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

New this week

New Tools for Housing Equality

Bill Gives NY Dept. of State Greater Power to Punish Brokers Who Discriminate

On Friday, July 24, New York State passed S6874A/A8903-A, a bill granting the NY Department of State greater authori…

Safety, Security, & Visiting Service Providers

Nannies, Dog Walkers, & Other Domestic Helpers Return

Assessing & Improving Indoor Air Quality in the COVID Era

Buildings Need to Breathe

Buildings to Receive Energy Efficiency Ratings

DOB, EPA Team Up to Issue 'Grades' from A to F

Communicate...and Then OVERcommunicate

Tips for Getting Residents Involved, Engaged, & Informed

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

Using Reserves to Cover a Cash Shortage

Two More Views on a Possible Financial Lifeline

Reserve funds are a normal - and crucial - component of the budget for any co-op and condominium community. Lenders of a…

Finance

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

Tapping Reserves in a Time of Financial Crisis

An Option to (Carefully!) Consider

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

DOB Announces FISP Amnesty Program

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

The New York City Department of Buildings (DOB) has announced an Amnesty Program for owners of buildings who failed …

Upgrading Common Areas to Fight COVID-19

Boards Have a Range of Options

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

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

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

8/3/2020 Business leader says wealthy New Yorkers ‘don’t want to come back’ to the city—NY Post

Wealthy New Yorkers who fled the city during the coronavirus crisis “don’t want to come back” — and may be further deterred by talk of rising taxes, an economic watchdog warned Sunday.
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8/3/2020 The Byzantine Zoning History Of 200 Amsterdam—Commercial Observer

A pair of developers and Upper West Side community activists have been raging a paper crusade against each other over a 670-foot-tall tower that might, as collateral damage, count Department of Buildings guarantees as a casualty.
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8/3/2020 Daniel Wollman, CEO, Gumley Haft, Takes Action For New York Co-ops And Condos—PR Newswire

As the head of Gumley Haft, a New York property management firm, Daniel Wollman, CEO, is involved in thousands of people's lives. He guides boards of co-ops and condos throughout the city on matters that affect residents of New York apartment buildings. With apartments ranging from over $500,000 to millions of dollars, Wollman's company manages some of the most valuable and prestigious real estate in the country.
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8/3/2020 Westchester co-ops must say when they reject an applicant. Soon they may have to say why—Rockland/Westchester Journal News

Co-ops have to notify Westchester County when they reject would-be buyers, but they don’t have to say why. That could change under a proposed amendment to Westchester’s fledgling co-op disclosure law, which went into effect in December 2018.
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8/3/2020 Suburban Homeowners Looking to Downsize Buy in the City—Mansion Global

The pandemic and stay-at-home guidelines stimulated a lifestyle reevaluation for many people. For some, that meant giving up a city home for the fresher air and outdoor space of the suburbs or the country, but, on the other hand, some took this as an opportunity to fulfill the dreams they had long nurtured to downsize from their too-large home and embrace an urban way of life.
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8/3/2020 The End of Housing as We Know It—The New Republic

The nail salon in Queens where Mariwvey Ramirez works reopened earlier this month, but the customers have been hesitant to return. “I went back to work for three, four days now, and yesterday they tell me that maybe it is going to close because there is no work, no business,” she said when we first spoke. “And what is going to happen … when here in New York the rents are over two thousand dollars?"
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8/3/2020 As Manhattan Market Slumps, Classic Co-Ops Offer Safety and Stability—Mansion Global

With their notoriously stringent vetting processes, high down payment requirements, and comparative lack of shiny new amenities, New York City’s traditionally tony co-op buildings have fallen out of favor with many luxury buyers in recent years.
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7/30/2020 This New NYC Co-op Tower by Robert A.M. Stern Has the Guggenheim and Central Park for Neighbors—The Robb Report

When it comes to vertical living in New York City, few architects have as much name recognition as Robert A.M. Stern. His buildings, distinguished for their classic, elegant style and creamy limestone façades, are among the most sought-after in the city. Which is why 1228 Madison Avenue, a boutique residential tower by Robert A.M. Stern Architects (RAMSA), presents such a rare opportunity.
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7/30/2020 Inside a Park Avenue Co-Op That Playfully Breaks With Convention—Architectural Digest

“I am not formal at all,” said designer Brock Forsblom’s client, who grew up on the Upper East Side. “I have a love affair with Los Angeles and want to get off the elevator and feel like I am in California.”
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7/30/2020 The Billionaire's Bunker: Inside The Luxury Building Boasting The Country's Priciest Condos—Guest of a Guest

Millions of Americans are looking at evictions and foreclosures in the coming months, but the financial elite are having no problem making record-breaking real estate buys. In the past week alone, three major sales have made headlines at 220 Central Park South, the white-glove residence consisting of an 18-story villa and 79-floor tower overlooking the park.
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7/30/2020 New York Revises Real Estate Foreclosure Procedures—Lexology

On March 20, Governor Cuomo issued a blanket moratorium on foreclosure by lenders of any residential or commercial property until June 20, 2020. This protection was extended to August 20, 2020 for residential or commercial mortgages owned by someone “that is eligible for unemployment insurance or benefits under state or federal law or otherwise facing financial hardship due to the COVID-19 pandemic.
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7/28/2020 Making a Move During the Pandemic? Not So Fast—The New York Times

Last summer, Steve and Ellen Resnick followed their daughter and son-in-law from the Harlem condominium where both families lived to a new life in New Jersey. That was the plan, anyway.
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7/28/2020 Howard Stern remembers neighbor Regis Philbin strutting around in ‘Richard Simmons short-shorts'—Daily News

Regis Philbin wasn’t just a colleague to radio star Howard Stern, he was also a longtime neighbor who made riding the elevator and walking through the lobby a lot more fun.
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7/28/2020 Permits Filed For 1367 Eastern Parkway In Crown Heights, Brooklyn—NY YIMBY

Permits have been filed for a seven-story residential building at 1367 Eastern Parkway in Crown Heights, Brooklyn. Located between Portal Street and Ralph Avenue, the interior lot is three blocks east of the Utica Avenue subway station, serviced by the 3, 4, and 5 trains. Zalmen Kaufman under the 1367 EP NY LLC is listed as the owner behind the applications.
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7/27/2020 Coronavirus Shutdown Inspires New Series - The Building: Under Lockdown, Created Entirely on Zoom. Westside Rag and Art Paradise Agree: "The Show is Good!"—IT News Online

The cast is comprised of some of New York’s most beloved stage actors: Pun Bandhu, Joseph Delafield, Laura Esterman, Kevin R. Free, Kathryn Grody, Robert Lupone, Jodie Markell and Alexandra Napier. The characters are a group of iconographic New York personalities living in their Riverside Drive apartment building. With the appearance of COVID-19, they have to navigate their new shut-down world and the complications it presents – while juggling the ongoing fights, feuds and intrigues of their neighbors.
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7/27/2020 New Developments Throw in Free Parking Spaces, Years of Maintenance Fees as Sales Concessions—Mansion Global

For the past several months, wealthy buyers in search of safety and personal space have flocked to vacation and single-family home markets across the country, leaving some new condo developments out in the cold.
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7/23/2020 ConEd asks 80K customers in Bronx to not use AC amid heat wave repairs—ABC7 News

Con Edison is asking 80,400 customers in the southeast part of the Bronx to conserve energy as crews repair equipment amid the ongoing heat wave.
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7/22/2020 Susan Sarandon Lists Longtime Manhattan Home for $7.9 Million—The Wall Street Journal

Susan Sarandon keeps her awards, including her Oscar for “Dead Man Walking,” in a bright blue-painted bathroom in her longtime New York City home.
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7/21/2020 The Alfred On Fleet Nears Completion At 112 Fleet Street In Downtown Brooklyn—NY YIMBY

Work is nearing completion on The Alfred on Fleet, a 12-story condominium building at 112 Fleet Street in Downtown Brooklyn. Formerly known as 167 Willoughby Street, the structure comprises 24,250 square feet spread across 23 units.
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7/20/2020 Building superintendent’s daughter exposes wealthy NYC in new novel—NY Post

Lee Conell’s novel “The Party Upstairs” (Penguin Press), out now, tracks a day in the life of a co-op building on the Upper West Side — all of its trash, hidden rooms and hallways, broken sinks — and all of the human relationships, pecking orders and drama contained within it.
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Recent Articles

New Tools for Housing Equality

Q&A: How to Fire a Super

Q&A: When a Mitchell-Lama Co-op Goes Private

Q&A: Maintenance Increases in a Pandemic

Handling Harassment in Multifamily Housing