For decades, the due diligence required for real estate transactions has fallen more to the seller than the buyer. Would the buyer qualify for the purchase? Would they pass the board interview? Co-op owners wishing to sell their units often…
Tag: Real estate
As New York continues its efforts to reopen its economy as safely as possible amid the continuing (and in many states, intensifying) COVID-19 crisis, there is concern about what the residential housing market—which had experienced a decline…
Second of a two-part series; read part one here . To the major relief of commuters who normally travel between Brooklyn and Manhattan via the L subway, a potential nightmare was averted when Gov. Andrew Cuomo surprisingly earlier this …
Sometimes it can be all-too-tempting to throw around the 'r'-word, whether for the sake of cynical sensationalism or genuine enthusiasm. (The word being, or course, 'renaissance.') But it's often better to tread more lightly; to just acknow…
Over the past few months there have been several interesting and insightful court decisions. Here are a few legal cases that provide some helpful lessons for boards and managers alike. 19 Pond, Inc., et al. v. Goldens Bridge Community Asso…
For those who work in and follow New York City real estate, architecture and design, last weekend's “City of Tomorrow” event at Manhattan's 92Y must have felt like one-stop shopping for information. Consisting of a variety of discussions, t…
When looking to buy or sell a unit in a condominium or cooperative, the layman may be forgiven for feeling overwhelmed. In the cutthroat world of New York City real estate, stakes are high, and to expect anyone who is undergoing a move to b…
Being on the board of a co-op or condo is a big responsibility—one that shouldn’t be taken lightly. While some people may run for a board seat just to have the title, they need to be prepared to govern fairly and make decisions that are in …
It starts innocently enough. The plumbing in your building has been giving the residents grief: toilets constantly running, inconsistent water pressure and sputtering faucets. The reserves are low and the three quotes you got from plumbing …
Thousands of board members, managers and building owners packed the aisles of the Hilton New York exhibit hall as The Cooperatorpresented its 28th Annual Co-op & Condo Expo, providing networking, informational and educational opportunities…