As spring arrives and the COVID pandemic (hopefully) continues to wane in NYC, life feels like it’s beginning to return to some semblance of normal - including in the real estate industry. One sure sign is the return of the open house, long…
CooperatorEvents New York Expo returns to the New York Hilton Midtown on Wednesday, May 11, 2022, from 9:00 a.m. to 4:30 p.m. - register for FREE at www.coopexpo.com ! We have an exciting lineup of exhibitors eager to interact in person,…
Local Law 126, which mandates the periodic inspection of parking facilities for structural soundness and safety, was passed in 2021 and went into effect in January of this year. The law requires that parking structures be inspected every si…
Even two years into the COVID-19 pandemic, Americans are finding that buying a home remains challenging. A growing work-from-home economy, fueled by households with newfound financial liquidity, has boosted the nation’s demand for homes. Me…
The hard work of on-site employees - supers, resident managers, doormen, concierges, and handymen - is the fuel that New York’s apartment buildings run on. To a great extent, these employees are represented by Service Employees Internationa…
Q. Our annual shareholder meeting is to be held each April (per our bylaws). However, when COVID started in March 2020, our 2020 annual meeting was canceled and we have not had one since. The last meeting was held in April 2019. When I’v…
Q. In this time of COVID and depressed Manhattan co-op sales, sellers have been willing to accept bids way lower than a board would allow. If a seller and buyer agree to enter into a contract of sale for an acceptable (to the board) selli…
Q. I live in a 192-unit co-op in Brooklyn. The board decided that due to COVID, for the safety of shareholders there will be no annual meeting this year. Also, our maintenance will go up. We have a large outdoor courtyard that I suggested…
An old time-worn saying ‘that you’re only as good as your first impression’ is paramount in how your co-op or condo building is perceived at street level. The curb appeal factor cannot be discounted when people pass by your building and see…
The words communication and community share a common root. It comes as no surprise, then, that the success of communities depends on effective communication between board members, managers, and residents. In multifamily residential communit…