There's no getting around some expenses -- utilities, scheduled maintenance, and taxes all have to be paid; but there are some areas where a savvy, informed board can keep costs in check without sacrificing quality of service. Here, a pair …
Manhattan’s residential co-op and condominium market ended last year on a more stable note than it did in 2016 despite some signs of trouble, according to Corcoran’s fourth quarter 2017 report . “Three of the past four quarters regist…
Controversy is not only surrounding Donald Trump's second year into his presidency, but also the buildings in New York City that bear his name. As reported by the New York Post , a condo building called Trump Place at 200 Riverside …
Last October, The Cooperator reported on a legal fight between the non-profit New York Public Library and the board of the Fifth Avenue Tower condominium association. The disagreement stemmed from the library’s attempt to undergo …
It was a mixed fourth quarter 2017 for condo sales prices in Manhattan, while co-ops did slightly better, according to the latest quarterly sales report by Douglas Elliman for the aforementioned borough. According to the study, the …
Q. Does the co-op have any liability for a live-in super doing work for shareholders that is deemed the individual shareholder’s responsibility and paid for by that shareholder? —Inquisitive Neighbor A. David…
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 …
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…
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…
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…