When Mayor Michael R. Bloomberg took office in January of 2002, he inherited a city still reeling from the September 11th terror attacks—and had to fill the not-insignificant shoes of outgoing mayor Rudy Giuliani. Since then, Mayor Bloom…
Q I have a one-bedroom co-op in a six –story, 78-unit building in the Bronx on the market for $53,000 and have a prospective buyer who filled out the board application and provided the financial information required by the board. After …
Q Our six-story Queens condo is considering replacing our elevator. We have stairs, obviously, but getting up and down six stories will be difficult for some of our older unit owners. What legal obligations do we have as the board to p…
Q After serving on my board for the past two years as a vice president, I have now been elected president of my 83-unit Manhattan co-op. The equity sponsor (and 14 percent shareholder) has always been on the board, and for the last thre…
Q We have only three board members in our building. The current board has been in place for about seven years, and our shareholders would like to remove them because they’re ineffective. They failed to replace a board member who resigne…
For many people, their home is their greatest asset. Yet studies show that 59 percent of today’s homes are underinsured by an average of 22 percent. To protect their investment this hurricane season, homeowners should update their insura…
There are myriad of ways to get back and forth from Manhattan to Nassau County. Whether you’re driving, taking a train, or bussing it, there’s no shortage of access to what has become an exurban retreat for many commuters and families …
Individuals and companies all need to be properly covered by insurance but the wide variety of choices can make obtaining that coverage a daunting process. To help buildings and companies make the best choice with minimal hassle, the I…
Paleolithic whale-hunters, American revolutionaries, an adored president, French castles, and bathtub gin all combine to paint a portrait of one of New York’s richest historical landscapes—and one that perhaps few people fully apprecia…
While there are many similarities between co-ops and condos, are the two very different when it comes to things like insurance and liability? The answer is both yes and no. There are similarities, but some significant difference…