When it comes to purchasing a unit in a condominium, co-op or homeowners’ association, everyone is rightly concerned with square footage, baths, beds, kitchen aesthetics—all of the hallmark bells and whistles. But before a potential buyer c…
At the moment, it appears that tenants at residential buildings throughout the city can temporarily breathe a sigh of relief. On Friday, it was announced that a tentative agreement was reached between the Realty Advisory Board of Labor…
Co-op and condo communities switch management companies for an array of reasons - but regardless of why a change is made, it's vitally important for the incoming firm or managing agent to have all the necessary documents, paperwork, and rec…
The power of a co-op board to approve or reject sales, as well as co-op applicants, is pretty much unlimited -- as long as the decision is made within the limits of applicable law. Boards require extensive information and documentation -- k…
A fire in an condo unit on the 50th floor of Trump Tower that killed one resident on April 7th has drawn attention to the issue of installing sprinkler systems in older, larger residential buildings. In 1999, the City passed a law re…
When it comes to selecting a multi-family building insurance premium, the natural tendency is to go with the least expensive option. But cheaper doesn't always mean better or even proper. Insurance expert Edward Mackoul outlines the common …
The daily operations of your condo or co-op could be disrupted or not, depending on what happens after April 20. As reported by Crain's Business New York , negotiations between the city's apartment building owners and labor union …
The last three apartments in your luxury hi-rise condo were sold to a troika of Russian oligarchs, who all paid well above the asking price. But now those oligarchs are on the sanctions list, and have withheld their monthly maintenance fees…
Beyond the obvious concerns of injury and liability from accidents caused by disrepair, sidewalk maintenance is also important when it comes to establishing a good first impression of your building overall. With some basic knowledge of what…
Getting buy-in from residents on expensive equipment installation or upgrades can be tough - especially if one's existing equipment seems to be getting the job done. But 'functional' isn't the same as 'optimal' - and making some changes to …