2020 February
Q&A: Of Mice and Management
Q. There is a situation with mice in my co-op complex. A shareholder on the first floor contacted the super that she has been seeing mice in her unit. He said he was going to call a pest control company, but they never showed up. The shar…
2020 February
NYC Luxury Market Takes a Dip
After nearly a decade of expansion, New York’s luxury co-op and condominium market has taken an undeniable downturn—and it’s not a gentle slope either. According to several prominent industry players, prices at the high end of the market h…
2020 February
Bidding Basics
Co-op, condo, and HOA boards across the country are made up of volunteers who are committed to the governance of their community. Among their most important duties is selecting vendors to provide goods or services—everything from lawn care …
2020 February
Managing Conflict
One of the unique aspects of life in a co-op or condo is that a building or HOA is in many ways a microcosm of the larger world outside. It can suffer from the same factionalism and partisan bickering as any political entity, only on a much…
The NY Policy Holders Protection Act
Of all the duties - and challenges - a co-op or condo board has to keep track of, insurance likely doesn't rank among the most thrilling; but of course that's no excuse to remain in the dark about changes to coverage-related legislation. In…
Ten Years of NYC Home Sales
amNewYork gives the borough-by-borough breakdown of residential sales over the last decade as the 2010s come to a close. Overall, the city saw real estate prices increase between the first quarter of 2010 and the fourth quarter of 2019,…
NYC to Receive Community Land Trust Accelerator Funds
Yahoo! Finance reports on the announcement by Citi Community Development and Grounded Solutions Network that the partnership selected shared-equity housing programs from New York and San Francisco to receive part of its $1 million Commu…
Sell vs. Sublet
As the New York co-op and condo markets continue to cool, the question for many a would-be seller is whether to absorb the contraction is prices, or to rent out their unit and wait for the market to make a comeback. The answer may be conti…
Second Lawsuit Challenges Controversial Rent Rules
Passed last summer, New York’s Housing Stability and Tenant Protection Act (HSTPA) is facing a second lawsuit, reports Real Estate Weekly . The New York State Home and Community Renewal Agency (HCR)/Division of Housing and Community Rene…