Starting August 28, 2018, all residential buildings with three or more units in New York City will be required to adopt a written smoking policy . This applies to rentals, co-ops, and condos. The new ordinance, called Local Law 147 …
Last October, The Cooperator reported on a legal fight between the non-profit New York Public Library and the board of the Fifth Avenue Tower condominium association. The disagreement stemmed from the library’s attempt to undergo …
Halloween may be over, but that doesn't mean that living in a co-op or condo community can't be scary sometimes. And while multifamily real estate is rarely haunted in a truly spectral sense, eerie goings-on still take place, sending chills…
Q. In the 23 years that I have been a resident shareholder, the building has used my terrace cumulatively for facade work for over five years. In addition to the severe strain on my health, well being and work, these scaffolding installat…
The goal of any property developer is to sell units, but until that objective is reached they have to assume all the day-to-day responsibilities to ensure smooth operations and continued sales. This requires wearing many hats—manager, boar…
The drop in crime in New York in the last 40 years has been nothing short of miraculous. In the 1970s, the city’s obvious danger was notorious. Muggings were commonplace. Subway cars rolled along the tracks tagged in graffiti and ugly fluo…
For the past few years, the condominium board and management has denied me the right under our bylaws to audit and inspect the books of the condominium. What action, if any, can I take? —Concerned in Chelsea “Both New York law …
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, …
Mention “problem residents” in the context of a co-op or condo building, and chances are most people will think about the noisy kids upstairs, the perpetually grumpy /litigious guy on the third floor, or the lady down the hall with 12 c…
The issue of intellectual property and an individual’s right to privacy has become a greater concern since more and more people conduct their lives online—whether for banking, social media or dating. While the aforementioned generally h…