The Real Deal reports that developer Barnet Liberman has been sued for failure to pay common charges in the building he co-developed and in which he owns (or just lives in, depending who you ask—see below) the penthouse. Along with a part…
Homeowners in New York were not spared from the economic repercussions of the pandemic. If anything, New York was the first and one of the worst affected areas in the country when COVID arrived on US shores in 2020. It’s also no secret that…
The Cooperator Events Presents a Virtual Town Hall: Budget or Lose It - Maintaining Optimal Cash Flow in Your Community Association. Sponsored by Axela Technologies WATCH ON DEMAND Raising assessments is never a popular move for a board t…
Q. In addition to our monthly $942 common charges, the board of our condominium complex has been collecting an additional $257 assessment each month since August 2018 in anticipation of future repair work, and to replenish our underfunded…
You may have heard that thanks to cooperative corporations being included in the new federal Stimulus Bill passed at the end of December, residential co-ops can now obtain loans under the Fed’s Paycheck Protection Program (PPP). While this …
Since the second week of January, many co-op boards have been busy working with their banks to complete Paycheck Protection Program (PPP) applications. The inclusion of co-ops in the Fed’s forgivable loan program was the result of a joint e…
You may have heard that co-ops can now obtain loans under the federal government’s Paycheck Protection Program (PPP) as a result of their being included in the new Stimulus Bill. The rules governing the inclusion have finally been released …
As the economic disruptions from the COVID-19 pandemic grind on, Congress has provided additional relief for small businesses to help them hang on until nationwide vaccination efforts are able to turn the tide of the crisis. The good news f…
In a recent piece for the New York Law Journal , attorneys from Manhattan-based law firm Ganfer Shore Leeds & Zauderer delve into the issue of privacy as it pertains to the personal information of shareholders and unit owners - and…
A survey released on August 24th by the Brooklyn Chamber of Commerce confirms what many New Yorkers knew - or at least predicted - would happen as the coronavirus pandemic has dragged on, with guidance and support at all levels of governmen…