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

New this week

NYC Leaders Debate Property Tax and Interest Rates

Property Owners Worry as July 1 Tax Payments Loom

According to Patch.com, New York City is facing a $9 billion deficit in the weeks leading up to its annual deadline …

IREM Establishes COVID-19 Relief Fund

27 Chapters on Board So Far

Multifamily Developers Experiencing Pandemic-Related Delays

Construction Resuming - Slowly - as States Open Up

Important COVID-19 Reporting Updates from OSHA

New Recording Requirements May Impact Some Buildings & HOAs

NYC Benchmarking Filings Postponed

A Harbinger of Things to Come?

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

NYC Leaders Debate Property Tax and Interest Rates

Property Owners Worry as July 1 Tax Payments Loom

According to Patch.com, New York City is facing a $9 billion deficit in the weeks leading up to its annual deadline …

Finance

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

March 20, 2020

Coronavirus & the NYC Market

Past Crises Suggest Reason for Hope

New Law Could Cap Maintenance & Common Charge Increases

Some Predict Trouble for Multifamily Communities & Owners

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

DOB Announces Amnesty for FISP Inspections

Deadline Extended for Buildings That Failed to File

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

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

Window Deterioration

Recognizing the Main Culprits

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

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

A Tale of Two Co-ops

HDFCs in the Post-Gentrification Age

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

6/4/2020 Manhattan real estate deals plunge 84% in May amid coronavirus, protests—CNBC

The number of real estate contracts signed for Manhattan apartments plunged 84% in May compared with last year, as shutdowns to prevent the spread of Covid-19 and protests following the death of George Floyd effectively paralyzed the market.
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6/4/2020 Security Guards Flooding New York After Looting Binge—Wall Street Journal

Soon after the first crash of broken glass in downtown Manhattan as peaceful protests gave way to looting, the calls to Beau Dietl & Associates started coming from stores, offices and apartment buildings for security guards.
Read full story

6/1/2020 Why sheltering in NYC is unlike anywhere else: An essay—Brick Underground

Riding out the coronavirus in a typical New York City apartment has not been the same—not even close—as sheltering in a suburban house. Think of the rooms and the ancillary places—the backyards, porches, garages, attics, and basements that houses have—where suburbanites can go to escape each other, or get some fresh, socially distant air to breathe, or just avoid a pile of unfolded laundry.
Read full story

6/1/2020 New York City Property Taxes Rise as Coronavirus Pushes Values Down—Wall Street Journal

New York City property owners owe $1.65 billion more in property taxes than they did last year, despite a pandemic that has hobbled real-estate values.
Read full story

6/1/2020 Aermec’s fast cooling solution for New York condos—Modern Building Services

Aermec came to the rescue when a chiller in a multi-family condominium in New York City needed replacing, by completing the installation and commissioning of new chillers within two weeks.
Read full story

6/1/2020 We Must Not Ignore the Toll of COVID-19 on the Bronx—Fordham Ram

Since the COVID-19 pandemic struck New York City, Fordham’s Rose Hill campus has been left largely empty as classes transitioned online and students and faculty returned home. While the majority of us have left the Bronx, we cannot ignore the devastating toll that the pandemic has taken on the borough.
Read full story

5/29/2020 De Blasio Delay Plus Pandemic Means Property Tax Reform Appears Off the Table This Year—Gotham Gazette

The start of the year 2020 offered what many believed to be the most promising steps in decades to revamping New York's confusing and unfair property tax system. In January, an advisory commission established by Mayor Bill de Blasio and the New York City Council, which was tasked with comprehensively assessing and reevaluating the property tax system, released a set of recommendations.
Read full story

5/29/2020 New York’s Townhouses Poised for Comeback as Buyers Prize Space, Privacy and Social Distance—Mansion Global

The past two years have seen a slowdown in New York City’s formerly gangbusters real estate market, with townhouses facing a particularly stark slump—median sales prices for Manhattan townhouses plunged nearly 35% year-over-year in the third quarter of 2019.
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5/29/2020 NY Landlords Sue Over Cuomo's Order Restricting Evictions—Law360

A group of landlords filed a federal lawsuit Thursday against New York Gov. Andrew Cuomo over his executive order limiting evictions during the COVID-19 crisis, arguing that the move violated their due process rights and their "constitutionally protected right against takings."
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5/29/2020 NYC Judge Cites 'Drafting Issue' In Eviction Guidance—Law360

New York City landlords do not have the court's blessing to investigate their tenants' finances as a prerequisite for commencing a new eviction case, an administrative judge told dozens of attorneys, citing a "drafting issue" in newly published court directives.
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5/28/2020 Justin Theroux 'accuses NYC neighbour of domestic abuse' in ongoing court battle—Evening Standard

here has been a dark development in Justin Theroux’s battle against his downstairs neighbour in New York, as the Leftovers star has reportedly accused Norman Resnicow of domestically abusing his 71 year old wife.
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5/28/2020 Coop Property Of The Week!! In Forest Hills, Queens, New York—Patch.com

JUST LISTED!! "Barclay Plaza Premier 2 bedroom/ 1 Bath Coop with Terrace"
Read full story

5/28/2020 Steve Mnuchin’s socialite sister sues potential buyers of her $8M pad—NY Post

The socialite sister of US Treasury Secretary Steve Mnuchin is suing two potential buyers of her Park Avenue penthouse for a near $1 million deposit after she claims they tanked the deal, new court papers show.
Read full story

5/28/2020 Bold Buyer Spends Almost $1M Without Seeing NYC Condo in Person Due to Coronavirus—NY1

Sales of houses and apartments in the city plummeted after Governor Cuomo ordered a halt to in-person showings of residential real estate to help stop the spread of the coronavirus. Even with those restrictions, some sales are still taking place. They’re often deals that require a bold buyer, willing to take an almost blind risk.
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5/28/2020 New York City Business And Civic Leaders Are Now Pushing For Property Tax Relief—Forbes

A broad coalition of city leaders, from business to civic groups, is urging Mayor Bill de Blasio to put a freeze on property tax bills and provide relief for property owners who are struggling with their payments amidst the COVID-19 pandemic.
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5/21/2020 Co-Op City, the ‘City Within A City’ in the Bronx, Shaken by Sickness and Fear—NBC New York

Tarhia Morton and her family were planning to party this year. She is retired after 40 years with the U.S. Postal Service. Her sister is turning 70. A birthday bash in Las Vegas was booked for August.
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5/21/2020 Brian D. Obergfell, Robyn DesHotel and Andrew Reicher join the Board of Directors for National Cooperative Bank—Yahoo! Finance

National Cooperative Bank (NCB), a leading financial services company dedicated to providing banking products and services to cooperatives, their members and socially responsible organizations nationwide is pleased to welcome three new members to its board of directors.
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5/21/2020 Coronavirus News: Cuomo calls for outreach to hardest hit low-income areas—ABC 7 News

The Bronx has been hit harder by the coronavirus than any other place in the New York City metropolitan area. And within the Bronx, almost no place has been hit as hard as Co-op City.
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5/21/2020 New Yorkers find ways to cram in Pelotons amid coronavirus—NY Post

One week into New York’s stay-at-home order, Nicole Rosofsky couldn’t sleep. As her thoughts churned with coronavirus-fueled anxiety, the Upper East Sider focused on the one thing she could control: her exercise routine.
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5/21/2020 The Winners and Losers When New York’s Luxury Home Market Reopens—Bloomberg

At the start of 2020, New York’s luxury real estate market was finally showing signs of life. There was still a large oversupply of new condos on the market, but buyer and seller expectations—never aligned in the best of circumstances— were slowly beginning to move in tandem.
Read full story

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NYC Leaders Debate Property Tax and Interest Rates

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