It's still February, but with temperatures expected to reach a balmy 60 degrees this weekend in New York City, it's only a matter of time when spring is arrives. And along with the hint of spring come thoughts of summer, which means air con…
A primary rule of cooperative living is that everyone pitches in their fair share. This applies to monthly maintenance payments, special assessments, and any other monetary obligation that allows the association to maintain quality of life…
Being elected or appointed to one's co-op or condo board is a big responsibility; these industry professionals have a few words of advice for those just embarking on the journey.
For those who work in and follow New York City real estate, architecture and design, last weekend's “City of Tomorrow” event at Manhattan's 92Y must have felt like one-stop shopping for information. Consisting of a variety of discussions, t…
Valentine's Day is rapidly approaching and love is in the air. Another thing that is also in the air is rampant consumerism, the barely-hidden reason for the holiday. And this means gifts upon gifts being delivered en masse to condominium a…
On January 9, shortly before the end of his second and final term, President Barack Obama sent a directive to the Department of Housing and Urban Development (HUD), ordering a reduction in FHA mortgage insurance premiums by a quarter of…
New York City's residential real estate market had a moderate fourth quarter in 2016 to finish a record-breaking year, as the average home sales price (pertaining to co-ops, condominiums, and one-to-three-family dwellings), went up 10 perce…
Conflict comes hand-in-hand with living in close quarters. Such is the nature of condominium and cooperative living. Some dust-ups between neighbors are settled with a polite conversation, or a mild nudge from the condo or co-op board. Othe…
Over 45 years ago, when New York City was entering a dangerous financial decline that nearly culminated in municipal bankruptcy in 1975, the 421-a tax exemption program was created to incentivize developers to enter into new residential dev…
Nobody enjoys litigation; it's expensive, time-consuming, and acrimonious. There are ways to avoid the courtroom however, and in this clip, legal pros explain their role in alternative dispute resolution (ADR) proceedings in the context of …