As reported by the Commercial Observer in January of this year, Elliott Management Corporation and GFI Capital Resources Group acquired the Parker New York hotel for $420 million, with hopes to renovate and add 67 condominium units…
What’s more ‘New York’ than therapy? How many Woody Allen movies feature a scene where Allen’s character is lying on a comfortable couch in an impeccably decorated room overlooking the Hudson as he confesses to his psychotherapist? That sce…
Community associations are increasingly looking toward environmentally-friendly options to heat, cool and power their properties in order to reduce their carbon footprint and save money. Wind turbines, solar panels, combined heating and pow…
Perhaps the most critical element in a successful marketing campaign for a co-op or condo unit is the price. Well, how is that price determined? What factors are considered? Whose expertise is needed to arrive at the optimum number? Is …
2018 – and the first half of 2019 – have been anything but dull, from the global level all the way down to co-op, condo and community association communities. While it’s somewhat beyond The Cooperator’s scope to opine on geopolitical curren…
After many years of expansion and growth nationwide, most co-op and condominium markets saw both turbulence and some overall decline in 2018. The market has turned from one favoring sellers to one more hospitable to buyers. Markets like sta…
Housing Development Fund Corporation (HDFC) co-ops are an important and unique segment of the New York housing market that many fellow co-op shareholders are unaware of. Those who do know of the program are often familiar with it only from …
It's tax season, and homeowners in some states are apparently getting hit harder than others due to President Trump’s revised tax legislation. During a press conference in early February, New York Gov. Andrew Cuomo argued that t…
It's been now over a month since Amazon's surprise decision to nix plans for its HQ2 in Long Island City , Queens. Following vehement opposition from local activists and several politicians, fallout from the split still lingers -- especi…
If you've followed New York real estate news in the last few days, you have certainly heard about Hudson Yards , the much-hyped, largest private development on Manhattan's West Side that boasts 18 million square feet of commercial and re…