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Q&A Q&A: Shareholders Breaking House Rules
2018 January Q&A: Shareholders Breaking House Rules

Q. I live in a 194-unit co-op where many shareholders are breaking one or more of the house rules. Our management claims the rules cannot be enforced because the courts do not recognize them. If this is true, how does a co-op protect its …

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Q&A Q&A: Our Co-Op Is Being Improperly Run
2018 January Q&A: Our Co-Op Is Being Improperly Run

Q. What do you do when the president of the board, property manager, and super are all one family? I tried waking up the shareholders with memos and flyers about the conflict of interest to no avail. Our beautiful Garden of Eden has becom…

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Finance HOA Financial Statements
2018 January HOA Financial Statements

Members of a condominium or co-op homeowners’ association (HOA) have a fiduciary responsibility to manage their community’s funds wisely, and to protect the financial interests of all owner/shareholders. Breaching this duty carries the real…

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Buying & Selling New Construction & Development
2018 January New Construction & Development

From the far West Side to the Lower East Side to Downtown, scaffolds are being raised and new residences are being built all over Manhattan. Just a few years ago, new construction of these types would have been scoffed at. Now the times the…

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Real Estate Trends Looking Ahead to 2018
2018 January Looking Ahead to 2018

Just as it was last year, the real estate market–including the market for co-ops, condos and HOAs–is on an upswing. The economy seems to have largely (if not completely) recovered from the 2007-08 recession, and professionals don’t see any …

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Management NORCs on the Rise
2018 January NORCs on the Rise

Among the many positive aspects of apartment ownership (rather than renting) are long-term stability and long-term occupancy.  Long a city of mostly renters, New York City has transitioned into more and more a city of owners over the past 4…

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