Most board members and managers in New York City’s co-op and condo buildings know the drill when it comes to Local Law 11 inspections, meaning inspections of the exterior walls of buildings in the city that are more than six stories. The l…
Brick, stone, steel and glass…the exteriors of New York’s co-op and condo buildings are as recognizable as the skylines they form. Keeping them current and shapely is the responsibility of the boards and managers who oversee each residenti…
We have a co-op building with 47 apartments. The original sponsor (say Owner A) established the co-op long ago. In 2012, he sold his ten apartments to Person B, then B sold them to C in 2013. As per the offering plan, Owner A is a sponsor. …
Q At the time, I purchased my 3-room apartment in January, 2014, my proprietary lease indicated that I have 157 shares, and that I have no garage. No other information was provided at the time concerning what was covered by the 157 shares…
Without a doubt, storage space is a supreme luxury in New York City. With small living spaces selling at high prices abound, unit owners commonly require additional capacity for bikes, out-of-season clothing, suitcases, business files and …
In any co-op or condo association, as with any decision-making body, meetings are essential for influencers to gather and make choices that best represent the interests of their communities. However, these meetings do not—and cannot—…
You may live in the most well-run and self-sufficient building in the city, but no building is an island, not even in developments from the sprawling Stuyvesant Town- Peter Cooper Village in Manhattan to Co-op City in the Bronx to the smal…
Big purchases come with big reams of paperwork...it’s frustrating, but a fact of life. For co-op shareholders and condo owners, that concept can equate to hundreds of pages of documents outlining everything from the financial status of the…
Often, the best, most successful boards and communities share the same combination of habits and traits; all the while, the worst, least successful boards and communities share the same habits and traits, as well. Case in point: there isn’…
Frequently, there are needs for repairs, replacements, services, cleanings, or renovations; thus, service vendors are necessary trade professionals for condo or association boards. Carmelo Milio, the president and director of property mana…