening Down the Hatches

As autumn sets in and we savor the crisp air and vibrant foliage, it’s time for, it is time for co-ops, condos, and HOAs…

Natural cleaners concept. Woman holding eco friendly home cleaning ingredients, white vinegar, lemon, baking soda, citric acid concept.

2024 September

Understanding Green Cleaning Effectiveness, Sustainability, & Best Practices

Effectiveness, Sustainability, & Best Practices

Liability, Responsibility…and Lint

Who's in Charge of Your Laundry Room?

Air conditioner technician repairing central air conditioning system with outdoor tools

It's Getting Warmer...

Time to Service Your HVAC System

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

Roof Replacement 101

A Project Too Vital to Put Off

Nothing lasts forever, not even your roof. While roofs have a relatively long life compared to other building systems an…

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

Waterproofing flat roof with bitumen sealing membranes

Replacing Your Roof?

Consider These Add-Ons

It is an isometric illustration comparing whether the exterior wall survey of a building or condominium is done by scaffolding or drone inspection.

Cutting-Edge Tech for Building Inspections

AI & Drones Cut Costs, Improve Accuracy

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

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

Upcoming Events

Tue, Nov 19, 10:00am – 4:30pm

CooperatorEvents New York Expo

Tue, Nov 19, 10:00am – 4:30pm

CooperatorEvents New York Expo

Jacob Javits Convention Center, 429 11th Ave, New York, NY 10001, USA map

Show more events

News

10/14/2024 Exclusive: Hugh Jackman Makes Second Attempt to Sell ‘Spectacular’ Triplex Condo for $39 Million—One Year After Shock Divorce - Realtor.com

Hugh Jackman is making a second attempt to sell his $38.9 million “masterpiece” New York City apartment, two years after his first attempt to offload the triplex property failed.
Read full story

10/11/2024 Insurance honcho unloads High Line condo for about what he paid - Crain's

A global insurance executive has left the High Line. The three-bedroom at the Zaha Hadid building traded for $7.8 million.
Read full story

10/8/2024 Loft for Sale in a New York Building That Featured in ‘The Devil Wears Prada’ - Mansion Global

This grand loft-style condo is in a SoHo building, on Crosby Street in New York, that had a starring role in the 2006 film “The Devil Wears Prada,” serving as the sexy downtown bachelor pad of the fictional designer James Holt.
Read full story

10/4/2024 Rudy Giuliani Cuts Nearly $1 Million off His New York Condo - Mansion Global

In a rush to offload his Manhattan home, Rudy Giuliani has dropped the asking price by nearly $1 million. The former New York mayor is at risk of losing the Upper East Side condo, among other assets, to settle a defamation lawsuit filed by two Georgia election workers.
Read full story

10/3/2024 Why Owning (and Buying) a Florida Condo Has ‘Turned Into a Nightmare’ - New York Times

Ten years ago, Howard and Sheila Konetz bought themselves a Florida dream: an 1,820-square-foot condo in a leafy gated community north of Miami, complete with access to a country club, tennis courts and swimming pools. The $478,500 purchase would usher them into blissful semiretirement, they thought. With enough cash in the bank, the couple didn’t need a mortgage and downsized from their house in Miami Beach.
Read full story

10/2/2024 Food Network chef selling NYC home in iconic building with ‘million-dollar view’ - NY Post

Food Network champ, TV personality and cookbook author Chef Priyanka Naik is listing her Kips Bay home for $1.35 million. The one-bedroom, one-bathroom corner unit is located at VU New York, a new construction luxury building featuring views of the Empire State and the Chrysler Buildings.
Read full story

9/27/2024 Warwick Hotels honcho snaps up a condo by Central Park - Crain's

Richard Chiu, who founded the hotel group in 1980 in Midtown, paid $17 million.
Read full story

9/26/2024 Reality TV star broker Fredrik Eklund snags $3.35M NYC condo: ‘This will be one of downtown’s ‘it’ buildings’ - NY Post

Reality television star and real-estate broker Fredrik Eklund has purchased a $3.35 million condo at 64 University Place, according to city Department of Finance records filed this week. The under-the-radar, new-construction building comes with 28 units and sold out, off market, sight unseen “pretty immediately,” said Eklund, a top broker with Douglas Elliman.
Read full story

9/25/2024 Midtown’s first FHA-eligible luxury condo hits market - Real Deal

The Perrie, Midtown Manhattan's first new-development condo eligible for FHA mortgages, welcomes buyers who can't put 20 percent down.
Read full story

9/23/2024 They tried to evict her emotional support parrots. She won $165,000. - Citizen's Voice

For almost 20 years, a group of parrots and their owner lived at the Rutherford, a co-op apartment building in the ritzy Gramercy Park neighborhood of Manhattan. For almost as many years, the neighbors complained.
Read full story

9/19/2024 NYC’s waterfront is transforming into luxury leisure space, one park and condo tower at a time - Fast Company

The construction fences recently went down around Domino Square, the final public space to be completed in the $2.5 billion transformation of the Domino Sugar Refinery into an 11-acre mixed-use neighborhood. Designed by Field Operations, Domino Square is a striking, oval-shaped plaza in the Brooklyn neighborhood of South Williamsburg that is surrounded by redbud trees, pin oaks, and two types of pines, plus white and lavender flowers that will eventually cascade down Cor-Ten steel planters.
Read full story

9/17/2024 Former hedge fund chief pays $25M for penthouse at new High Line condo - Crain's

Finance exec Robert Shafir, who helped turn around the troubled hedge fund formerly known as Och-Ziff while paving the way for its eventual $720 million sale, has snapped up a penthouse at the Chelsea condo 1 High Line.
Read full story

9/16/2024 Mandarin Oriental developers snag loan for unsold condos - Crain's

The Mandarin Oriental residences at 685 Fifth Ave. Developers of the Mandarin Oriental residences on Fifth Avenue secured an inventory loan to help with the cost of unsold luxury condos at the building.
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9/12/2024 Consul general to New York to answer questions over $9M luxury condo purchase - CTV News

After weeks of pressure, Canada’s consul general Tom Clark will testify on Thursday before a House of Commons committee about the purchase of his new official residence in New York that generated a lot of political attention over the summer. It will be the first time Canadians will hear from Clark after reports emerged in July that the federal government had bought a new $9 million piece of luxury real estate for him to live in. The condo is located within the world's thinnest skyscraper on "Billionaire's Row" in Manhattan.
Read full story

9/11/2024 NYC pied-à-terre guide: Top condos for buying a second home - 6sqft

Translating from French meaning “foot on the ground,” pied-à-terre is an apartment in New York City used as a secondary residence. It is only occupied part-time and is not the owner’s primary home. These part-time apartments can range from modest studios to luxurious condos, often used by people who regularly visit the city for business or leisure. We take a look at the most popular buildings in NYC for second homes, from newer condos like One High Line in Chelsea and the Ritz-Carlton Residences, New York, NoMad to more established buildings like the Plaza on Central Park South.
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9/10/2024 Mom shot in face, killed in front of son trying to defend husband from robbers in NYC condo building - NY Post

A 57-year-old woman was fatally shot in the face in front of her son while trying to defend her husband from a pair of robbers who followed him into their lower Manhattan condo building Monday night.
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9/9/2024 The Greenwich by Rafael Viñoly, NYC - E-Architect

We take a look inside The Greenwich by Rafael Viñoly, which is one of the acclaimed architect’s final projects in NYC. The 88-story tower features 272 residences and over 27,000 square feet of sky-high amenities.
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9/6/2024 Ex-election workers want Rudy Giuliani's apartment, Yankees rings in push to collect $148M judgment - ABC News

Two former Georgia election workers who won a $148 million defamation judgment against Rudy Giuliani asked a court Friday to award them the cash-strapped former New York City mayor’s apartment and other property as they ramp up efforts to collect on the staggering debt.
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9/5/2024 Northwind Lends $63M For 13-Story NYC Condo Project - Law360

Northwind Group supported the development of a 13-story, 54-unit Manhattan, New York, residential condominium project with a $63 million senior secured construction loan, the real estate private equity firm announced Wednesday. The condominium project is located in the borough's Gramercy Park neighborhood at 305 First Ave., and it's currently estimated to be finished in 2026, according to Northwind.
Read full story

9/4/2024 Tenant with three emotional-support parrots scores $165K in NYC co-op battle after she was kicked out over birds - NY Post

A bird-brained Gramercy Park co-op board that evicted a resident over her three emotional-service parrots has to shell out the whopping amount to her — and buy her pad at an above-market rate, according to federal prosecutors.
Read full story

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Recent Articles

NY Metro Mortgage Delinquency Rate Lower Than U.S. Average

The Trap of Arbitrary Price Floors

Buyer Beware

Q&A: Coverage Required?

Q&A: Tenant Obligations During Foreclosure