Q Our co-op has a question about our various insurance policies. Our insurance agent has recommended to the board that we keep our Directors & Officers (D&O) coverage separate from our general liability coverage. I understand that som…
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Q Our co-op has a question about our various insurance policies. Our insurance agent has recommended to the board that we keep our Directors & Officers (D&O) coverage separate from our general liability coverage. I understand that som…
Q I am the vice president of our co-op board. Just recently we found out through a real estate ad that the president of the board is selling his unit. Does this pose a conflict of interest? In effect should the president remain the …
Q I live in a high-rise co-op on the Upper East Side and have a situation where my neighbor two floors down built a terrace and installed six string up-lights, for "landscape" lighting, which shine up into my windows. They leave the…
Most of your buildings have a shareholder—or maybe two or three—who fit into a particular mold: you know, longer hair, Birkenstocks, vintage Woodstock t-shirts; or maybe yours has the $5,000 suit, $1,000 shoes, and starched attitude. Th…
I often go up to Washington Heights, an area where I lived many years ago, just to walk around. On one recent trip, I decided to take a look into the lobby of my old apartment building on Cabrini Boulevard to see if there had been any …
Astoria Boulevard is the second-to-last stop on the N-W subway line. The N train whistles against the track on a banking turn near 39th Avenue, five subway stops south of Astoria Boulevard. There’s a sign posted inside the train explain…
Few things can be as upsetting as discovering that the funds that fuel a co-op or condo have been mishandled—or worse yet, stolen. For residents, fraud undermines their sense of trust in the men and women who oversee and manage the plac…
Every co-op and condo community has a board of directors in charge of governing the community’s finances, physical maintenance and other day-to-day business. Part of the board’s responsibility also is to keep the community fiscally soun…
Ari Meisel lives in a 4,000-square foot loft in a four-family co-op building in Soho—he also operates several green buildings, consulting and real estate businesses from the comfort of his own unit. He has lived in this building for his…
As the leaders of a private corporation in which shareholders own stock that entitles them to live in an apartment within the corporation’s building, residential co-op board members have a lot of responsibility. Along with this responsi…