Every neighborhood - even every block, in some cities - has its own personality, its own charms…and its own issues, from lack of street parking to noisy construction sites to marauding feral cats. Whereas in decades past, neighbors might bu…
The quest to achieve a zero carbon footprint by 2050 - the holy grail set by New York City to battle global climate change - is far reaching. So far reaching in fact, it involves nearly every component of building function and construction…
Among the many lingering effects of the pandemic in NYC is a surfeit of empty commercial spaces - many of them on the ground floors of co-op and condominium properties. Lack of street traffic, supply chain issues, and other obstacles proved…
While co-op boards have an enormous amount of influence over who is - and is not - allowed to purchase shares and call their building home, condo boards have far less power in that regard. While co-op boards can (and usually do) reject bu…
Q. Our Nassau County co-op was converted in the 1980s. The current property manager owned and managed the property as a rental property pre-conversion. The firm still manages the property. Recently, two apartments we had for a resident su…
Serving on the board of directors of a co-op, condo, or HOA can be a daunting undertaking, but there are numerous resources available to get new members up to speed and to inform seasoned members of the latest products, services, laws, and …
The topic of insurance can provoke fear in the most steadfast of board members. It’s both terrifying in what its purpose implies, and yet at the same time mind-numbingly boring. It’s also one of the most important components in protecting o…
When the average American taxpayer (or tax-dodger, one supposes) hears the word “audit,” they’re likely struck with a feeling somewhere between annoyance and terror—usually because being audited means that something has been found amiss in …
Cash flow is the lifeblood of any multifamily residential community, be it a rental building, condo, co-op, or HOA. However, because the latter three are nonprofit entities, maintaining consistent cash flow is even more critical to their he…
The NYC Department of Finance Office of the NYC Comptroller recently released a report detailing options for the city to secure new sources of funding for services. Among these are two that seek to achieve more equitable taxation of real pr…