Search Results: adam leitman bailey (123)

Co-op and condo communities tend to cover all their bases when it comes to allowing someone new into their community. In most instances, applications and interviews are the norms. But you can’t exactly predict what someone will do in the fu…

Not every co-op or condo in New York City has grassy areas on the property. But for those that do, the question of what is allowed on them often comes up. Sure we’ve all passed by buildings surrounded by lush grass lawns protected by a s…

You can screen potential residents before letting them buy into your co-op or purchase a condo unit all you want, but that doesn’t mean you’ll catch everything. Sometimes things just go undiscovered during the initial screening process for …

In last year’s presidential election, Donald Trump lost New York City, resoundingly. According to final election results, he received 461,174 votes across the five boroughs, or 18.4 percent, compared with 1,969,920 ballots cast for Hillary …

Q. I live in a Housing Development Fund Corporation (HDFC) building in the Bronx. My building has no meetings or elections, and shareholders are not informed of our financial status at all. The treasurer’s son has taken complete control a…

It takes a lot of different tools and materials to keep multifamily buildings looking, smelling and functioning at their best. That means that maintenance crews, contractors, snow removal teams, and other staff members must rely upon someti…

As the trilogy of real estate values rising, building usage changing, and cellphone and Internet communications became universal, wireless telecommunications companies became popular defendants in the Commercial Part of New York’s Civi…

New York dealt a setback to Airbnb on October 21, when Gov. Andrew Cuomo signed a bill into law that prohibits users of the popular online hospitality marketplace and other home-sharing sites from advertising their units for short-term re…

The U.S. Treasury Department announced in January that it will begin to track illicit cash purchases of luxury condos in New York and Miami. In New York, the new regulations will apply to cash transactions of $3 million or more. The federal…

For those who live in multifamily residential buildings, the scenario is all too familiar: a neighbor lights up a cigarette inside their unit, and the smoke travels through the hallway and finds its way into neighboring residents’ homes. So…

Halloween may be over, but that doesn't mean that living in a co-op or condo community can't be scary sometimes. And while multifamily real estate is rarely haunted in a truly spectral sense, eerie goings-on still take place, sending chills…

It’s amazing how good building owners and managers are at increasing and garnering revenue from residential tenants while at the same time leaving themselves to the will and whim of laundry room operators who impose contracts lasting fo…

We all hope for good neighbors when we move into a new building or community. The same is true for commercial properties in residential buildings. Making a good match, one that benefits both the commercial tenants and unit owners, can go a …

At the height of the housing boom, some builders attempted to recapture profits lost in the price they paid for their properties by cutting costs spent on labor and materials, and many others could not find good contractors or obtain l…

Amenities can be a major selling point for any co-op or condo. You don't have to be Jillian Michaels these days to have a spa or full gym at home. Naturally, they add to the property value of the building as a whole, as well as to the indiv…

There are few people as passionate as pet owners, and for evidence look no further than condo and co-op communities. The many health and aesthetic concerns that go with pets compel many boards to favor a ban on pets altogether. However, if …

While the invasive board approval process in many co-ops would likely make it very difficult for a prospective buyer with a criminal background to purchase an apartment in a given building, that doesn't mean that residents who've done bad t…

One of the biggest political buzzwords of the past 10 years or so is “transparency.” Observers demand transparency in meetings of elected bodies in local and state governments, transparency in the proceedings of public agencies, and at time…

I teach real estate licensing and continuing education courses at New York University and Long Island University. My question is with regard to Form 86, co-op sublets. It is my understanding that New York State law allows a tenant named on …

Buying an apartment in New York can be a real odyssey—finding a place that fits your budget and other requirements, securing a mortgage, gathering reams of paperwork for the closing...all very stressful and tedious. But for those buying int…