Mayor Michael R. Bloomberg presented a $45.7 billion budget plan for fiscal year 2005 and awarded property owners a $400 tax rebate to thank New Yorkers for their sacrifices in helping the city weather its fiscal crisis. "New York Cit…
Mayor Michael R. Bloomberg last month vetoed the New York City Childhood Lead Poisoning Prevention Act, which was intended to replace Local Law 38 and correct lead-based paint hazards in housing, schools, day care facilities and playgrou…
When cooperators elect their boards of directors, and condo owners elect their community association or boards of managers, they do so in the expectation that these boards will represent their interests. But conflict between boards …
Since management companies foster a competitive environment, co-op and condominium buildings expect a high level of service from their managing agent. However, when agents aren't showing the care and attention buildings deserve, or some …
The old adage that knowledge is power holds doubly true when it comes to assuring ethical conduct and adherence to bylaws by a governing board, regardless of the size of a community size or the severity of a given crisis. But the la…
While other industries have been more difficult to penetrate, many areas of the fast-paced world of real estate have long been the professional domain of women. The past two decades have witnessed an influx of women as innovators in the…
New York is an expensive town - on that point there can be little debate. Regardless of your means, the holiday season compounds the issue: there are gifts to be bought, travel accommodations to be booked, parties to attend, inclement weat…
It pays to have a competent, active board at the helm of a building community - a strong, stable board translates to better value for shareholders. But just how hands-on should a board be? Sometimes the daily management of a co-op or condo…
Two condos are the same price, in the same neighborhood, and are equally pleasing to the eye. What makes someone buy one and not the other? Amenities. One of the most important amenities for many homebuyers is an on-site laundry room. No o…
Oftentimes, co-op shareholders forget that their building is not only a home, but also a business. And while running a home is a big responsibility in itself, with financial, legal, and managerial elements, running a cooperative corporatio…