Real estate in the New York Metropolitan area is hot. Ask any broker and they will tell you that their job is getting more and more difficult because there is simply no supply. Many sellers are having a hard time committing to a sale becaus…
Literally a pebble’s throw from Lower Manhattan, Brooklyn’s DUMBO is one of the most exciting and happening growth areas in the city. An acronym for Down Under the Manhattan Bridge Overpass, it is an area roughly bounded by the Manhattan…
In today’s booming real estate market everyone is looking to turn a profit. Should co-op shareholders be any different? Everyone wants a piece of the pie but at what cost? Subletting cooperative apartments can be very simple if you follow t…
Whether you’re a co-op or condo owner or on your building’s board, you are considered a primary user of the property’s financial statements. As such, you should definitely make it a point to understand what you’re looking at–to not only be …
Many expenses, small and large, are involved in the process of managing a residential building. A majority of these are unavoidable, such as mortgage payments in the case of a co-op, utility costs and payroll; however, when large sums of…
All healthy co-ops or condos possess healthy bank accounts. One way to make sure that financial glow stays bright is to infuse it with extra income, above and beyond the usual monthly fees and payments. There are a number of options for bri…
A full pane of glass fronts the Madison Avenue townhouse office of Stribling & Associates, a luxury residential real estate brokerage firm. Four ornate gold frames hang museum-style in the window and the pictures inside feature large, luxur…
By now, it is evident that the Internet is to our generation what the West was to our founding fathers–a vast land of opportunity to explore and cultivate. The World Wide Web has already established itself as a place to obtain information, …
Quick: the first residential co-op was created in (a) 2000 BC (b) the 1700’s (c) the 1800’s (d) the 20th century. Now, don’t laugh off choice "a," 2000 BC. While there doesn’t appear to have been co-ops quite that far back, there are record…
The following article contains excerpts from a series of statements submitted by Michael Lockhart, president of American Telephone and Utility Consultants and founder of The Coalition for Water Bill Justice, and Lawrence Schatt, deputy comm…