A Brooklyn condominium board learned a painful lesson recently when a jury awarded $55,000 in punitive damages to a unit owner who lived with a leaking roof for 11 years. The verdict in the case Board of Managers of Sterling Condomi…
Many co-op and condo board members know the difficulty of working to resolve arguments between residents. In mixed-use buildings, the problems may be greater. With both commercial and residential unit owners or shareholders in a building, …
The entire real estate industry - from owners and developers to contractors and architects - has been focused on the issue of mold contamination during the past year. However, no segment of industry has been more watchful than cooperative …
If you take a look at a map of Brooklyn, you'll see that nestled between the Buttermilk Channel and Gowanus Bay, there's a funny kind of hook-shaped spur of land that protrudes off the mainland and encloses the Erie Basin. That's Red Hook,…
Moving on a budget? No sweat. Here are some money-saving tips: Understand the estimating process. If you're moving long distance, you can and should get a flat fee. Get it in writing, or it will never have happened. If you're movin…
On the surface, moving sounds like a no-brainer: Put stuff in boxes. Move boxes from A to B. Unpack boxes. What's the big deal? But as anyone who's ever moved can tell you, it's never that simple. In fact, it's often a nightmare that leave…
Every New Yorker knows the face of their mayor. But the faces they might not recognize are those of their city council members, a group that wields more power than most state legislatures. Fifty-one individuals make up the New York City Co…
House hunters often spend weeks, months, sometimes even years searching for that perfect place to call home. Finally they find it - great space, perfect location, price within the budget. But, before signing on the dotted line, purchasers …
In the world of co-ops and condos, few people are more important than a organization's legal counsel. Some of the reasons for needing an attorney's help are obvious - how else would complicated contracts be drawn up and ever-changing laws …
To address the problem of steeply escalating taxes on co-ops and condos, the Council of New York Cooperatives and Condominiums (CNYC) created the Action Committee for Reasonable Real Estate Taxes in February of 1990. During their study and…