What's a reserve study, and why should your building or HOA conduct them regularly? Find out why they're a crucial part of your community's financial, mechanical, and structural health!
In New York City, the real estate game is hard fought and won by aggressive players. Everyone wants a piece, from developers to buyers. So when space -- a rarity in the crowded metropolis -- becomes available, it gets used. Interestingly,…
If you are a New York homeowner, you may have heard about STAR , a program under the state's Department of Taxation and Finance that helps provides property tax relief. If not, you may be missing out on potential savings. Here's an in…
Occupying a dense city like New York can make for strange bedfellows. Parties that wouldn't ordinarily mesh often must do so simply for the sake of space being at such a premium. And sometimes it works. For instance, The Odd Couple is a…
Q. At a regular monthly meeting of a seven-member HOA board where four members present constitute a quorum, can one of the absent members give her proxy to one of the four attending members to vote on specific issues on the board’s agenda…
Q. We are shareholders and residents in a co-op in Westchester. The building provides underground parking for a fee. These cars are handled by a contracted valet parking service, who are careless to say the least. For a small increase in …
Like single-family homes, condominium units tend to be owner-occupied. Financing for these units therefore tends to follow traditional guidelines and requirements centered on owner occupancy. But what happens when a condo unit is held as an…
In movie industry parlance, New York City’s Second Avenue subway line was in ‘development hell’ for almost 100 years—as many Upper East Siders who ride the very crowded Lexington Avenue lines daily know first-hand. Plans for a new line were…
Over the past few months there have been several interesting and insightful court decisions. Here are a few legal cases that provide some helpful lessons for boards and managers alike. 19 Pond, Inc., et al. v. Goldens Bridge Community Asso…
Once upon a time, real estate auctions were solely for troubled properties. While the conventional stereotype of an auction is that of a vehicle to move distressed properties, the old scenario no longer strictly holds true. Today, real es…