Manhattan's Central Park Tower has reached a special milestone. Developer Extell said in a press release that its luxury condo project on West 57 th Street – in the area known as 'Billionaires' Row' – has topped out at 1,550 feet, m…
As much as a prudent, conscientious board may try to keep a lid on expenditures, sometimes shelling out is unavoidable. When it comes to legal costs though, 'shelling out' can often result in a bad case of sticker shock. In this clip, legal…
An underlying permanent mortgage (UPM) is a commercial loan, not a residential loan like your co-op mortgage. As such, it carries additional and different terms and conditions than a residential mortgage. When selecting a mortgage for your…
A Fifth Avenue co-op that went on the market a few years ago for $120 million has now finally sold – but only at a fraction of that price According to The Wall Street Journal , the 12,000-square-foot, seven-bedroom duplex that once be…
Legendary singer and actress Bette Midler is looking to decamp to a smaller apartment in Manhattan, which is why she and her husband are putting their large Upper East Side penthouse up for sale. The New York Times reported that Midler…
A Mitchell-Lama co-op in East Flatbush has been the scene of a legal drama concerning its board and allegations of poor living conditions, despite scoring an $11 million state loan for needed repairs. According to an article in The CITY …
The Manhattan residential luxury market found itself on the upswing for a change, with two condominiums entering into contracts worth $10 million or more, according to Mansion Global citing Olshan Realty's latest report . For the …
Q. Can the board of directors of a co-op and management refuse a parking space to someone who lives in the building but has out-of-town license plates? —Is This Legal? A. “As with many i…
Q. We need help with this dilemma. Our co-op’s public areas are all non-smoking – but what about the shareholders who share a terrace? Out of 82 terraces, 12 share their terraces with neighbors, some of whom smoke. It is a big problem for…
Community associations are microcosms of democracy, run by an elected board of volunteers trusted to make good decisions on behalf of the community as a whole. Boards make the call on every large and small issue for their constituency. So i…