2024 NY Spring Expo Seminar: Resident Rights vs. Board Confidentiality – New Standards for Access to Records & Disclosure of Private Information Sponsored by: Smith, Buss & Jacobs LLP

By The Cooperator Staff 2 July 2024 Seminars

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News

5/10/2024 289-unit condo proposed for Crown Heights site next to Brooklyn Botanic Garden—6sqft

A Crown Heights property that has seen several development proposals over the years traded hands again.
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5/10/2024 Norwood Co-Op Awaits Audit Findings Amid Frustration over Recent Maintenance Fee Increases—Norwood News

A few dozen shareholders of a private cooperative located in Norwood await the results of a promised audit of the co-op’s finances, after they say they were hit at short notice with what they see as steep maintenance fee increases, and dispute certain prior decisions taken in relation to the finances.
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5/10/2024 2 New York City affordable housing lotteries offering homes to own—PIX11 News

New Yorkers typically use the NYC Housing Connect website to find affordable apartments to rent in the city, but did you know it also features affordable housing lotteries for those looking to own a home in Manhattan and the Bronx?
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5/3/2024 What you can expect to pay for NYC condo or co-op insurance—Brick Underground

New York City has never been particularly cheap, and annual insurance costs make living in the city even more expensive for condo and co-op owners.
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5/3/2024 This co-op in the Bronx owes thousands of dollars to former tenants. Here's management's response.—CBS News

The Amalgamated Housing Cooperative in the Bronx owes thousands of dollars to dozens of former tenants.
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3/18/2024 Manhattan’s Luxury Housing Market Logs Best Week Since May—Mansion Global

Manhattan’s luxury housing market is fresh from a banner week during which deep-pocketed buyers splashed out on close to $300 million worth of high-end property, according to Monday’s weekly report from Olshan Realty.
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3/18/2024 Lower Manhattan Condo Tower a Decade in the Making Starts Sales—Bloomberg

A long-delayed condo skyscraper in Manhattan’s Financial District is restarting sales seven years after they first began.
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3/18/2024 Say goodbye to CHIP, RSA. Meet the New York Apartment Association—The Real Deal

Two landlord groups are now all but assured of becoming a new supergroup, and a leadership shakeup is also on tap.
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3/18/2024 NAR restructures broker commissions in $418M lawsuit settlement—Brick Underground

The National Association of Realtors (NAR) agreed to pay out $418 million and change its commission structure on Friday to settle a handful of lawsuits accusing the organization of artificially inflating commissions.
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2/13/2024 Kushner Cos. offloads 2 more East Village properties for $15M—Crain's

Once-prolific developer Kushner Cos. has offloaded a pair of East Village apartment buildings for nearly $15 million, the latest sign of its declining presence in New York.
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2/13/2024 New York lawmakers propose new state agency to build affordable ‘social housing’—6sqft

New York lawmakers want to create a new publicly-funded agency to address the state’s ongoing affordable housing crisis.
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2/13/2024 New York Reimagined Subsidized Housing. What Happened?—The New York Times

“A beacon.” That was how Shaun Donovan, former commissioner of New York City’s Department of Housing Preservation and Development, heralded Via Verde, the South Bronx development, in 2011.
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2/13/2024 5 reasons why owners and shareholders run for a seat on the board—Brick Underground

Whether you have eight or 800 neighbors, you’re probably familiar with the board of directors of your condo or co-op building.
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2/13/2024 Prominent N.Y. Developer Arrested on Charges Tied to Vast Fraud Scheme—The New York Times

A former executive at a prominent New York City development firm that collapsed amid an avalanche of investor lawsuits and foreclosures was arrested this week and is expected to be charged in connection with a multimillion-dollar fraud scheme, according to several people with knowledge of the case.
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2/9/2024 The big bad board: How do we replace our entire condo board?—Brick Underground

I live in a New York City condo building where over 50 percent of the unit owners have met and decided it is necessary to replace the entire board without consideration of their particular running terms.
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1/30/2024 BK Mixed-Use Condo Lands $33M—ConnectCRE

Meridian Capital Group has arranged $33.1 million in financing for the construction of a mixed-use condominium property in Brooklyn’s Park Slope.
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1/30/2024 Foreclosures in Brooklyn More Than Doubled Last Year — Many Were in One Building—Brownstoner

The number of Brooklyn homeowners at serious risk of losing their homes through foreclosure more than doubled from 2022 to 2023, with 541 homes being the subject of first-time foreclosure auctions last year compared to 180 in 2022.
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1/22/2024 More than 45 NYC office buildings are slated to become apartments—NY Post

Home is where the work once was.
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1/22/2024 REBNY 2024: The Exit Interview and This Year’s Honorees—Commercial Observer

Jed Walentas, the incoming chairman of the Real Estate Board of New York, and his predecessor, Douglas Durst, are more alike than one might initially think.
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1/19/2024 Central Park Tower penthouse last listed for $149.5M finds buyer—6sqft

Only two weeks into 2024 and New York City is already seeing record real estate deals.
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