The power of a co-op board to approve or reject sales, as well as co-op applicants, is pretty much unlimited -- as long as the decision is made within the limits of applicable law. Boards require extensive information and documentation -- k…
A fire in an condo unit on the 50th floor of Trump Tower that killed one resident on April 7th has drawn attention to the issue of installing sprinkler systems in older, larger residential buildings. In 1999, the City passed a law re…
It was a bizarre story that generated local media attention last fall, including from The Cooperator : Neal Milano, property manager of a 47-unit condo in Sunnyside, Queens, was arrested in September 2017 for allegedly accosting a 43-y…
When it comes to selecting a multi-family building insurance premium, the natural tendency is to go with the least expensive option. But cheaper doesn't always mean better or even proper. Insurance expert Edward Mackoul outlines the common …
Living in a co-op or condo community is a social arrangement as well as a business and residential one. You are part of a community, and that community should feel ‘organic.’ It is also perhaps the purest form of representative democracy.…
In 2016, The Cooperator ran a piece on the business of condominium units existing within a larger hotel property. The article was inspired by news that the iconic Waldorf Astoria had been purchased by the Chinese company Anbang Insura…
The new federal tax law and rising mortgage rates were among the factors that contributed to the decline of Manhattan co-op and condo sales year-over-year during the first quarter of 2018, according to the latest report released on Tues…
The daily operations of your condo or co-op could be disrupted or not, depending on what happens after April 20. As reported by Crain's Business New York , negotiations between the city's apartment building owners and labor union …
Q. I have lived in a 72-unit co-op in Brooklyn since 2004. When I was interviewed by the board, I was told the co-op has live-in super who is not allowed to have an additional outside job. This was an important appeal to me, as I felt day…
Q. Say a shareholder spoke to the president and vice president of the board and disclosed his or her health condition. And later on, the president and vice president lost re-election to the board and found out that the shareholder did not…