Mayor Michael R. Bloomberg has unveiled a $59.4 billion budget plan for Fiscal Year 2010 that reduces the city’s workforce by about 13,000 jobs and counts on givebacks by organized labor to reduce a projected $4.8 billion budget gap. …
With a worldwide fiscal crisis in full swing and many New Yorkers more stressed than usual over lost jobs, pay cuts, and dwindling assets, the last thing any co-op or condo community needs is the additional expense and acrimony of a la…
At the height of the housing boom, some builders attempted to recapture profits lost in the price they paid for their properties by cutting costs spent on labor and materials, and many others could not find good contractors or obtain l…
Sometimes our neighbors can be our best friends. They’re the people we turn to for emergency babysitting help, or for a cup of sugar, or for that friendly chat in the elevator. Sometimes, though, the people we live in close proximity to…
Consider the (fictional) couple, Mr. and Mrs. Smith. They love their co-op apartment, and have lived in their comfortable and convenient New York City neighborhood for the last seven years, moving in when Mr. Smith took a job as editor…
As the legislative session in Albany winds down for the year and the New York City Council continues to address legislation, as always, there are several measures in play with serious implications for the condo and co-op community. …
Those who handle the management of any kind of residential building deal with contractors and contracts regularly—but they aren’t the only ones who should know about the process. It’s not necessarily an arcane topic—whether the project i…
While previous columns focused on numerous outrageous situations that have faced us during our more than 25 years of collective service to our cooperative and condominium clients, one case sticks out in our minds. Incredibly, one case morph…
The City Council is at it again with another attempt to create havoc for our co-ops. Intro 13, sponsored by Councilman Tony Avella is artfully crafted to conceal its true objective: Prohibit the right of co-ops and condos to control pet…
New building codes went into effect on July 1, 2008 that have completely revamped the inspection and testing procedures for elevators, escalators and other vertical transportation equipment in buildings. The new and more stringent elevat…