Housing Development Fund Corporation (HDFC) co-ops are an important and unique segment of the New York housing market that many fellow co-op shareholders are unaware of. Those who do know of the program are often familiar with it only from …

If you're not fortunate enough to have a washer/dryer in your apartment, the next best thing is a communal laundry room -- and those facilities have come a very long way since the days of bleak, fluorescent-lit basement spaces with a couple…

‘Jumbo loans.’  It’s a term we hear frequently and see advertised regularly.  But what exactly is a jumbo loan, and how did ‘jumbos’ come to be? Origins The world of home loans -- including co-op and condo mortgages -- has changed and evo…

It's tax season, and homeowners in some states are apparently getting hit harder than others due to   President Trump’s revised tax legislation.  During a press conference in early February, New York Gov. Andrew Cuomo argued that t…

It's been now over a month since Amazon's surprise decision to nix plans for its HQ2 in Long Island City , Queens. Following vehement opposition from local activists and several politicians, fallout from the split still lingers -- especi…

If you've followed New York real estate news in the last few days, you have certainly heard about Hudson Yards , the much-hyped, largest private development on Manhattan's West Side that boasts 18 million square feet of commercial and re…

Most co-op, condo, and HOA boards are made up of honest people who truly want to act in the best interest of their community -- but sometimes bad actors do wind up on boards, and sometimes even whole boards can be corrupt. In this short cli…

If state legislators get their way, wealthy people who own expensive second homes in the Big Apple may have to fork over more in taxes. This past Monday, Gov. Andrew Cuomo  and other Democratic leaders in Albany  announced their suppor…

All streaks eventually come to an end, and New York City's luxury residential sales are no exception. According to Olshan Realty's latest luxury market survey for the week of March 4-10, about 15 properties worth $4 million or more signed …

Q. Recently I had a leak from a faulty radiator coming from the co-op unit above me that damaged a part of my ceiling – roughly a 30” x 40” area. The superintendent fixed the leaky radiator, and some time later scraped the water-damaged p…