Reserve funds are a normal - and crucial - component of the budget for any co-op and condominium community. Lenders of all types, whether it be the banking institution that holds the underlying permanent mortgage on an entire co-op building…
On Thursday, July 16, NBC 4 New York reported that a scaffold on a residential building in Manhattan’s Murray Hill neighborhood collapsed onto a sidewalk shed below, killing one worker and seriously injuring three others. All four men w…
Compared to previous generations, Millennials (those born between 1981 and 1996, give or take) have a conspicuously low rate of homeownership. While the ranks of millennial homeowners have expanded slightly over time, the numbers still fall…
According to a new Harris Poll, nearly one third of Americans are considering moving to a less densely populated area due to the coronavirus. They’re prioritizing larger apartments with enough room for home offices and access to private out…
The Cooperator Events Presents a Virtual Town Hall: Insurance, Renovations, & the Pandemic - What Your Policy Does (and Doesn't) Protect During COVID, sponsored by Mackoul Risk Solutions, Belfor Property Restoration & Anderson Kill WA…
According to a recent press release from New York-based law firm Herrick, the City has announced that the Uniform Land Use Review Process, or ULURP, will restart in August. The release states that “ULURP has been ‘on pause’ since March, res…
According to two market reports released by the Real Estate Board of New York (REBNY), NYC is facing some formidable challenges as the city finds its way out of the economic weeds it was thrown into by the coronavirus pandemic. REBNY’…
The Cooperator Events Presents a Virtual Town Hall: Welcome Back - How to Get Your Building (and Board) Up & Running During COVID. Gallet Dreyer & Berkey, LLP Thursday July 23, 2020 at 2:00 PM WATCH ON DEMAND With New York moving to…
As some states continue phased reopening of their economies and social spaces, and others are forced to backtrack as coronavirus cases spread, the question on every board member and property manager’s mind these days is how their own commun…
The dwindling momentum for NYC property tax reform is being exacerbated by the coronavirus crisis and adjacent economic disaster, according to a recent report in the Gotham Gazette . An advisory commission convened by the Mayor and the C…