Once again, a push to pass legislation requiring co-op boards to disclose their reasons for rejecting would-be shareholders is afoot in the New York State Senate. The bill is sponsored by housing committee chairman Brian Kavanagh, a Democra…
Is a condominium -- or any type of common interest community -- a democracy? Do the shareholders in a co-op have the right to access the documents and information their boards use to make decisions? Can they demand to see those documents? T…
On Monday, New Yorkers were stunned to see a brutal anti-Asian hate crime captured on a security camera in front of a residential building at 360 West 43rd Street near Times Square. Outrage was compounded by video footage of the building …
You may have heard that thanks to cooperative corporations being included in the new federal Stimulus Bill passed at the end of December, residential co-ops can now obtain loans under the Fed’s Paycheck Protection Program (PPP). While this …
When the State of New York passed the Housing Stability and Tenant Protection Act (HSTPA) in June 2019, legislators may not have envisioned that the law would have repercussions for co-op and condo owners - but in fact it did just that. T…
When purchasing a residence in a condominium, homeowners association or a co-op, you by default agree to reside in a community association. You live in relatively close proximity to your neighbors and equally share the right to utilize comm…
Following the January 20 inauguration of President Joe Biden and Vice President Kamala Harris, Real Estate Board of New York (REBNY) President James Whelan released the following statement: “New York and our entire nation continue to fa…
This past July, the U.S. Department of Justice (DOJ) announced a major lawsuit and settlement with the National Association of Realtors (NAR) about anti-competitive practices. According to Stephen Brobeck, a senior fellow at the Consumer Fe…
A recent decision in New York State Appellate Court may bring relief to condominium owners involved in lawsuits with developers over construction defects. It also may bring increased transparency to the often-opaque world of real estate in…
In its latest Biography of a Building , New York Magazine profiled the iconic One Fifth Avenue, calling the 27-story Art Deco building the “downtown co-op of all downtown co-ops” and “an expression of a certain type of New York–ness.…