With mortgages as common as they are today, most borrowers know the standard steps in securing a loan for a condo or co-op. In the simplest terms, a borrower must first pick a lending institution, be it a commercial bank or mortgage banker.…
The economic boom of the last few years has been a remarkable period of prosperity for the real estate industry in general, and co-ops in particular. Shareholders no longer need to feel trapped; the time is now for co-op boards to tackle th…
Out of concern over escalating property taxes, The Action Committee for Reasonable Real Estate Taxes was formed in 1990. Created by The Council of New York Cooperatives and Condominiums (CNYC), the committee uncovered a gross disparity betw…
"Foreclosure" is a word no co-op or condo owner wants to hear, but when residents fall behind on maintenance fees or common charges - when their financial burden becomes too large to shoulder - sometimes foreclosure can be the only answ…
On February 8, 2001, The Cooperator presented its annual Leadership in Management Award to three managing agents who went "above and beyond the call of duty" in seeing to the needs of their buildings and residents over the last year. Th…
Beyond collecting monthly maintenance payments, co-ops and condos are always searching for creative methods of generating discretionary income. Renting out excess parking areas and installing storage lockers for rental are two ways to boost…
Is the entryway of your building looking less than inviting these days? Perhaps the lobby isn’t as cozy and welcoming as residents might like, or maybe it’s the mailroom that needs some work. If it’s been years since the last time your comm…
"It’s very special to have outdoor space in Manhattan. It’s so valuable," says Madelyn Simon, CEO of Madelyn Simon Associates, that specializes in interior and exterior plantscapes. Simon’s past projects have included landscaping the butter…
It’s not that your lobby looks bad. It’s just that the mirrored light fixtures and orange trim that seemed so stylish in the (original) days of Abba and flared slacks feels rather dated now. A renovation appears inevitable. How should your …
Going solo, doing it your own way, the right way. That’s what the three principals of Impact Real Estate Management decided to do. When the three met five years ago, they all had the same idea. They agreed many in the management business we…