Winter is the harshest season when it comes to wear-and-tear on residential buildings. Not only does ice collect in cracks and spaces between bricks and masonry, contributing to façade deterioration, but salt also erodes surfaces, boile…
On Thursday, August 14, 2003, New York City experienced a blackout of major proportions, part of an event that affected eight states and part of Canada as well. The Cooperative Coalition to Prevent Blackouts (CCPB), and the Federation of N…
During the recent citywide blackout, most everyone found themselves somewhere in the dark, and the city's co-ops and condos were no exception. The 24-hour crisis left nearly everyone in New York's five boroughs (and much of the Northeast) …
Since September 11, 2001, most buildings in New York City have taken security and safety measures much more seriously. Although the effects of the terrorist attacks two years ago forced co-op and condo managers and owners to reevaluate saf…
If an electrical fire destroys your newly renovated kitchen, will your co-op pay to replace your space-age stove and slate countertops? If a pipe bursts in your condo and your $10,000 wallpaper is ruined, who pays to fix it? The answers to…
After the terror attacks of 2001, many co-op and condo buildings in the New York area got another nasty shock: insurance premiums suddenly spiraled upward as much as 50 percent or more in the space of one or two billing periods. Some build…
You live in a doorman building on the Upper East Side - your building has a health club, a concierge, and an attentive board/management team that keeps everything running smoothly, 24/7. With what you're paying in monthly maintenance, you …
The ads fill the television airwaves each day. Dozens of lawyers encouraging injured parties to sue and collect their claims. It's there on the street, too; every time someone slips or falls in front of a building, there's that look of pan…
In today's low interest rate environment, refinancing is the top agenda item for many cooperatives. However, while the current interest rates would seem to guarantee a "win-win" situation, a savvy board must take into account more than ju…
Many buildings have square footage hidden away that could be converted to residential use. Hallways, rooftops, unused garbage rooms, basement closets, abandoned water tank rooms - all are potential additions to an adjacent shareholder's ap…