After the deadly collapse of a parking garage building in lower Manhattan last year, the City of New York moved to prevent similar tragedies from occurring, undertaking the herculean task of inspecting every garage in New York City for crac…
It appears that a federal program aimed at assisting low- and moderate income shareholders in Mitchell-Lama and other subsidized co-op properties through a New York State agency is coming back to complicate, rather than simplify, residents’…
Q. There has been a leak in my line in my co-op. I have reported the leak, three of my neighbors have also reported leaks. The co-op board has had the super make repairs, and he plasters and paints around the leak. There is a mold smell i…
The national housing market for 2023 will likely be remembered as one of converging challenges, especially for the multifamily sector. A recession possibly looming, ballooning interest rates, steady inflation, global instability, and a stri…
Cooperative corporations and condominium associations are collectives of shareholders and owners, respectively. Both are governed by a board, the members of which are typically elected by those same shareholders and owners. Immediately fo…
At the heart of every shared interest community is the person who makes it run. That person is known by many names: superintendent (or just ‘super’), building engineer, resident manager, community manager. Their duties and responsibilities…
As we move toward spring and summer, major capital improvement projects become the focus for many co-op and condominium communities. One of the largest projects your community may undertake is a roof replacement. Whether a high-rise, mid-ri…
With most home moves occurring between April and September, now’s the perfect time for homeowners to start preparing to sell their homes, according to the Northern Virginia Association of Realtors® (NVAR) which recently released six tip…
After a long period of low rates marked by high levels of activity in financing, the dramatic climb in interest rates over the past two years has presented challenges for co-op buildings faced with refinancing their underlying permanent mor…
In 2025, the first compliance requirements for Local Law 97 will become a fact of life for literally thousands of New York City co-ops and condos, and those who call them home. Local Law 97 is far-reaching legislation aimed at making New Yo…