Q I live in a building in New York City that is currently operated as a rental. It’s in terrible shape. Many of my fellow tenants and I have considered the co-op route. How does one go about this? —Going Co-op A “I th…
An old adage of the real estate game speaks of the importance of "location, location, location," meaning that value goes up (or down) depending on where a property for sale is located. The hot 'location' in New York is constantly moving. Al…
Q I have an accepted offer on a condo in Manhattan, and I have a letter of commitment from my lender. Before proceeding to submit my application to the board, I was instructed by the managing agency that submission of tax returns, payr…
Your roof terrace leaked and the neighbor below you sued for damages. Do you have any recourse? The heating system in your apartment failed to work and the managing agent sent you the bill for its repair. Do you have to pay? The a…
While most residential buildings in the city are either purely rental or purely co-op/condo, there are many co-op and condo buildings that are home to rental tenants. This usually is the result of the building converting from rental to…
Several interesting court decisions regarding co-ops and condos were made during the latter part of 2005. The decisions received some commentary, but perhaps not the attention that they deserve. In a condo case, the Appellate Court tha…
Recently, the Appellate Division, First Department—the state’s second highest court located in Manhattan—announced a decision with far-reaching implications for the state’s condominium owners. In the case Pekelnaya v. Allyn, the court …
On Wednesday, March 16th, The Cooperator hosted its 18 th Annual Co-op & Condo Expo at the New York Hilton in Midtown Manhattan. The event featured more than 200 exhibitor booths and drew over 4,000 registrants from all corners of th…
Getting on a condo or a co-op board requires a significant investment "“ both in time and sweat equity. As president of a Greenwich Village co-op board, I can attest firsthand to the labors involved. Rarely does a day pass when I don't rec…