You found the perfect co-op apartment, close to work, near good friends and good restaurants. And it’s a great investment. You apply to the board and suddenly find yourself on the receiving end of a rejection letter. What happened? Wit…

Round-Up of 1999's New York Real Estate Market by Peter R. Marra, President of Willam B. May By all accounts, 1999 was a banner year for New York real estate. On virtually all fronts, 1999 broke all previous records both in the…

Over two decades ago, an amendment to the New York City Civil Court Act transferred enforcement proceedings connected with housing to the Civil Court. This amendment established what we now know as housing court, where residential landlord …

It’s a corner of New York City where the Hudson River kisses the shore and majestic towers reach to the sky. It’s a place where business professionals make multi-million dollar deals and parents raise their children. It’s a place to dine wi…

Annual shareholders’ meetings are in our midst. It takes a lot for a board to prepare for the spring occasion, but if thoughtfully planned by a building’s board and managing agent, it can become a successful forum for board elections, the d…

It’s three o’clock in the morning and your building’s boiler has just broken down. Your property manager is woken from his sleep by a phone call from the superintendent telling him that there’s a catastrophe at hand. You’re left shivering i…

Peculiar as it may sound, the union of a building and management company can be likened to a marriage: the mate that suits you best might be incompatible with your friend. Likewise, a management company that works well for one building migh…

New York City is in a constant state of flux. At no time was this better illustrated than during the recent New Year’s Eve celebrations. Photographs of Times Square celebrations past were constantly flashed across television screens, but wh…

So, it’s the holiday season again and everyone is feeling generous, even you. You seem to have gotten past your Scrooge-stage and feel like splurging on someone else for a change. You don’t mind going the extra mile for your neighbor or run…

Nearly 100 percent of New York City co-ops have an underlying mortgage of anywhere from a few thousand dollars to millions of dollars. If you own a co-op, having an additional multi-million dollar mortgage hanging over your head might sound…