A recent federal appeals court decision on the subject of income tax law stands to be of great benefit to cooperative corporations around the city, particularly in light of damage suffered in many buildings from Hurricane Sandy. Alphon…
Back in the late 1800’s, an army officer named Henry Martyn Robert wrote a distillation of Parliamentary Procedure (which was used by the American Congress at the time), to help people run smooth and effective meetings, whether it be a …
Read any of the major business publications or websites and you’re bound to find articles on the importance of delegating. It’s one of the most fundamental skills for a successful business owner to have. A simple Internet search finds sc…
One of our clients recently asked us to investigate the accuracy of their building’s square footage as listed on New York City’s Notice of Property Value. In order to contest the gross building area of a parcel, the city requires an eng…
It’s the age-old question for apartment dwellers living in cramped spaces: where do you store all of your possessions? If you live in a New York City co-op or condo, most buildings have a solution: sizeable storage units at the ready th…
New Yorkers are a resourceful bunch—we pride ourselves on being able to snag a cab during rush hour, get from the Upper West Side to Greenpoint in less than three subway transfers, and show no fear as we battle the crowd at a hot design…
Who wouldn’t want to be on the board of directors of their co-op or condo, watching over their most precious possession and probably their most significant investment—their home? Most people, actually. It’s a rare co-op or condom…
You may live in the most well-run and self-sufficient building in the city, but no building is an island, not even in developments from the sprawling Stuyvesant Town-Peter Cooper Village in Manhattan to Co-op City in the Bronx to the s…
Abraham Lincoln once said, “Discourage litigation. Persuade your neighbors to compromise whenever you can. As a peacemaker, the lawyer has superior opportunity of being a good man. There will still be business enough.” Certain…
While essential to the successful operation of all cooperatives or condominiums, the contents of governing documents are often only glossed over by otherwise well-intentioned boards members and managing agents leading to potential pitf…