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Maintenance Getting the Lead Out
1997 Apr Getting the Lead Out

What do you know about lead-based paint? Perhaps you know that it's a toxin that's espe- cially dangerous to children under the age of six, and that even fetuses can be affected since they can be exposed to lead through their mother's blo…

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Finance Relocation & the Board
1997 Mar Relocation & the Board

Even at the most stately Park Avenue address, relocation is a frequent activity as apartments are bought and sold and sublet tenants or roommates move in and out. More than 100,000 people hire movers every year in New York City. But while…

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Buying & Selling Where Have All the Bargains Gone?
1997 Mar Where Have All the Bargains Gone?

The hit musical Rent burst onto Broadway last year amid unanimous praise for its originality and high- energy performances. This tale of down-and-out New Yorkers struggling to pay the rent while they face issues of life and death has turn…

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Maintenance Sidewalk Shed Safety
1997 Mar Sidewalk Shed Safety

You are walking along the sidewalk and, as happens so frequently in New York, you approach a portion that is covered by a sidewalk construction shed. Thinking nothing of it, you stay on that side of the street and continue walking under i…

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Finance New Ruling on IRS 277
1997 Feb New Ruling on IRS 277

Cooperative housing corporations are not exempt from income taxation. Like any other taxpayer, a housing cooperative must pay tax on its taxable income, i.e., its gross income less allowable deductions. Not all amounts that would seem to …

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Finance Tax Abatements Are Good News,
1997 Feb Tax Abatements Are Good News,

The City of New York, in its infinite wisdom, has classified properties into various categories. Class one properties consist of one-, two- and three-family homes and class two properties are multi-family residential properties including …

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Buying & Selling Consider a Building's Fiscal Health
1997 Feb Consider a Building's Fiscal Health

One of the most important issues in deciding if a cooperative or condominium apartment is a wise investment is the financial status of the building itself. The key document that potential buyers should review is the annual financial state…

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Management Your New Management Company
1997 Feb Your New Management Company

Any major change takes some getting used to and hiring a new management company for your co-op or condo is no exception. Even though you're anxious to ring out the old, you can't help but be a little apprehensive about whether the new com…

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Maintenance Clean Chutes and Ducts
1997 Feb Clean Chutes and Ducts

Michael Radomsky, on-site manager of a 16-unit prewar cooperative on Park Avenue, was hearing complaints from the residents about unpleasant cooking odors on the landings. To handle the building's problem, Radomsky put matters into the ha…

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