The New York metropolitan area probably has more banks and other financial institutions than anyplace else in the country. This is after all the city where Wall Street is located. Go down any major shopping street and chances are you’ll se…
Many aspects of the American work landscape have changed radically in the last two decades. As the service and information economies have overtaken manufacturing and other more traditional forms of labor, the old 9-to-5, office-bound workd…
Most co-op and condo residents have taken part in at least a few annual board elections, and perhaps, they’ve even served on committees, or volunteered on behalf of their building in some other capacity. But those who’ve never taken a s…
Being on a board of a condo or co-op is no picnic. There are tons of decisions to be made, disputes to settle, finances to keep track of and a chance of being sued for a slip-up. So why do so many people decide to serve on a board—some …
I am president of a co-op board in Queens, NY. It has come to my attention that a sexual predator moved in with his son, who owns the apartment. I informed my security team and they are watching him very closely since there are children…
Q I am currently interested in purchasing a co-op apartment. However, my mortgage broker advised that since the co-op has issued both common and preferred stock, that it does not technically qualify as a co-op under the IRS 216 ruling, …
The New York State legislative season is here again, and bills of all kinds are being considered, including housing. Some of these bills directly impact co-op and condo board members, managers and residents. Housing is also on the agend…
Q I am a board member and shareholder in a Westchester County cooperative where there has recently been a lot of conflicts among board members. There is a board member who owns her own realty company and is now privy to all confidentia…
Q Does a cooperative board have the legal right to create their own occupancy guidelines? —Curious Cooperator A “The proprietary lease (sometimes called the “occupancy agreement” in certain co-ops) of a cooperative t…