Tag: new this week

Climate change notwithstanding, the onset of winter in our area generally means more wear-and-tear on buildings than any other time of year. Snow, ice and freezing temperatures can cause costly damage. That's why it's so important to make s…

When it comes to co-op or condo, home improvements are a personal thing, reflecting the style and taste of the owner, and impacting the functionality of the unit. A prime example of this are built-ins; those personalized furnishings that pr…

Hiring a new management company - to replace your current company, or for the first time ever - is a big deal for a board. Knowing what to look for in the person or people who will be handling crucial business and administration for your co…

In-house gyms and fitness centers are some of the most popular amenities a co-op, condo, or HOA can offer residents and prospective buyers -- but just plunking down a treadmill and some barbells in a common room doesn't exactly qualify. In …

Manhattan's Central Park Tower has reached a special milestone. Developer Extell said in a press release that its luxury condo project on West 57 th Street – in the area known as 'Billionaires' Row' – has topped out at 1,550 feet, m…

As the market for co-op and condo units continues to soften in Manhattan and throughout New York City, co-ops and condos are looking to make themselves more competitive. One area where existing co-ops and associations can raise their profil…

An underlying permanent mortgage (UPM) is a commercial loan, not a residential loan like your co-op mortgage. As such, it carries additional and different terms and conditions than a residential mortgage. When selecting a mortgage for your…

As much as a prudent, conscientious board may try to keep a lid on expenditures, sometimes shelling out is unavoidable. When it comes to legal costs though, 'shelling out' can often result in a bad case of sticker shock. In this clip, legal…

A Fifth Avenue co-op that went on the market a few years ago for $120 million has now finally sold – but only at a fraction of that price According to The Wall Street Journal , the 12,000-square-foot, seven-bedroom duplex that once be…

Legendary singer and actress Bette Midler is looking to decamp to a smaller apartment in Manhattan, which is why she and her husband are putting their large Upper East Side penthouse up for sale. The New York Times reported that Midler…