You may have heard that thanks to cooperative corporations being included in the new federal Stimulus Bill passed at the end of December, residential co-ops can now obtain loans under the Fed’s Paycheck Protection Program (PPP). While this …
When one buys a private single-family home, it’s clear who the king or queen of the castle is: the homeowner. When it comes to condominiums and cooperative apartments, however, the relationship between owner and property is a little more co…
While residents generally like the idea of community that living in a condominium or co-op provides (that’s why many opt for this type of ownership), few are as excited about the idea of serving on their community’s governing board, or on a…
Condos and co-ops are unique in their management structure, of which there are two levels: the board of the association or corporation, which governs the community on behalf of the unit owners or shareholders, and a hired management agent, …
The long-awaited rollout of COVID-19 vaccinations has begun at last, but has gotten off to a decidedly bumpy start. Getting shots to nearly 20 million New Yorkers - twice - has hit snags around everything from the supply chain to equitable …
Home equity is one of the biggest contributors to household wealth. According to a Census Bureau report, two assets—home equity and retirement accounts—account for 63 percent of American households’ net worth. Yet, prior to the COVID-19 pan…
Over the past year, you may have been one of the many who tuned in to CooperatorEvents’ popular free Virtual Town Hall Webinar series. For 2021, CooperatorEvents is again expanding our roster of resources for boards, managers, and reside…
With 2020 finally behind us, co-op shareholders and condominium owners are looking forward - and their boards are seeking to make improvements and changes that reflect both the crises of the past year and issues put on hold as the pandemic …
The COVID-19 pandemic has wreaked havoc on many segments of the real estate market in the past year. A recent article in The New York Times notes that many home markets have been very active and have seen prices increase - with the exce…
According to recent write-ups in the New York Times and New York magazine, life for some residents of 432 Park Avenue, the super-tall, super-luxe condo tower overlooking Central Park on the corner of Park Avenue and 57th St. in Midt…