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…
Removing a disruptive, abusive, non-paying, or otherwise problematic tenant from a rental building is relatively easy. Doing the same thing in a co-op is also possible, though substantially harder. But removing a condo owner from the premis…
Despite some fits and starts, the process of converting 1,000 rooms at the Waldorf Astoria hotel into 375 condo units is nearly complete – and Chinese developer Anbang announced on June 11th that it will be launching sales at the property t…
The Bronx may not be known as New York City’s most glamorous borough, but a drive through the city’s northernmost section reveals signs of renewal and development that would’ve been almost unthinkable just a few years ago. From new apartmen…
The viability of the 421-a tax abatement was up in the air last month as the New York State Senate passed sweeping reforms via a rent regulation bill which has caused quite a stir in the real estate community. After pushback from developer…
Community living comes with lots of rules and regulations—many of which are codified in largely static, hard-to-amend governing documents like proprietary leases and condominium declarations. Others are laid out in the more flexible context…