The New York Cooperator, The Co-op & Condo Monthly

New this week

Where is the Apartment Market Headed?

Stepping Out of Limbo

A famous scene in a 1980s Woody Allen film features two real estate agents trudging toward each other from opposite dire…

Anatomy of a Condo Loan

One Building's Case Study

Dealing With Construction Damage

Protecting Your Property and Residents

Playrooms & Pools...Or Purifiers & Pods?

COVID is Changing How Developers Market Units

CEO Sush Torgalkar Exits Extell

Plans to Launch Real Estate Investment Firm

Management

Handling Harassment in Multifamily Housing

When Trash Talk Turns to Transgression

Whether you live in a super-luxe Park Avenue co-op in New York City, a beachfront condo in Florida, a sprawling HOA in N…

Management

2020 June

Coping with Corona

Two Managers on How the Pandemic Is Impacting Their Work

Reopening Your Community

IREM Offers a Roadmap

2020 May

Helping Out in the Age of Coronavirus

Lending a Hand Without Overreaching

2020 May

Coping with Corona

Two Managers on How the Pandemic is Impacting Their Work

Finance

Anatomy of a Condo Loan

One Building's Case Study

As we’ve reported in previous articles, special assessments are not the only tool condo associations and HOAs have to fi…

Finance

Using Reserves to Cover a Cash Shortage

Two More Views on a Possible Financial Lifeline

2020 July

The Price is…Right?

Adjusting Valuations for Pandemic’s Impact

2020 July

Budgeting in a Changed Landscape

Making Predictions for the Unpredictable

2020 July

Coping With Cash Flow Problems

Fallout from COVID-19 Hits Communities’ Bottom Line

On The Board

Airbnb vs. COVID-19

Governors, Boards & Residents Support Short-Term Rental Ban

Editor’s Note: During this crisis, The Cooperator family of publications will be passing along information, tips, and FA…

2020 May

Social Distancing in Co-op & Condo Buildings

Living Apart, Together

2020 May

We’re All in This Together

One Co-op’s Response to the COVID-19 Crisis

The Cooperator Events presents: COVID, Communications, & the Law - Practical Advice for Boards & Managers

A Virtual Town Hall Sponsored by Gallet Dreyer & Berkey, LLP

CAI Releases Statement on Foreclosure Moratorium

Calls for 'Flexibility, Understanding, and Business Continuity'

Conflict in Client Communities

What's the Manager's Role?

Of all the skills a good property manager must possess, conflict management is high up on the list. Not just knowing h…

Managing Conflicts

How Managers Make Peace

Managing Multifamily Buildings

What Are the Biggest Challenges?

Prioritizing Tasks

How Do Managers Manage?

2019 May

Changing Management

How to Know When it's Time

Communicate...and Then OVERcommunicate

Tips for Getting Residents Involved, Engaged, & Informed

A few years ago, I was on the phone with a homeowner. He was irate with how his community’s money was being spent. He wa…

Helping Older Neighbors During the COVID-19 Pandemic

4 Things You Can Do

March 20, 2020

Vulnerable Residents

Safety for All

Conflict in Client Communities

What's the Manager's Role?

Managing Conflicts

How Managers Make Peace

Maintenance

Dealing With Construction Damage

Protecting Your Property and Residents

Now that the official ‘pause’ on construction has been lifted, more and more construction projects stopped by the onset …

Seasonal Pests

COVID Complicates - But Doesn't Eliminate - the Need for Pest Control

Signs of Structural Damage

What Boards, Managers, & Building Staff Should Look For

DOB Announces FISP Amnesty Program

Buildings That Didn't File Cycle 8 Reports Get More Time

Upgrading Common Areas to Fight COVID-19

Boards Have a Range of Options

When Interior Renovations Become Exterior Issues

Coping With Construction

The proliferation of new luxury condos in New York and other dense metropolitan areas has upped the ante on amenities an…

Window Deterioration

Recognizing the Main Culprits

Local Law 97

How Will it Affect Your Building?

Spring Maintenance

Warmer Days Ahead

What about the environmental impact of LED Lighting? How much energy does it save?

Spring Maintenance

Warmer Days Ahead

Though 'winter' in these days of shifting, warming climate tends to involve more chilly rain and slush than the snowdrif…

What about the environmental impact of LED Lighting? How much energy does it save?

Lobby Decor

To Furnish, or Not to Furnish?

What Are the Most Effective Steps Boards Can Take to Fight Pests?

Hint: Keep it Clean!

Pest Issues in Multifamily Buildings

What Are the Toughest Ones to Address?

Organizations

32BJ SEIU President Issues Statement on Pandemic & Police Brutality

"Our Members Find Themselves in Double Jeopardy"

IREM Establishes COVID-19 Relief Fund

27 Chapters on Board So Far

REBNY Launches Coronavirus Resource Hub

Connecting Members and Non-Members Alike

REBNY Launches First-of-its-Kind Fellowship Program

Group Aims to Cultivate Diversity in the Real Estate Industry

BTEA Announces COVID-19 Resource Center

Online Center to Provide Up-to-Date Information for Contractors

Design

What's Happening in Design

Adapting Common Spaces to the New Normal

Seeking Safe Outdoor Spaces

Roof Decks Become Even More Valuable During COVID

Fitting in Fitness

How to Get the Most out of an In-Building Gym

Glass vs. Masonry

Which Façade Reigns Supreme?

Lobby Decor

To Furnish, or Not to Furnish?

Insurance

Insurance Coverage vs. COVID-19

Co-ops & HOAs May Be Left Holding the Bag

The NY Policy Holders Protection Act

What's it to You?

A Hard Market

Understanding the Current Insurance Cycle

The Claim Conundrum

When to File vs. When to Pay

Warranties and Service Agreements

What You Should Know About Coverage

News

9/22/2020 “What would we discipline them for?”: Brokers deny discrimination at heated hearing—The Real Deal

One by one, Long Island real estate agents appeared before U.S. senators on Thursday to respond to allegations of discrimination stemming from a 2019 Newsday exposé.
Read full story

9/22/2020 State’s highest court dismisses property tax reform appeal—The Real Deal

The state’s highest court this week dismissed an appeal that sought to reform New York’s property tax system.
Read full story

9/22/2020 Latest NYC Developments Are Boutique Projects With Plenty of Outdoor Areas—Mansion Global

As space and privacy become ever more important to New York City buyers, developers are responding with boutique projects with fewer units and plenty of outdoor areas.
Read full story

9/21/2020 Commercial Closures Are Causing a Ripple Effect Impacting the Residential Sector—Mansion Global

When the coronavirus pandemic seized the U.S., Allen Morris had a plan for Maitland City Centre, a 220-apartment community with a 35,000-square-foot commercial space that claims a whole city block in Maitland, near Orlando, Florida.
Read full story

9/21/2020 Guest Commentary: Postwar Interracial Co-ops and the Struggle against Redlining—The Davis Vanguard

Levittown on Long Island in New York State is regarded as America’s first modern planned suburb.
Read full story

9/21/2020 East Rockaway Co-op—Patch.com

Harbor House Co-op This spacious unit is sure to please with a great layout and plenty of space.
Read full story

9/18/2020 Penthouse Atop a Prewar Manhattan Co-op Chops One-Third Off Its Listing Price, to $10 Million—Mansion Global

A penthouse in a prewar co-op building in Manhattan’s Upper East Side has chopped one-third, or $5 million, off its listing price—from $15 million to $10 million—due to a slow market caused by the Covid-19 pandemic.
Read full story

9/18/2020 City Council Passes Bill to Study Use of Drones for Building Facade Inspections—Greenpoint Post

The City Council passed a bill Wednesday that will require the city to explore the use of drones for building facade inspections.
Read full story

9/18/2020 Rockefeller family’s Manhattan apartment listed at $11.5M—Crain's New York Business

A Fifth Avenue co-op that belonged to former U.S. vice president Nelson Rockefeller, and has remained in his family for nearly 60 years, is seeking a new owner.
Read full story

9/18/2020 NYC’s newest buildings have COVID-era appeals — and deals—New York Post

According to the Real Estate Board of New York’s recent Q2 report, residential sales prices are down 13% year-over-year.
Read full story

9/17/2020 Space Race: Investors and Developers Rethink Parking Garages Amid COVID—Commercial Observer

The fourth-tallest building in the United States north of New York City is going up on the site of what until 2018 was the largest municipally owned parking garage in Boston.
Read full story

9/17/2020 Melius: I need more time to talk to neighbors about condo project—Newsday

Oheka Castle owner Gary Melius said he requested an adjournment of a public hearing on revoking covenants and restrictions on castle property and a neighboring parcel because he wants to speak again with neighbors about his latest condo project proposal.
Read full story

9/17/2020 Inside a $6.5 Million Condo in the Newly Renovated Waldorf Astoria New York—Robb Report

The Waldorf Astoria New York is back—well, almost. The hotel’s $1 billion renovation isn’t quite complete yet—its formal reopening likely won’t happen until the end of 2022—but the developers are offering buyers a sneak peak of one of the 375 condos in the Towers of the Waldorf Astoria in the meantime.
Read full story

9/17/2020 Manhattan Condo Developer May Face Foreclosure on Four Projects—BloombergQuint

One of Manhattan’s most prolific condo developers is facing potential foreclosure on four properties, after years of laggard sales -- and a lender finally fed up waiting for returns.
Read full story

9/15/2020 Haute Residence Welcomes Leslie S. Modell To Its Exclusive Real Estate Network—Yahoo! Finance

Haute Residence is pleased to welcome Leslie S. Modell to the exclusive Haute Residence Network as its representative in the Midtown East area of New York City, NY luxury real estate market.
Read full story

9/15/2020 Startup brings gourmet dining experience to luxury apartment balconies—New York Post

New Yorkers tired of dining on sidewalks have a new alternative: eating gourmet meals on the balconies of unsold luxury apartments.
Read full story

9/15/2020 New York Luxury Market Sees Slowest Post-Labor Day Week Since 2013—Mansion Global

Ten contracts were signed for $4 million and up last week in Manhattan, all of which were condos. In fact, six were sold directly by developers, according to Monday’s Olshan report, which tracks high-end homes that went into contract on a weekly basis.
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9/14/2020 New York Sees Its Last Rental Conversions After Passage Of Tenant Protection Law—Forbes

It’s a common situation for New York City renters – their rental building is going condo (or, as was the case a couple of decades ago, co-op). But after the passage of the Housing Stability and Tenant Protection Act of 2019 last summer, that scenario has been likely been relegated to the city’s history books.
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9/14/2020 Miami, New York Developers Rethink Kids’ Amenity Spaces as More Spend Time at Home—Mansion Global

Like everything else in 2020, this year, back-to-school season looks and feels different. Some students are returning to classrooms occasionally, while others will transition from virtual camps to virtual classrooms.
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9/11/2020 Zoning and Land Use: Turning the World Right-Side Up Again—Lexology

This summer has brought two appellate court decisions that should help alleviate growing concern in the development community that the New York courts are overly receptive to community-based challenges to new development in residential neighborhoods.
Read full story

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Recent Articles

Where is the Apartment Market Headed?

Anatomy of a Condo Loan

Dealing With Construction Damage

Playrooms & Pools...Or Purifiers & Pods?

CEO Sush Torgalkar Exits Extell