The allure of owning a condo at Trump Tower has apparently worn off since the election of Donald Trump as president in 2016. In a recent Bloomberg article, Trump Tower was deemed “one of the least desirable luxury properties in M…
While co-op boards have an enormous amount of influence over who is - and is not - allowed to purchase shares and call their building home, condo boards have far less power in that regard. While co-op boards can (and usually do) reject bu…
It was not a good year generally for Trump-branded condos during the first full year of Donald Trump's presidency, according to a real estate website's report. Bloomberg reported that the average sales price and average price per squ…
When most people think of a buying and owning a co-op or condo apartment, they're picturing a unit in a mid- or high-rise building, or possibly a townhome in a suburban development. While that's certainly the most typical format for apartm…
On Tuesday, October 29th, thousands of board members, managers, apartment building owners and co-op, condo, residents will gather at the Jacob K. Javits Center at 655 West 34th Street in Manhattan from 10:00 a.m. to 4:30 p.m. for another ex…
For co-ops Manhattan, Brooklyn, and Queens, it was a good third quarter 2017 when it came to average sales prices. The Real Estate Board of New York (REBNY) recently released its latest New York City Residential Sales Report for 3Q 2017 …
From now on, an Upper West Side condo building will no longer be called 'Trump Place.' The New York Times reported last week that the name was removed from the facade of 200 Riverside Boulevard following a battle involving the cond…
According to a press release from the Service Employees International Union Local 32BJ, over a dozen residential workers at a luxury condo in Manhattan’s Financial District have gone on strike as of 7a.m. Monday, May 18 to protest what they…
On October 18, workers at 108 Leonard Street, a 166-unit luxury condo in the Tribeca section of Manhattan, went on strike to protest a number of alleged unfair labor practices at the condominium developed by Elad Group. According to an anno…
According to recent reports, the board of the Galleria — a luxury condo on East 57th Street - is suing noted illusionist David Copperfield for over $2.5 million to repair damage to a unit he owns in the building. Copperfield purchased…
It appears such institutions as the New York Stock Exchange, One World Trade Center, and the South Street Seaport in New York City's Financial District -- FiDi to its friends -- will be getting a lot of new neighbors in the next several yea…
Several new environmental rules are in the pipeline for multifamily co-op and condo communities in New York City. One, Local Law 157 relates to natural gas detectors, and the other, Local Law 88, as amended by Local Laws 132 and 134, requir…
Back in 2019, the New York State Legislature enacted the Housing Stability and Tenant Protection Act (HSTPA) to prevent landlords from exploiting a tight housing market by harassing and evicting rental tenants under dubious circumstances. T…
From getting the news, to finding that ultimate BBQ recipe, or just keeping up with friends and relatives both near and far, social media has become entwined in the fabric of our lives. In fact, Facebook, Instagram, and the rest are so ubiq…
The job of managing a multifamily property is hectic, and often stressful - but it’s rarely (and blessedly) ever deadly. A tragic exception to that unfolded on August 22 in Atlanta, Georgia, when according to local news outlets a local cond…
Owners of newer New York City condominiums are facing higher property taxes, as once-beneficial tax abatements are starting to expire. According to a study by StreetEasy , the imminent end of the tax abatements means that not on…
To many people outside New York City, the very word ‘condo’ conjures up an image of an ultra-modern apartment located in a high-rise building with dramatic views. But that’s for the movies. First of all, condos, like any other type of apart…
With all the pandemic-related restrictions being discussed in the media, it’s sometimes startling to realize how much renovation work is still going on in and around co-op and condominium apartments. It’s long been routine for co-op boards…
As real estate prices in Manhattan continue to rise to an intimidating degree, prospective condo buyers are increasingly looking to New Jersey to meet their needs. Several communities in the Garden State are stepping up in turn to attract t…
A neighborhood group opposed to a condo development project on Manhattan's East Side is still making some noise after it filed a lawsuit over the summer. As reported in amNY , the East River Fifties Alliance organization was repres…