A luxurious penthouse condo at One57 that was owned by Nigerian oil tycoon Kola Aluko (who, according to The Daily Beast , reportedly dated supermodel Naomi Campbell, once held a birthday party for actor Leonardo DiCaprio, and rented a y…
New York City Mayor Bill de Blasio's recent comments about private property rights have raised some eyebrows, both in the media and especially the real estate industry. In an interview with New York Magazine , de Blasio--who is ru…
Given that a condominium or co-op board is charged with representing the interests of a diverse group of homeowners or shareholders, it follows that boards themselves should embody the diversity of their resident population. In New York Cit…
One of the facts of life that apartment dwellers live with -- particularly those in older buildings -- is the window-unit air conditioner. Certainly the upside of having one is that it gets you through the airless, sweaty nights during the …
Incorporated under Article XI of the Private Housing Finance Law, Housing Development Fund Corporation (HDFC) cooperatives are partnerships between public and private interests that help the tenants of city-owned residential co-ops – often …
One likely looks upon a towering high-rise shining upon the Manhattan skyline, and assuredly thinks to oneself, “that building must be quite the endeavor to manage, should it be a condominium or co-op residential property.” And that hypoth…
The New York City Fire Department (FDNY) recently passed new rules affecting many multi-family dwellings in the city. As reported in Habitat last month, duplexes and triplexes were required to install reflective signage on apartme…
The co-op application process is one of rigor and induced anxiety, whereby aspiring shareholders are scrutinized not only for their finances, but their character and demeanor as well. The length of the review varies by association, but it o…
Many apartment dwellers live under the misconception that their choice of dwelling--whether it’s a multi-family building or in a community--relieves them of many of the mundane responsibilities of home ownership, like no lawn to mow and no …
One can be forgiven for not keeping up on the latest in technological development. When it seems like Apple is holding keynote events every 11 days to unveil the latest iPhone, it can be both mentally and financially exhausting to stay on t…