Most co-op and condo dwellers are well aware of the responsibilities held and services provided by their building’s top-tier contractors–otherwise known as the managing agent, the accountant and the attorney. Working as a team, this group o…
With all the recent grief and confusion in our city, it’s almost easy to forget that there was a mayoral primary scheduled for September 11th. Voting had barely started when terror descended on New York. As images of destruction and chao…
It’s a common enough occurrence: Jane, who has served on your co-op’s board of directors since the Hoover Administration, makes a surprise announcement at the monthly meeting: she’s selling her apartment and retiring to Florida. This does n…
It appears we’re living in the age of the consultant. There are financial consultants, construction consultants, security and management consultants, and those that get you rebates on your building’s taxes and utilities. There are experts t…
Even the best-running engine–or the most well-built house–needs an occasional tune-up or a fresh coat of paint. So too with governing documents which are so vital to the operation of the place you call home. As times change and people come …
A couple years ago, I became genuinely surprised to learn of conflicting opinions throughout the legal community and in court decisions (including rulings from New York State Supreme Court’s Appellate Division) which centered on how to clas…
One of the unique features of performing construction work in a cooperative or condominium apartment is that it must usually be performed pursuant to an alteration agreement that addresses what, where, when and how construction work is to b…
Perhaps you’ve seen the commercials on television; a mob of people shouting “The Internet is slow as heck, and we’re not going to take it anymore!” Or the one where a succession of comedians tell jokes beginning with “My internet service is…
The Internal Revenue Code’s Section 216 authorizes cooperative apartment owners to receive a pass-through tax deduction for their proportionate share of the mortgage interest and real estate taxes paid by a qualifying co-op corporation. One…
Beyond the obvious differences—taxicabs versus cacti, towering high-rises versus wide-open spaces, big business versus big-sky country—there’s more separating the New York real estate scene from the rest of the country than just geography a…