Search Results: adam leitman bailey (118)

Handling and Storing Hazardous Materials 2017 December  

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…

When Negotiating a Rooftop Antenna Contract 2009 Sept  

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…

What You Must Know 2009 April  

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…

Feds Go After Foreign Luxury Condo Buyers 2016 April  

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…

Cracking Down on Unwanted Smoking

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…

Much Too Scary

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…

Obtaining the Home Promised in the Marketing Materials 2009 June  

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…

The Clubhouse Rules 2015 October  

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…

Fraudulent Service Animals

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 …

Predators vs. Privacy 2015 December  

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…

Board Transparency 2016 February  

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…

Q&A: Subletting Situation 2014 January  

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 …

Getting Your Foot in the Door 2015 September  

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…

Q&A: Accessing Common Elements 2011 October  

Q In our parking garage we have access to a bike storage room and an outside bike rack that is next to a resident's handicapped parking spot. Right now the only way to get to the bikes is to "trespass" over the parking spot. Our concern…

Q&A: Subletting vs. The Board 2011 March  

Q I am the owner of a one-bedroom apartment on the Upper West Side of Manhattan. I have a legal subtenant who filled out all forms and paid all the fees as described on the required two-year lease provided by the board, including that o…

Q&A: Aggressive Board Clamps Down on Unapproved Tenant 2010 June  

Q I am a non-resident owner in a 10-unit co-op in Manhattan. I have been renting out my unit for the past 7 years. Recently, while I was away from the country on work, my son inadvertently rented my apartment to a tenant without firs…

Revenue or Reduction 2012 January  

 Budgeting is never easy, not for a family of four and certainly not for a co-op  or condo community of hundreds or thousands of residents. That fact is made all  the more difficult by the lingering effects of the recession, which continue…

Being Grilled 2014 February  

Of all the stages of co-op life, the initial application and approval process, especially the interview, is certainly the most harrowing. Many people are in fear that just one wrong word will mean the difference between acceptance and reje…