Market wide, sales prices for co-ops and condos in Manhattan have been rising steadily year-over-year for the fifth consecutive year. That is according to the latest study, 2017 Manhattan Decade Sales Report , released by Douglas El…
Working for any sort of multifamily community–whether it’s a condo, co-op, HOA or rental–requires a certain amount of skill and training. After all, staffers carry out many duties, and often have access to residents’ property and personal i…
Changing management companies can be a complex process -- but it doesn't have to be an ordeal. By making sure that your community's important documents and information are transferred from the outgoing firm to the incoming one in a timely, …
Like any homeowner, co-op owners are always planning improvements to their homes. But one major difference between a cooperator and a homeowner is that the cooperator just can’t do whatever and whenever he/she wants. For example, if if th…
On an otherwise uneventful January 8th evening, with a run of major holidays in the rear view, the denizens at 2186 Cruger Ave., in the Bronx still had something to celebrate. Some 20-plus shareholders in the 72-unit building congregated in…
Members of a condominium or co-op homeowners’ association (HOA) have a fiduciary responsibility to manage their community’s funds wisely, and to protect the financial interests of all owner/shareholders. Breaching this duty carries the real…
Among the many positive aspects of apartment ownership (rather than renting) are long-term stability and long-term occupancy. Long a city of mostly renters, New York City has transitioned into more and more a city of owners over the past 4…
A condominium, cooperative or homeowners’ association thrives or falters based on how all of the various stakeholders involved can come together in effort to achieve a common goal: the maintenance of a successful and stable residential comm…
Owning a unit in a multifamily co-op or condo carries a great many benefits in the form of shared responsibilities, but it also requires compromises along the lines of control: what your board, management, and building staff can or cannot d…
Everyone can use a little help now and again. The residents of condominiums, co-ops or homeowners’ associations are no exception. There are tons of tasks that just cannot be left up to the board or residents who are busy people themselves, …