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

New this week

Showing & Selling Apartments in the 'New Normal'

What to Expect as the Market Re-Opens

As New York City’s real estate market navigates its emergence from COVID-19 torpor, the question at the forefront of man…

As Brokerage Re-Opens, Will Sales Follow?

Industry Pros Cautiously Optimistic

Great Neck's Kenwood Gardens

Long Island's Oldest Co-op Conjures the Great Gatsby

NYC Dept. of Buildings Raises Facade Report Filing Fees

Facade Inspection Safety Program (FISP) Compliance Just Got a Lot More Expensive

Real Estate Organizations Collaborate on Best Practices for Buildings

A Guidebook for Phase 2 Reopening

Management

Coping with Corona

Two Managers on How the Pandemic Is Impacting Their Work

It seemed to come out of nowhere, and hit the city like a whirlwind. As grim daily reports rolled in from China, Italy, …

Management

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

The Cooperator Events presents: The Fight Against COVID-19: Keeping Your Community Clean & Your Staff Safe

A Virtual Town Hall Sponsored by FirstService Residential

Finance

Tapping Reserves in a Time of Financial Crisis

An Option to (Carefully!) Consider

It’s a question we’re asked all the time: "Can we use reserves to cover an operating fund shortfall?" Under normal circu…

Finance

Real Estate Tax & Rent Deferment

City Council Considering Two Bills

NYC Leaders Debate Property Tax and Interest Rates

Property Owners Worry as July 1 Tax Payments Loom

April 30, 2020

Co-ops, Condos, HOAs & PPP Loans

Confusion Abounds for Communities Seeking Fed Assistance

March 26, 2020

Appraisals and Loan Processing in the COVID-19 Crisis

Business as (Un)usual

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

April 9, 2020

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

Helping Older Neighbors During the COVID-19 Pandemic

4 Things You Can Do

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

March 20, 2020

Vulnerable Residents

Safety for All

Conflict in Client Communities

What's the Manager's Role?

Managing Conflicts

How Managers Make Peace

Managing Multifamily Buildings

What Are the Biggest Challenges?

Maintenance

Upgrading Common Areas to Fight COVID-19

Boards Have a Range of Options

The COVID-19 pandemic is a once-in-a-century event (at least we hope so!) that has changed the way we work, play and liv…

April 23, 2020

DOB Announces Amnesty for FISP Inspections

Deadline Extended for Buildings That Failed to File

2020 April

When Interior Renovations Become Exterior Issues

Coping With Construction

March 20, 2020

Multifamily Cleaning & Hygiene Tips

Keeping Your Community Safe

Maintaining Air Quality

Managing the Indoor Environment

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

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?

Built-In Apartment Features

A Matter of Personal Taste and Style

Repurposing Unused Space

Making Amenities Out of Nothing

Insurance

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

Combatting Kickbacks

Spotting and Stopping Fraud in Your Community

News

6/30/2020 Why New Yorkers Won’t Actually Move to The Suburbs—I Love the Upper West Side

Since the onset of coronavirus in New York City, there have been countless media reports highlighting New Yorkers fleeing New York City for the suburbs. Once again, the demise of New York City has been greatly exaggerated!
Read full story

6/30/2020 NY Landlords Lose Challenge To Cuomo's Eviction Limits—Law360.com

A Manhattan federal judge on Monday rejected a bid by landlords to quash New York Gov. Andrew Cuomo's limits on evictions during the COVID-19 crisis, finding the restrictions do not violate landlords' rights under federal law and that the court has no jurisdiction over state law questions they may raise.
Read full story

6/30/2020 Can Dog Walkers and Nannies Come Into My Co-op Now?—The New York Times

New York City has begun the slow process of reopening, but that doesn’t mean a return to normal. The next phase will look quite different from the city we knew before the shutdown.
Read full story

6/30/2020 More Renters Becoming Second-Home Owners—Mansion Global

Many people are rethinking their living arrangements because of the COVID-19 pandemic. For city dwellers, that often means a move to a more spacious spot.
Read full story

6/30/2020 Judges question need for public review of controversial Two Bridges projects—The Real Deal

Two appellate court judges expressed doubt Thursday that four planned Manhattan towers require City Council approval.
Read full story

6/30/2020 Pandemic-Emptied Hotels Could Become Affordable Housing, City Officials Suggest—The City

City officials are looking to capitalize on a distressed tourism industry by converting commercial hotels into affordable housing — including creating single room occupancy units known as SROs.
Read full story

6/29/2020 Where does Lin-Manuel Miranda live and how big is his house?—Nicki Swift

Along with being the creator and former star of the Broadway smash-hit Hamilton, Tony Award-winner Lin-Manuel Miranda is also the man behind the musical In the Heights, a story that's centered in New York City, which is where he was born and raised. It's also a place that's obviously incredibly special to Miranda.
Read full story

6/24/2020 Apartment Showings Return in NYC With New Rules for Covid Era—BloombergQuint

For the last three months, one of the classic New York City real estate rituals was off limits: in-person apartment showings.
Read full story

6/23/2020 Co-op and Condo Boards' Secret Litigation Weapon—New York Law Journal

Lawsuits from cooperative shareholders and condominium unit owners opposing their boards’ conduct have become commonplace. When confronted with such challenges to their authority, boards, of course, may defend their position on the merits, or they may seek legal vindication under the Business Judgment Rule.
Read full story

6/23/2020 A Moratorium on Evictions Ends, Leaving Thousands of Tenants Fearful—The New York Times

A moratorium on evictions that New York State imposed during the coronavirus pandemic expired over the weekend, raising fears that tens of thousands of residents struggling in the worst economic collapse since the Great Depression will be called into housing courts, which reopened on Monday.
Read full story

6/23/2020 New York Passes Mandatory Forbearance Law, Inviting Potential Constitutional Challenge—Lexology

On June 17, New York Gov. Andrew Cuomo signed one of the most far-reaching COVID-19 mortgage assistance state programs yet into law. Affected servicers and lenders will soon need to decide whether they should find a way to comply, or bring a constitutional challenge.
Read full story

6/23/2020 The 6 Luxury Condo Buildings In New York With The Most Unsold Inventory—Bisnow

For the city’s pricey new residential development market, 2020 was shaping up as a challenging year before it became the epicenter of the worst pandemic in a century.
Read full story

6/23/2020 Around Brooklyn: Many act like pandemic is already over—Brooklyn Daily Eagle

Many New Yorkers are acting like the coronavirus pandemic is over, even though the City is only beginning Phase Two of four phases. Teenagers with baseball gloves and a bat sneak through a hole in a fence. Bar patrons socialize at outdoor tables without face coverings. “We made it, that’s all I can say,” said one of three sisters who were sitting close together on a bench at Coney Island on Friday. The sisters had followed the quarantine guidelines until recently, The New York Times said.
Read full story

6/23/2020 StreetEasy settles Elliman dispute with a major concession—The Real Deal

A dispute between New York City’s most popular listing portal and a top-producing brokerage has been settled — but not without a major concession.
Read full story

6/23/2020 Manhattan’s Real Estate Market Enters Phase 2 in Stronger Position—Mansion Global

As real estate agents get back to work—part of New York City’s Phase 2 reopening on Monday—they’re being greeted with some relatively good news.
Read full story

6/22/2020 Longtime congressman from N.Y. tries to avoid an AOC-style upset—The Washington Post

Standing outside a firehouse here, as 10,000 donated masks were delivered, Rep. Eliot L. Engel confronted the questions that had put his 31-year congressional career in jeopardy.
Read full story

6/22/2020 New York City Real Estate Industry Set To Reopen. Will It Follow The Reality In Other Global Cities?—Forbes

As New York enters the second phase of reopening its economy on Monday, the real estate industry in the Big Apple is also readying for a restart after several months of halted in-person home showings and contract signings.
Read full story

6/22/2020 Parts Of NYC Rife With Empty Apartments; Real Estate Experts Say Pandemic Causing Buyers And Renters To Reevaluate Priorities—CBS News New York

As New Yorkers flee the city amid the coronavirus pandemic, parts of the city’s real estate market are rife with empty apartments.
Read full story

6/22/2020 Developer PAC spends big to boost Donovan Richards’ bid for Queens borough president—Queens Daily Eagle

A Real Estate Board of New York-backed political action committee is spending big for Donovan Richards in the final days before the Democratic primary for Queens borough president.
Read full story

6/19/2020 NYC home sales came to a halt this spring. But things are about to change—CNN Business

During the three months that coronavirus shut down New York City, the real estate market came to a halt. That changes on Monday when the city reopens at a broader level and the local real estate market effectively flips the lights back on.
Read full story