Page 3 - NY Cooperator December 2019

COOPERATOR.COM
THE COOPERATOR —
DECEMBER 2019
3
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FB 952 - RMU Cooperator UPDATE.indd 1
12/13/18 11:13 AM
TABLE OF CONTENTS
2019-2020 ROUND-UP AND PROJECTION
In markets throughout the nation, 2019 was a year of uncertainty, re ecting change
in the basic mechanisms of how we view, buy, and sell real estate. at uncertainty
extended to all markets, from traditional single-family homes to co-ops and condomini-
ums, to commercial properties – and the same factors that a ected markets in 2019 are
expected to continue to reverberate in 2020.
PAGE 1
THE ILLEGAL HOME-SHARING ISSUE
Since their insurgence over the last dozen years, Airbnb, Homeaway/VRBO and other
home-sharing sites using a similar model have provided travelers all across the globe with
alternative—o en more a ordable—accommodation to hotels, motels, inns, and B&Bs.
e home-sharing model certainly has been an economic boon to budget-seeking travelers,
locales with weak tourism, and property owners who use the services as an income stream.
In many cases, however—particularly in larger cities in the US—renting out one’s home on a
short-term basis (typically anything less than 30 days) is actually illegal.
PAGE 1
Yale Robbins
Publisher
Henry Robbins
Executive Vice President
Joanna DiPaola
Associate Publisher
Hannah Fons
Senior Editor
Darcey Gerstein
Associate Editor
Pat Gale
Associate Editor
Shirly Korchak
Art Director
Anne Anastasi
Production Manager
Victor Marcos
Traffi c Coordinator
Alan J. Sidransky
Staff Writer
Rick Levin
Director of Sales
The Cooperator is published monthly by Yale Robbins Publications, LLC, 205 Lexington Ave., New York, NY 10016, (212) 683-5700. President: Yale Robbins, Executive Vice
President: Henry Robbins. Subscriptions are available free by request to co-op and condo board members and homeowner associations. POSTMASTER: Send address changes
to The Cooperator, 205 Lexington Ave., New York, NY 10016. ©Yale Robbins Publications, LLC 2019. All rights reserved. Application to mail Periodicals postage rates is pend-
ing at New York NY. FREE Subscriptions for Board Members, Property Managers and Real Estate Decision Makers. To Subscribe, please visit us at: cooperator.com/subscribe
cooperator.com
INTRODUCING NEW SECURITY TECH IN YOUR BUILDING
In today’s world of high-tech property management and building security, there are
more options than ever for managers and boards to choose from to keep their com-
munities on the cutting edge. ere are web- and device-based apps for everything from
package delivery to door entry to bill paying. When considering updating, or introduc-
ing new management or security technology, the question for co-op and condo board
members and their building managers is not necessarily which tech is best, but rather
which is most easily adaptable for the people who will actually be using it: the residents.
PAGE 1
THE COOPERATOR FALL EXPO RETURNS TO JAVITS
On Tuesday, October 29th,
e Cooperator
welcomed thousands of board members,
managers, building owners, and co-op, condo, and HOA residents from across the
tristate area to the Jacob Javits Convention Center for the third annual Fall edition of
e Cooperator Expo New York. e Fall Expo joined
e Cooperator’s
Spring show
(which has been an annual xture at the Hilton New York in Midtown for nearly 30
years) in 2017, and the response from both exhibitors and attendees a er this sopho-
more show has been outstanding.
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ON THE WEB...
LOBBY DECOR
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CAPITAL GAINS AND CAPITAL IMPROVEMENTS
PAGE 6
GLASS VS. MASONRY
PAGE 6
INDUSTRY PULSE/CALENDAR
PAGE 4
Q&A
PAGE 5
MARKETPLACE
PAGE 14
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Annually: 12. 6. Annual Subscription Price: $0. 7. Complete Mailing Address of Known Offi ce of Publication: 205 Lexington Avenue, 12th Floor, New York, NY 10016. 8. Complete Mailing Address of the General Headquarters or General Business Offi ces of Publisher: Same. 9. Full
Names and Complete Mailing Addresses of Publisher: Yale Robbins, Publisher, Same; Henry Robbins, Executive Vice President; Joanna DiPaola, Associate Publisher, Same; Hannah Fons, Executive Editor, Same; 10. Owner: Yale Robbins Publications, LLC, Yale Robbins, President,
Same and Henry Robbins, Executive Vice President, Same. 11. Known Bondholders, Mortgages and Other Security Holders Holding 1 Percent or More of Total Amount of Bonds, Mortgages or other Securities: None. 12. N/A 13. The Cooperator. 14. Issue Date for Circulation Data:
October 2019 15. Extent and Nature of Circulation: Average Number of Copies Each Issue During Preceding 12 Months: 17,889. A. Total Number of Copies: 17,889. B1: Paid/Requested Outside-County Mail Subscription: 17,481. C. Total Paid Distribution: 0. D. Free Distribution by
Mail: 17,481. D1: Outside County: 0. D2: In-County: 0. D3: Other Classes Mailed through the USPS: 75. D4: Free Distribution Outside the Mail: 42. E. Total Free Distribution: 117. F. Total Distribution 17,598. G. Copies Not Distributed: 291. H. Total: 17,889. I. Percent Paid and/or
Requested Circulation: 99% 16. Electronic Copy Circulaton: N/A. 17. Publication of Statement of Ownership for a Requester Publication will be published in the March 2019 issue of this publication. Joanna DiPaola, Associate Publisher.