With interest rates at historic lows, never rising too far above 4% these days, boards are looking at refinancing their co-op's underlying mortgage to build up their reserves as a viable alternative to raising maintenance fees or levyin…
New York City is known for having some of the very best urban opportunities in the world—among the best colleges and schools, museums and libraries, as well as some of the finest parks, the most interesting architecture, the most intrig…
In the typical suburban condo development, one must go to another location to shop— maybe to the mini-mall, or the big box store down the road. But in New York City co-ops and condos, stores are often found on the ground floor—supermark…
For a crystal-clear picture of how a co-op board or condo association is doing, there are few better lenses than the community's budgets and financial reports. From an investment perspective, they show the association board, property m…
Money is a topic some people are skittish about discussing. When you’re a board member or the managing agent of a residential co-op or condo building however, there’s no benefit to skirting financial realities just because they may be di…
Many regular readers of The Cooperator doubtless remember the struggle that ensued in the spring of 2011 when co-op officers and elected officials in Eastern Queens declared a “tax revolt” against the city for huge increases in assessed…
Q “I know you probably get tons of questions—I have combed through your site and am looking for information regarding the rights of shareholders to see books. Our managing agent and board are refusing to allow viewing of anything but mi…
Perched on the East River waterfront and offering up stunning views of the Statue of Liberty, the Manhattan skyline and the Brooklyn Bridge, Brooklyn Heights is the borough’s most expensive neighborhood and attracts tourists by the busl…
Given our chilly winters and blistering hot summers, those living in New York co-ops and condos are keenly aware of the importance of properly working heating, ventilation, and air conditioning (HVAC) systems. That’s why it’s im…
Think about this: according to the United States Department of Labor, each year nearly 2 million American workers report having been victims of workplace violence. Fraud committed by employees cost American companies approximately $20 …