Tag: new this week

When it comes to selecting a multi-family building insurance premium, the natural tendency is to go with the least expensive option. But cheaper doesn't always mean better or even proper. Insurance expert Edward Mackoul outlines the common …

The new federal tax law and rising mortgage rates were among the factors that contributed to the decline of Manhattan co-op and condo sales year-over-year during the first quarter of 2018, according to the latest report released on Tues…

The daily operations of your condo or co-op could be disrupted or not, depending on what happens after April 20. As reported by Crain's Business New York , negotiations between the city's apartment building owners and labor union …

New York City's 2017 residential sales set a record high of $50 billion “driven by Brooklyn's all-time high annual consideration of $11 billion this year,” according to the latest fourth quarter 2017 report by the Real Estate Board of New…

Co-op and condo owners often make assumptions about who can serve on the board of their corporation or association -- and one of those assumptions is that any owner of shares in a co-op, or a unit owner in a condominium is eligible to run f…

There are few things more traumatic than dealing with a fire in one's home. From loss of possessions either replaceable or one-of-a-kind, to the exponentially more horrific potential of lost human life, the baseline is bad -- and things can…

Getting buy-in from residents on expensive equipment installation or upgrades can be tough - especially if one's existing equipment seems to be getting the job done. But 'functional' isn't the same as 'optimal' - and making some changes to …

In late January (as has been reported elsewhere ), six residents of the St. Tropez condominium located on Manhattan's Upper East Side, filed a lawsuit against two board members of the association stemming from a rooftop facade co…

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…

If you're on the board of a small, tight-knit building were everyone knows their neighbors, it may be tempting to make decisions on the fly, or conduct building business in a more informal, handshake-based way than a board in a larger, more…