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Finance Estate Planning
2003 Dec/Jan Estate Planning

The death of a loved one not only brings grief and sorrow, but an agonizing pile of paperwork to tend to and affairs to get in order. For residents of New York City, it also means figuring out the fate of the deceased's co-op or condo apar…

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Finance The 80/20 Dilemma
2003 Dec/Jan The 80/20 Dilemma

Picture this: the mom-and-pop dry cleaner that has inhabited your building's ground floor retail space for years is moving out and a broker tells you that an upscale clothier wants the space for triple the rent. Or perhaps one of the many …

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Finance Flippin' Out
2003 Dec/Jan Flippin' Out

As buildings age, they inevitably need repairs and capital improvements - a boiler needs replacing, the façade needs repair, or the outdated lobby can use a facelift - to name a few. For cooperative buildings with healthy reserve funds, t…

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Finance Make-A-Wish
2003 Dec/Jan Make-A-Wish

The turning of a new year is always a time to reflect on the old one, make personal resolutions for the next 365 days, and maybe make some wishes. 2002 was a roller coaster year for New York real estate, charting spikes and lulls in activi…

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Law & Legislation A New Lease on Life?
2002 Nov A New Lease on Life?

One of the main documents governing the majority of New York City's co-op buildings is the antithesis of the well-known Oldsmobile ad: it is your father's proprietary lease, and many of its parts are not exactly of-the-minute. Sponsors of …

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Board Operations Listen and Learn
2002 Nov Listen and Learn

Co-op boards make decisions for the good of all shareholders, not just one or two. Though board membership may be a selfless proposition, productivity results from a concerted effort to put duty first, with personal conflicts and interpers…

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Interior What in Blazes?
2002 Nov What in Blazes?

If there was a fire in your building, are you confident that you and your family would be adequately warned, protected and saved? If you're not absolutely certain, consider this: last year, there were 27,788 structural fires in New York Ci…

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Law & Legislation Legal Rights of the Disabled
2002 Nov Legal Rights of the Disabled

Getting around in New York City can be difficult, even at the best of times; traffic, crowds, construction, and inclement weather can all conspire against even the most able-bodied city-dweller. The situation can be more troublesome still …

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Interior Flight or Fancy
2002 Nov Flight or Fancy

In the future, we might have molecular transporters or some other newfangled invention defying the laws of gravity, but for some 150 years, Elisha Graves Otis' method of transport - the elevator - has stood the test of time. Since th…

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Interior Oh, Chute!
2002 Nov Oh, Chute!

Winter is here, and it's time to shut the doors, seal the windows, and crank up the heat in a quest to stay toasty warm. Unfortunately, while you work hard to thwart the wintry weather on the outside, the air inside your building may be ge…

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