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 …
Tag: Eric Goidel
The New York Public Library is undertaking a substantial renovation at its Mid-Manhattan branch on Fifth Avenue, to the tune of some $200 million. As the New York Daily News reported, the library closed on August 1 for a project that …
Co-op and condo communities tend to cover all their bases when it comes to allowing someone new into their community. In most instances, applications and interviews are the norms. But you can’t exactly predict what someone will do in the fu…
You can screen potential residents before letting them buy into your co-op or purchase a condo unit all you want, but that doesn’t mean you’ll catch everything. Sometimes things just go undiscovered during the initial screening process for …
When finances get tight—the last recession period comes to mind—boards and managing agents often look for ways to increase revenues or decrease expenditures. In some cases, the answer is a flip tax, a “transfer fee” that is paid to the co-o…
Normally, a co-op, condo, or HOA management team is well-equipped to handle a wide variety of day-to-day matters, like leaky roofs and faulty garbage disposals. There are other bigger issues—such as embezzlement and fraud—that require outs…
Any New York building of significant size needs a professional building manager in order to function from day-to-day, and even smaller buildings often need some help from a management company. Before any management company is hired, howeve…
While having goods and services like retail stores, banks and dry cleaners on-site can be convenient and viewed as a positive by co-op or condo unit owners and neighbors, not every commercial tenant is a good fit for every community or HOA…
While the era of massive, NASA-sized satellite dishes is long past (unless you’re in a very old building, or have held on to an antique dish out of nostalgia), the advent of smaller apparatus—as well as rooftop cell phone towers—has brough…
While the vast majority of one-time projects and long-term service contracts involving vendors and service providers and their co-op, condominium or HOA clients go smoothly and either conclude or continue without incident, a small perc…