Out of concern over escalating property taxes, The Action Committee for Reasonable Real Estate Taxes was formed in 1990. Created by The Council of New York Cooperatives and Condominiums (CNYC), the committee uncovered a gross disparity betw…
The economic boom of the last few years has been a remarkable period of prosperity for the real estate industry in general, and co-ops in particular. Shareholders no longer need to feel trapped; the time is now for co-op boards to tackle th…
With mortgages as common as they are today, most borrowers know the standard steps in securing a loan for a condo or co-op. In the simplest terms, a borrower must first pick a lending institution, be it a commercial bank or mortgage banker.…
New Yorkers pride themselves on their ability to appreciate places and things that others often find dirty, oppressive, or just plain ugly. New York City itself is occasionally accused of being all three, yet New Yorkers remain fiercely loy…
Picture this: The power goes out in Washington Heights. When it comes back on in Washington Heights, it goes out in Clinton. When it comes back on in Clinton, it goes out in Battery Park City. And so on, across the city. Panic sets in, chao…
Should local banks be allowed to become actively involved in the real estate brokerage business? Specifically, should they have an administrative hand in the sale and management of units in co-ops and condos? These questions are curren…