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…
The age-old adage from Benjamin Franklin perhaps says it best: nothing is certain but death and taxes. And without some assistance on the legislative front, taxes are likely to increase significantly for New York City co-op an…
Q My mother recently passed away and I inherited her shares in a Mitchell-Lama co-op building. It's taken quite some time to run down the paperwork, and make preparations to empty the unit, and the building management has not been at al…
As the legislature in Albany and the New York City Council are in full swing, legislation of every type is being proposed, debated, and considered. As one might expect, the budget is front and center in these recessionary times, but ho…
Renting out their unit has long been a strategy for condo owners (and some co-op shareholders) who—usually because of an extended absence, or as an extra revenue stream—wish to retain ownership of an apartment that they’re not living in …
Q I am on the board of a cooperative that is over forty-years-old. We wish to replace steps in the lobby with ramps to accommodate wheelchairs. We want to know if we can receive any public financing since we are helping the disabled. …
Emma Lazarus perhaps said it best in her immortal poem in which she spoke about the wave of immigrants that were welcomed to American’s golden shores. Generation upon generation of newcomers have chosen to settle in New York City and its…
In any business—whether it's a flower shop or a gas station—there are those who have more dollars to work with, and those who have fewer. It's the same for co-ops and condos. New York is home to a seemingly endless variety of residential…
In 1974, a group of New York City residents banded together to preserve affordable housing in the city and the push resulted in the creation of the advocacy group, Tenants & Neighbors. Since that time the nonprofit group has been working…
Located in the Northeast corner of the Bronx, in the area known as Baychester, sits the largest housing cooperative in the world. Co-op City is home to about 50,000 people; if it suddenly decided to secede from Bronx County, it would be …