Employment figures may be up, and the economy may be showing signs of life after the long winter of the Great Recession, but the real estate market is still shaking off the chill. New York City in 2010 saw few building permits issued, …
The real estate market in New York City isn’t what it was in the recent past—a fact that troubled many brokers, but which for buyers was a good thing. Across the market, prices are still well below their height of a few years ago, and s…
It’s time to turn our attention to The Cooperator’s 2011 Co-op & Condo Expo, a must-attend event for the tri-state area’s property managers, board members, real estate professionals, shareholders and unit owners. Now in its 24t…
Q I am the owner of a one-bedroom apartment on the Upper West Side of Manhattan. I have a legal subtenant who filled out all forms and paid all the fees as described on the required two-year lease provided by the board, including that o…
Q I am an owner in a building that went condo 10 years ago. In 2008, our taxes were reduced by a firm that does this procedure for the building. However, my individual real estate taxes are way out of line compared to other apartmen…
Q We have had one tenant/shareholder who has cost the co-op over $100,000 in legal fees since 2000. We continue to be at odds with this tenant because of her objectionable behavior. She continually makes unfounded calls to the police d…
Nowadays, almost every co-op and condo board member and every board manager knows about Local Law 11 inspections. The law and its predecessor, Local Law 10, were originally enacted to make building facades safe and to protect pedestria…
When most of us think of New York City architecture, skyscrapers and brownstones are probably what spring to mind most readily—but there's a lot more to New York City's beautiful buildings than just plate-glass and bricks. The city is h…
Between 2011 and 2013, owners and managers of existing properties in New York City will start to feel the impact of two energy-related laws signed by Mayor Michael R. Bloomberg at the end of 2009. Many property professionals might stil…
Condominium boards of managers and cooperative corporation boards’ of directors face special challenges when dealing with unit owners or tenant-shareholders who suffer from mental illness, psychological disorders and/or substance abuse.…