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

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Switching Management Companies

What Documents Are Needed?

Changing management companies can be a very good thing - but it can be needlessly complicated if the incoming firm doesn…

$85M Penthouse Duplex Includes a Trip to Outer Space

Other Extras Include Two Rolls-Royces and a Private Chef

Roof Decks: Things You Should Know Before Installing One

Having One Could Enhance Your Building

Queens' LIC is One of NYC's Hottest Neighborhoods

And It's Just Across the River From Manhattan

Tree Care Tips

Keeping Your Greenest Assets Healthy

Management

Paper Vs. Electronic Records: What’s Acceptable and When?

Are You Mandated to Keep Your Records in Paper Form?

The trend today is toward a paperless world. Electronic record keeping can reduce costs overall by eliminating the need…

Management

2018 April

Security Assessments

What You Want Versus What You Need

2018 April

Aesthetic Conflicts

Dealing With the Eyesore Next Door

2018 April

Managing Distressed Properties

Making Bad Situations Better

2018 April

Safety and Security

(Un)Common Sense Safety

Finance

Underlying Permanent Mortgages

A Vital Concept, Explained

One of the components that makes co-op ownership unique is its financing structure. Unlike a condominium, the property i…

Finance

Can a Board Decline an Apartment Sale Over a Low Price?

Several Factors Determine Whether or Not a Transaction Goes Through

2018 March

Curing Arrears

When Fees Aren’t Paid

Report: Manhattan Co-op and Condo Sales Prices Rose for 5th Year in a Row

Douglas Elliman's Latest Study Covers Price Trends From 2008 to 2017

New York State to Give Homeowners a Break After New Federal Tax Law

Gov. Cuomo Issues Order to Allow Property Owners to Prepay Their Taxes

On The Board

The Importance of Legal Protocols

Don't Just 'Wing It'

If you're fortunate enough to serve on a cohesive, friendly board in a building or association with a strong sense of co…

2018 April

Drafting Good Rules

Fair, Enforceable, and Legal

2018 April

Holding Board Elections

Keeping Them Transparent, Fair, and Legal

Confidentiality of Board Discussions: How Much Is Protected?

Are There Limits to How Much Community Members Can Expect to Know?

Legal Protocols & Policies in Smaller Buildings

Go By the Book

Changing Management Companies

What Documentation Does Your Board Need?

Changing management companies can be a complex process -- but it doesn't have to be an ordeal. By making sure that your …

How Do You Choose a New Management Firm?

Questions to Ask, Criteria to Check

Finding the Right Match

Evaluating the Board-Management Relationship

2014 January

Knowing When to Call Your Manager

Response to Calls is an Essential Part of the Manager’s Job

2014 January

Secrets of Successful Managers

Communication, Accommodation, Cooperation

Love Thy Neighbor, But Not Their Issues - Addressing Quality of Life Conflicts Between Residents

Presented by Kagan Lubic Leper Finkelstein & Gold LLP - 2017 Cooperator Expo New York

Pet policies and smoking bans are just a couple of the more contentious issues that co-op and condo boards may be faced …

2014 February

Keeping Track of Paperwork

Properly Managing the Board’s Records

2014 February

Board Owner Do’s and Don’ts

What Makes a Board Successful

2014 February

Making the Switch

Transitioning From Sponsor to Owner Control

2014 February

Howdy, Neighbor

Cultivating a Sense of Community

Maintenance

Balcony Enclosures: An Update

Some Good News for Boards Concerned Over the Legal Status of Such Enclosures

Perhaps the most prized amenity in a New York City home is private outdoor space. Brownstones may offer a garden, a roo…

2018 April

Exterior Cleaning

Means, Methods, and Materials

2018 March

Sidewalk Repair

Care Now Saves Cash Later

2018 March

Exterior Signage

Monetizing Your Outside Space

2018 March

Roof Maintenance

Taking Care of Your Building From the Top Down

Planning Ahead

Staying on Top of Building Maintenance

They say that a stitch in time saves nine. But when dealing with exterior maintenance and repairs for your condominium, …

2017 October

Balcony Enclosures at Risk Under New DOB Requirements

Scaffolding

The Ups and Downs of Sidewalk Sheds

2017 March

Vendor Relationships

Working With Those Who Work for You

How Cool Roofs Help Your Property and the Environment

There's More to It Than Just Slapping Down a White Coat of Paint

Decision 2016: Oil or Gas

The Latest on How to Handle Heating

Thanks to an initiative passed by the Bloomberg administration back in 2010, New York City has successfully phased out N…

2015 March

A Clear View

What’s New in Window Trends and Technology?

2014 November

The Human Factor

What You Need to Know About Staff Management

2014 November

Plumbing the Depths

Pipes, Drains and Your HOA's Water Supply

2014 November

Boiler Maintenance Basics

The Heat is On

Organizations

Void Where Prohibited

Local Group Challenges Use of 'Mechanical Void' to Heighten Condo Tower

CAI Big Apple Chapter Comes to Fruition

A Co-op, Condo, HOA Resource for New York City

NYC Finally Has Its Own CAI Chapter

Group Introduces Big Apple CAI

New York City Superintendents Technical Association

Representation, Education and Communication

SEIU Local 32BJ

Keeping Your Buildings Safe and Secure

Design

The Challenge of Small Spaces

Tips From Design Experts on Maximizing Your Space

Maximize Your Rooftop Space

Additional Amenities Attempt to Improve on the Standard Roof Deck

How to Make the Most of a Small Kitchen Space

It's About Finding the Right Sized Appliances

Design Trends

What’s New in Colors, Materials and More

Design on a Dime

Fending Off the Blahs...On a Budget

Insurance

What Are the Common Insurance Claim Mistakes in Multi-Family Buildings?

One Issue Involves Selecting Coverage

After Burn: What's Next for a Building Following a Fire

What Professionals Should Do to Help Those Impacted

Avoiding Slips, Falls, and Liability on Your Property After the Snow

It Could End Up Being Costly If You Don't Do Something

How Important is D&O Insurance?

Luxury...or Necessity?

Co-op and Condo Liability Insurance: How Much Is Too Much?

Protect Yourself Without Going Overboard

Events

Wed, Jun 6, 3:00pm – 6:00pm

CAI-LI Chapter's 7th Annual Golf Outing

Wed, Jun 6, 3:00pm – 6:00pm add to calendar 06-06-2018 15:00 06-06-2018 18:00 America/New_York CAI-LI Chapter's 7th Annual Golf Outing Shotgun start at 3 pm for nine holes on the sandpiper course; dinner follows at 5:15 p.m. For information. Visit <a href="http://www.cai-li.org/">www.cai-li.org</a>. Spring Lake Golf Club, 30 E Bartlett Rd, Middle Island, NY 11953, USA MM/DD/YYYY

CAI-LI Chapter's 7th Annual Golf Outing

Shotgun start at 3 pm for nine holes on the sandpiper course; dinner follows at 5:15 p.m. For information. Visit <a href="http://www.cai-li.org/">www.cai-li.org</a>;.

Spring Lake Golf Club, 30 E Bartlett Rd, Middle Island, NY 11953, USA map

Wed, Jun 13, 5:30pm – 7:30pm

IREM: Rooftop Cocktail Party

Wed, Jun 13, 5:30pm – 7:30pm add to calendar 13-06-2018 17:30 13-06-2018 19:30 America/New_York IREM: Rooftop Cocktail Party Cocktails. Hors d'oeuvres. Great views. Even better people. Graciously sponsored by Guardian Service Industries & Sullivan Engineering. Tickets: $60.00 member ticket, $90.00 non-member ticket. For information, visit www.iremnyc.com. 230 5th Ave, New York, NY 10001, USA MM/DD/YYYY

IREM: Rooftop Cocktail Party

Cocktails. Hors d'oeuvres. Great views. Even better people. Graciously sponsored by Guardian Service Industries & Sullivan Engineering. Tickets: $60.00 member ticket, $90.00 non-member ticket. For information, visit www.iremnyc.com.

230 5th Ave, New York, NY 10001, USA map

Wed, Jun 13, 7:00pm – 8:00pm

CNYC: Workshop for Building Treasurers

Wed, Jun 13, 7:00pm – 8:00pm add to calendar 13-06-2018 19:00 13-06-2018 20:00 America/New_York CNYC: Workshop for Building Treasurers Treasurers are responsible for the financial health of their cooperatives and condominiums. This task has diverse ramifications--all are potential discussion topics at the Treasurers' Workshop, conducted periodically by CNYC. This is not a 'how- to' presentation, but rather an opportunity for treasurers to 'talk shop' under the guidance of Rick Montanye of the accounting firm of Marin & Montanye. Issues raised brought by participants set the agenda. Treasurers (and other board members) of CNYC member cooperatives and condominiums attend at no cost, but advanced registration is required. Non-members are very welcome at a fee of $50, payable in advance. Reserve your place using the link below, or by calling CNYC at (212) 496-7400 or register by e-mail to workshops@CNYC.coop. To pay at the door, preregister and add $15. Location TBA MM/DD/YYYY

CNYC: Workshop for Building Treasurers

Treasurers are responsible for the financial health of their cooperatives and condominiums. This task has diverse ramifications--all are potential discussion topics at the Treasurers' Workshop, conducted periodically by CNYC. This is not a 'how- to' presentation, but rather an opportunity for treasurers to 'talk shop' under the guidance of Rick Montanye of the accounting firm of Marin & Montanye. Issues raised brought by participants set the agenda. Treasurers (and other board members) of CNYC member cooperatives and condominiums attend at no cost, but advanced registration is required. Non-members are very welcome at a fee of $50, payable in advance. Reserve your place using the link below, or by calling CNYC at (212) 496-7400 or register by e-mail to workshops@CNYC.coop. To pay at the door, preregister and add $15.

Location TBA map

Wed, Jun 20, 2:00pm – 3:00pm

CAI Webinar: How to Reach Your Community: Social Media, Newsletters, Websites, and More

Wed, Jun 20, 2:00pm – 3:00pm add to calendar 20-06-2018 14:00 20-06-2018 15:00 America/New_York CAI Webinar: How to Reach Your Community: Social Media, Newsletters, Websites, and More Learn how to connect, communicate, and enhance community spirit while broadening your reach through print and online channels in your neighborhood. Using an award-winning CAI member community’s example, you’ll examine successful volunteer efforts like converting a newsletter to a magazine, using Facebook and other social media channels for announcements, photos, and videos, emailing residents about current news and event planning, and creating websites to serve residents and prospective residents. For information, visit <a href="http://www.caionline.org/">www.caionline.org</a>. MM/DD/YYYY

CAI Webinar: How to Reach Your Community: Social Media, Newsletters, Websites, and More

Learn how to connect, communicate, and enhance community spirit while broadening your reach through print and online channels in your neighborhood. Using an award-winning CAI member community’s example, you’ll examine successful volunteer efforts like converting a newsletter to a magazine, using Facebook and other social media channels for announcements, photos, and videos, emailing residents about current news and event planning, and creating websites to serve residents and prospective residents. For information, visit <a href="http://www.caionline.org/">www.caionline.org</a>;.

Wed, Jun 27, 6:00pm – 8:00pm

Bisnow: Westchester and Fairfield State of the Market

Wed, Jun 27, 6:00pm – 8:00pm add to calendar 27-06-2018 18:00 27-06-2018 20:00 America/New_York Bisnow: Westchester and Fairfield State of the Market This seminar will provide you with valuable information all first time homebuyers should know in order to make well informed decisions and become an empowered and educated consumer. Learn about the steps to homeownership as well as our vast array of programs and resources available such as grants, mortgage loan products, referral services to lenders, inspectors, attorneys, real estate and insurance agents. For information, visit www.bronxnhs.org. 677 Washington Blvd., Stamford, CT MM/DD/YYYY

Bisnow: Westchester and Fairfield State of the Market

This seminar will provide you with valuable information all first time homebuyers should know in order to make well informed decisions and become an empowered and educated consumer. Learn about the steps to homeownership as well as our vast array of programs and resources available such as grants, mortgage loan products, referral services to lenders, inspectors, attorneys, real estate and insurance agents. For information, visit www.bronxnhs.org.

677 Washington Blvd., Stamford, CT map

Tue, Jul 10, 6:00pm – 8:00pm

Bronx Neighborhood Housing Services: First-Time Homebuyers Seminar

Tue, Jul 10, 6:00pm – 8:00pm add to calendar 10-07-2018 18:00 10-07-2018 20:00 America/New_York Bronx Neighborhood Housing Services: First-Time Homebuyers Seminar This seminar will provide you with valuable information all first time homebuyers should know in order to make well informed decisions and become an empowered and educated consumer. Learn about the steps to homeownership as well as our vast array of programs and resources available such as grants, mortgage loan products, referral services to lenders, inspectors, attorneys, real estate and insurance agents. For information, visit www.bronxnhs.org. 1447 East Gun Hill Road, Bronx, NY MM/DD/YYYY

Bronx Neighborhood Housing Services: First-Time Homebuyers Seminar

1447 East Gun Hill Road, Bronx, NY map

Wed, Jul 25, 7:00pm – 8:00pm

CNYC: Onboarding New Board Members

Wed, Jul 25, 7:00pm – 8:00pm add to calendar 25-07-2018 19:00 25-07-2018 20:00 America/New_York CNYC: Onboarding New Board Members Newly elected board members need solid instruction and training to understand their roles and fiduciary duties. Operating a co-op or condo involves many of the same responsibilities as any other business, yet board members are volunteers who may not have experience in such matters. A proactive approach to onboarding new members sets the tone and positions the entire board for success. Management companies are an important partner in empowering new board members and helping them learn the ropes. Management Executive Dan Wurtzel will walk participants through best practices of onboarding new members .There is no fee for representatives of CNYC, FNYHC, CAI and ARC member cooperatives and condominiums to attend this session ; others are welcome at a fee of $50 if paid in advance or $75 at the door. Advance reservations are required. Call the CNYC office at (212) 496-7400 or send e-mail to workshops@CNYC.coop to reserve your place. Location TBA MM/DD/YYYY

CNYC: Onboarding New Board Members

Newly elected board members need solid instruction and training to understand their roles and fiduciary duties. Operating a co-op or condo involves many of the same responsibilities as any other business, yet board members are volunteers who may not have experience in such matters. A proactive approach to onboarding new members sets the tone and positions the entire board for success. Management companies are an important partner in empowering new board members and helping them learn the ropes. Management Executive Dan Wurtzel will walk participants through best practices of onboarding new members .There is no fee for representatives of CNYC, FNYHC, CAI and ARC member cooperatives and condominiums to attend this session ; others are welcome at a fee of $50 if paid in advance or $75 at the door. Advance reservations are required. Call the CNYC office at (212) 496-7400 or send e-mail to workshops@CNYC.coop to reserve your place.

Location TBA map

Wed, Aug 15, 7:00pm – 8:00pm

CNYC: Solar for Co-ops and Condos: How to Make It Happen

Wed, Aug 15, 7:00pm – 8:00pm add to calendar 15-08-2018 19:00 15-08-2018 20:00 America/New_York CNYC: Solar for Co-ops and Condos: How to Make It Happen Board members and residents of housing cooperatives and condominiums who are interested in reducing their building’s operating costs and environmental footprint by going solar will want to attend this class.. Experts from Solar One, an environmental non-profit that helps buildings install solar in NYC, will walk participants through options available for coops and condos to talk advantage of onsite and offsite solar. During the class, buildings – consider volunteering yours! – will undergo a remote solar assessment. There will also be discussion of equtable distribution of the cost and benefits of onsite solar. And for those buildings that aren’t suited to site solar, Solar One will explain how to benefit from Community Shared Solar. There is no fee for representatives of CNYC, FNYHC, CAI, CCC and ARC member cooperatives and condominiums to attend this session; others are welcome at a fee of $50 if paid in advance or $75 at the door. Advance reservations are required. Call the CNYC office at (212) 496-7400 or send e-mail to workshops@CNYC.coop to reserve your place. Location TBA MM/DD/YYYY

CNYC: Solar for Co-ops and Condos: How to Make It Happen

Board members and residents of housing cooperatives and condominiums who are interested in reducing their building’s operating costs and environmental footprint by going solar will want to attend this class.. Experts from Solar One, an environmental non-profit that helps buildings install solar in NYC, will walk participants through options available for coops and condos to talk advantage of onsite and offsite solar. During the class, buildings – consider volunteering yours! – will undergo a remote solar assessment. There will also be discussion of equtable distribution of the cost and benefits of onsite solar. And for those buildings that aren’t suited to site solar, Solar One will explain how to benefit from Community Shared Solar. There is no fee for representatives of CNYC, FNYHC, CAI, CCC and ARC member cooperatives and condominiums to attend this session; others are welcome at a fee of $50 if paid in advance or $75 at the door. Advance reservations are required. Call the CNYC office at (212) 496-7400 or send e-mail to workshops@CNYC.coop to reserve your place.

Location TBA map

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News

5/24/2018 Manhattan’s Most Expensive Condos - NY Times

The new super-skinny 432 Park is one of the five most expensive condo buildings in New York City, according to the most recent CityRealty 100, an index of Manhattan’s priciest condominium
Read full story

5/24/2018 Broadway bigwig drops price of Midtown co-op by $1M - NY Post

Broadway composer, playwright and venture capitalist Al Tapper is still trying to sell his Midtown penthouse, which comes with some 1,600 square feet of terraces, at the Lombardy building.
Read full story

5/24/2018 Brooklyn Heights’s tallest condo launches sales from $2.4M - Curbed

Sales are underway on what is now the tallest residential building in Brooklyn Heights. The slender tower at 67 Livingston Street just has 22 apartments spread out over its 29 floors. All the apartments here are full-floor residences save for the condo’s duplex penthouse.
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5/23/2018 Reprieve for troubled Billionaires' Row condo tower - Crain's New York Business

A troubled condo tower on Billionaires' Row has received a financial lifeline.
Read full story

5/23/2018 Park Slope passive house condo with quirky, monolithic facade asks from $1.5M - Curbed

A quirky Park Slope condo that stands like a shiny black monolith among red-brick neighbors has now launched sales on its three apartments.
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5/23/2018 Brooklyn Heights: 19th-Century Streets and 21st-Century Changes - NY Times

When Mary Gannett was ready to retire from Book Court, the beloved Cobble Hill bookstore that she and her husband ran for more than 30 years while raising their family in the apartment above, she crossed Atlantic Avenue to Brooklyn Heights.
Read full story

5/23/2018 “Limestone Jesus” 15 CPW is New York’s top-performing condo tower: report - The Real Deal

The best performing condominium project in New York City isn’t a glossy new development — it’s two decade-old towers, according to a new report.
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5/18/2018 Marisa Tomei lists elegant Greenwich Village pad for $7.5M - Curbed

Academy Award winner Marisa Tomei is parting ways with her longtime Greenwich Village apartment: The actress recently listed her two-bedroom, two-bathroom co-op for a cool $7.5 million.
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5/18/2018 This $85M apartment comes with a trip to outer space - The Associated Press

The owner of a Manhattan condominium is including a trip to outer space with the purchase of an $85 million apartment.
Read full story

5/17/2018 Ex-J. Crew CEO sells Tribeca loft for $19M - The Real Deal

Former J. Crew CEO Mickey Drexler sold his full-floor Tribeca loft for $19 million.
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5/17/2018 Firm building big NYC projects accused of stealing wages - Associated Press

A construction company working on a supertall condo tower and other New York City buildings has been indicted on charges it stole $1.7 million in workers' wages and cheated the state out of $7.8 million by underreporting its payroll.
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5/17/2018 How to Furnish Your Apartment for $5 - NY Times

Fast fashion has been popular for years, but until recently, the concept hasn’t caught on with furniture.
Read full story

5/16/2018 This cantilevering condo will bring 39 apartments to Park Slope - Curbed

A 12-story cantilevering residential building is now rising on what was once known as Brooklyn’s Canyon of Mediocrity. The project is rising on a tiny lot next to ODA New York’s terraced Park Slope condo at 251 First Street, and will cantilever over the three-story structure at 265 Fourth Avenue.
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5/16/2018 Another One57 seller just took a loss - The Real Deal

Canadian billionaire Lawrence Stroll took a loss on the One57 unit he bought in 2014, New York City Department of Finance records show.
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5/16/2018 Last year was the Bronx's biggest for development since the Great Recession - Crain's New York Business

Builders developed 16 million square feet in the Bronx last year, according to a report released Tuesday, the most the borough has seen in nearly a decade.
Read full story

5/16/2018 Opinion: Why Sports Betting Should Finally Bring NJ Property Tax Relief - NJ 101.5

New Jersey finally will have legalized sports betting, possibly by Memorial Day at Monmouth Park. If you think legalizing marijuana was going to bring us a lot of money, you ain't seen nothing yet.
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5/16/2018 Antonio Banderas Lists Co-Op at Prasada on New York City’s Central Park West - Variety

After more than a dozen years in residence, Antonio Banderas is asking $7.95 million for a family-sized apartment on the fourth floor of the elegant and elaborately embellished French Second Empire-style Prasada building on New York City’s Central Park West.
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5/16/2018 Boutique condo in an Upper West Side cul-de-sac launches sales from $1.7M - Curbed

Earlier this year, developer DNA Development announced plans to convert two single room occupancy (SRO) buildings on West 71st Street into a boutique condo development. Now just five months later, the project at 350 West 71st Street has launched sales with apartments asking from $1.725 million.
Read full story

5/15/2018 Price cuts for luxury city condos continue with last week's top deal - Bloomberg

It's tough to make a profit if you bought a Manhattan condo at the height of Midtown's luxury frenzy.
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5/15/2018 Harlem’s Renaissance Ballroom-replacing condo will debut next month - Curbed

The condo building that will replace Harlem’s historic Renaissance Ballroom and Casino is now less than a month from launching sales. Despite efforts by local residents to preserve the structure, developer BRP Companies demolished it in 2015, saying at the time that the existing structure was unsalvageable.
Read full story

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Recent Articles

Navigating DCA Inspections and FHA Approvals - What You Must Know

Switching Management Companies

$85M Penthouse Duplex Includes a Trip to Outer Space

Roof Decks: Things You Should Know Before Installing One

Queens' LIC is One of NYC's Hottest Neighborhoods