An old adage of the real estate game speaks of the importance of "location, location, location," meaning that value goes up (or down) depending on where a property for sale is located. The hot 'location' in New York is constantly moving. Al…
East of the busy intersection of Atlantic and Flatbush Avenues in Downtown Brooklyn, where the Long Island Rail Road and almost 10 subway lines intersect, one finds, in the shadow of the landmark Williamsburgh Savings Bank building,…
Q In our Queens co-op (containing 68 apartments) we do not allow laundry washing machines. A few owners have had them from years back, others have recently renovated and installed washing machines in their apartments. This cau…
Q Our building is 75 percent shareholders, 25 percent sponsor units (renters). The sponsor units fall under the Emergency Tenant Protection Act (ETPA) of 1974. My question is, doesn’t everyone in the building, shareholders and sponsor u…
Q I would like to know if the board has the right to alter minutes given to the shareholders, because there were questions raised at meetings that they would not answer and are left out of the minutes. Are there any regulations governin…
Q For estate planning purposes, my wife is the sole owner of our co-op. A recent change to the New York State law permits assets to be transferred on death by use of a “Transfer on Death” designation. Like a trust, this avoids probat…
Leaks happen all the time. American Leak Detection, a nationwide company (unrelated to the Scooter Libby trial), claims to have discovered 1.4 million leaks last year alone—and that's just one company! Common as they are, leaks can cause qu…
Want to know what it is like to live in the Murray Hill section of Manhattan—that strip between Madison and Third avenues that runs roughly between 29th and 38th streets? You could ask someone who lives there, but be forewarned - th…
Over the past five years, we've driven crime down to historic lows. And as our city's crime rate continues to fall, positive economic indicators continue to rise. One of greatest signs of confidence in our city's future is the record number…
As the cycle of work from the most recent Local Law 11 deadline expires, buildings inevitably must resolve issues over fees they owe to the contractors who did the work, completion of the work and questions about the quality of the …