Q. I am a shareholder in a Mitchell-Lama cooperative. My question is this: If I have concerns about the results of the board of directors election, how can I get an independent person to recount the votes and confirm the tally? Management…
Q. I currently live in a Mitchell-Lama co-op I purchased for $15,000 27 years ago. The building is going private. My question is: will I have to pay more money for my apartment to own it outright? —Worried About What’s …
This week, New York State Assemblymember Linda B. Rosenthal (D/WF-Manhattan) and State Senator Brian Kavanagh (D-Manhattan and Brooklyn) announce the passage of their Mitchell-Lama reform bill ( A.7272/S.6412 ) in both the New York State …
Q. I have lived in a Mitchell-Lama co-op in Brooklyn for 43 years. The company is taking a vote on whether to privatize or not. I am personally in favor of privatizing. I am currently on disability, and am unemployed but looking for work.…
Q. My brother passed away in August of last year. He was a cooperator at Rochdale Village, in Jamaica, New York. When we went to sit down with management, we were informed that the deposit my brother put down in 1992 is all that can be ex…
Q. When the board of a New York City Mitchell-Lama co-op requires the shareholders to purchase homeowners’ insurance, does the resolution, if passed, becomes part of the building’s house rules? If there are no city-approved house rules, …
Gone are the gusts of wind blowing fermented hops through the streets, the storefronts in German. But a link to Yorkville’s past comes in the unlikely form of condo towers. Ruppert Yorkville Towers Condominium sits between 90th and 92nd Str…
In 1955, when many city neighborhoods were deteriorating and the flight to the suburbs was going full blast, the Mitchell-Lama bill, named after state Sen. McNeil Mitchell and Assemblyman Alfred Lama, was signed into law in New York State. …
Rare in all but a few cities around the country, residential co-ops are by far the most prevalent type of owner-occupied apartment in New York City, outnumbering condos by 3-1 by some estimates. According to a study commissioned by N…
Because of resident turnover, the city’s practice of requiring real estate developers to devote a certain percentage of units in new buildings to market- or below-market rate in order to fortify the city's stock of more affordable housing,…