Leaks, Fires, & Construction Damages. Are You and Your Co-op or Condo Ready for the Next Crisis? Smith, Buss & Jacobs LLP

By Cooperator Studio 19 May 2022 Seminars

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News

5/5/2025 Luxury Condo Owners Accuse Builders of Hiding Dangerous Defects - New York Times

The condo board at a troubled 1,400-foot luxury tower on New York City’s Billionaires’ Row is accusing developers of “deliberate and far-reaching fraud” by failing to disclose early cracks in the facade that it says could lead to dangerous structural issues.
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5/2/2025 Carnegie Hall lists artistic director's former UES home for $5.5M - Crain's

Carnegie Hall is hoping the apartment purchased for its top executive will strike a chord with a buyer.
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4/29/2025 Regulations Pose Challenges for Condos and Co-ops - New York State Bar Association

In my time acting as outside general counsel to cooperative and condominium boards, I have become increasingly convinced that the job has been getting harder and harder. Admittedly, this feeling could be just a variation on the so-called Socratic paradox that the more I learn about the role, the more I realize what I do not know.
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4/28/2025 Meet Vita, the N.Y.C. Condo Development Designed to Reduce Energy Consumption by 90% - Robb Report

“Vita is unlike anything experienced to date in the New York City market,” John Gomes, a co-founder of Eklund Gomes, said in a statement. “This is a project that doesn’t just raise the bar—it completely redefines what it means to live well in the city. The seamless incorporation of Passive House principles alongside beautifully curated interiors and amenities illustrate why Vita is the future of luxury living.”
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4/23/2025 Inside an $8 Million Condo on the 29th Floor of New York City’s Iconic Woolworth Building - Robb Report

The Woolworth Building in Tribeca, designed by skyscraper-pioneering architect Cass Gilbert, stands alongside Emery Roth’s Beresford and Ely Jacques Kahn’s Sherry-Netherland as one of New York’s most distinguished residential landmarks. After holding rank as the world’s tallest building from 1913 to 1929, the terracotta and limestone tower saw its top 30 floors converted into luxury condos after it was sold to a developer in 2012. We got a peek inside the building’s epic five-story penthouse back in 2021 (which is still for sale), and now we’re going to check out a three-bedroom spread that spans half of the 29th floor.
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4/21/2025 Naftali Group Launches Sales at NYC Residential Project - Multi-Housing News

Naftali Group has launched sales at The Willow, a 69-unit luxury boutique tower in Manhattan’s Gramercy Park neighborhood. Compass Development Marketing Group is leading the sales and marketing efforts, with prices starting at $1.2 million for a one-bedroom unit.
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4/18/2025 Residents of ritzy NYC condo the Apthorp — where ‘Only Murders in the Building’ filmed — cope with months-long gas outage - NY Post

They’re steaming mad about these hot plates. Residents of the ritzy historic Upper West Side condo, the Apthorp, have been without gas for months — and they’re furious at building management for giving them paltry electric cookers to cope, The Post has learned.
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4/14/2025 Northwind Group, BHI Provide $170M for NYC Condo Project - Multi-Housing News

Northwind Group and Bank Hapoalim B.M.’s U.S. branch BHI have originated $170 million in construction financing for 200 W. 88th St., a luxury condominium project led by Nortco Development in Manhattan’s Upper West Side.
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4/10/2025 Gallerist Lists New York Duplex for $14 Million - Mansion Global

An art connoisseur’s gallery-like Manhattan duplex has hit the market asking $14 million. The plush pad of Swiss art collector and gallery owner Dominique Levy was listed Friday, asking $2.5 million less than what Levy asked the last time the home was on the market in 2017.
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4/7/2025 NYC property manager says he's inspecting trash to avoid compost fines - CBS

Buildings across New York City are now required to separate trash from compost. The citywide composting rules took effect last fall, but fines only went into effect Tuesday. Owners of buildings with one to eight units face a $25 fine for a first-time offense, and larger buildings face a starting fine of $100.
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4/3/2025 Manhattan’s Most Expensive Listing Is Now a $110M Condo on Billionaires’ Row - Mansion Global

The most expensive unit at Manhattan’s 111 West 57th Street has hit the market for $110 million, making it the priciest home for sale in New York City.
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4/2/2025 Pretzels to Penthouses: W37th Street Site Sold for Luxury Condos - W42ST

Former kings of New York City pushcarts, M&T Pretzel are selling their Hell’s Kitchen industrial building — with plans filed to replace it with luxury condos, government records show.
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3/28/2025 See Inside Gawker Founder Nick Denton's NYC Condo, Which Has Sold for $3.5 Million - Finance Monthly

Nick Denton, the founder of the once-controversial media giant Gawker, is putting his iconic Soho loft on the market for $3.5 million. Located at 76 Crosby Street in New York’s trendy Soho neighborhood, the two-bedroom, two-bath condo offers a unique mix of historic charm and modern luxury. It’s the perfect blend of New York industrial history and sleek, contemporary finishes.
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3/27/2025 Naftali scoops up Spitzer’s UES rental building for more than $800M: report - Real Deal

The Naftali Group may be considering a condo conversion, which was presented as a possibility in the property's marketing.
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3/24/2025 A new NYC building is selling a $1 million wine cellar and $750,000 parking spots - Business Insider

A luxury condo building on the rise in downtown Manhattan is selling what appears to be the most expensive wine cellar ever sold in New York.
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3/20/2025 New York’s Condo Laws Can Unlock Value in Office Conversions - Commercial Observer

New York’s extensive inventory of obsolete or distressed office properties has investors and developers thinking big, as we New Yorkers tend to do.
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3/17/2025 Sales, stalls and rentals: What happened to the FiDi condo boom? - The Real Deal

Overpriced units piled up in Lower Manhattan after mistimed development influx.
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3/11/2025 Media titan Byron Allen has sold his Billionaires’ Row condo for $82.5M — and it’s NYC’s priciest deal so far this year - NY Post

Media titan Byron Allen is the toast of Manhattan’s Billionaires’ Row, having just sold his sprawling full-floor apartment at the ultra-exclusive 220 Central Park South for $82.5 million — marking the biggest sale in the city so far in 2025, The Post has learned.
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3/6/2025 Tracking Manhattan Apartment Prices: It Comes Down to Condos vs. Co-ops - NY Times

Even by New York City standards, the past decade has been a volatile one for Manhattan real estate, from the aftermath of the subprime mortgage crisis, through a deadly pandemic, and into a period of excessive rents and interest rates. It’s tempting to step back and think that buying a home in Manhattan has never been harder.
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2/26/2025 Inside the small, competitive Park Slope condo market - Real Deal

Demand is on the rise as buyers seek entré into highly desired Brownstone Brooklyn
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