The U.S. Treasury Department announced in January that it will begin to track illicit cash purchases of luxury condos in New York and Miami. In New York, the new regulations will apply to cash transactions of $3 million or more. The federal…
Back in 2011, New York City’s Department of Finance released its annual property assessments for residential buildings in all five boroughs, and co-op and condo residents in Northeastern Queens were not happy with the results. The valuation…
Winter in New York can be brutal—piles of slushy gray snow to wade through and frigid winds that keep you inside. So you curl up with a good book, sip a cup of tea and watch the flurries through the window. As the flakes fall, you might fin…
Managing a co-op or condo association can be a challenge. If you’re new to the board of directors or are an old hand at association leadership, you need to know what it takes to keep your community running smoothly. In any type of economic …
Though the practice may have slowed slightly since the apex of the housing market a couple of years back, condo (and to a lesser degree, co-op) owners still sometimes look to expand their own living space by combining two apartments into on…
What is the prognosis of today’s real estate market, especially when it comes to condos? Last year, realtors and real estate experts interviewed by The Cooperator pointed to robust increases in sales and prices as well as increasing buyer c…
Concerted efforts by a group of industry professionals are about the bear fruit, as a Big Apple Chapter nears certification by the international Community Associations Institute (CAI). The new chapter—representing condominiums, cooperatives…
Whether you live in a suburb or in the heart of the city, life is expensive. Sometimes it can feel as though everybody from the barista at your favorite coffee shop to the kid who bags your groceries is trying to nickel-and-dime you half to…
New York City condo owner John Doe lost his job and couldn’t pay his bills. Eventually, the bank foreclosed on the mortgage to his condominium apartment, and Joe was forced to move. On his way out the door, the disgruntled Mr. Doe—who alway…
Murray Hill, a respectable traditional neighborhood in Midtown Manhattan, started as a small farming community but soon became a playground for the wealthy with industrialists like J.P. Morgan and John Jacob Astor building their townhouses…