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

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Collections in 2020

Why Race Matters

The first seven months of 2020 have been difficult and uncertain for our country. With the emergence of the COVID-19 pan…

32BJ SEIU Prez Outraged By Inaction in DC

Essential Workers 'Getting Executive Order PR Stunts' Instead of Needed Aid

Signs of Structural Damage

What Boards, Managers, & Building Staff Should Look For

As Families Flee, Empty Nesters Enter

COVID Crisis Moves Buyers Both Away From - and Into - the City

Holding Steady

Queens Neighborhoods See Solid Values Despite Pandemic

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

Signs of Structural Damage

What Boards, Managers, & Building Staff Should Look For

Every municipality has its own schedule and criteria for exterior building inspections and upkeep - but in between offic…

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

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

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

8/13/2020 Color expert Donald Kaufman lists Chelsea triplex for $2M—The New York Post

Donald Kaufman, known as a master architectural colorist, and his wife Taffy are listing their Chelsea triplex for $1.97 million.
Read full story

8/13/2020 Fitch Affirms CSAIL 2017-CX9; Revises Two Outlooks to Negative—Fitch Ratings

...The next largest specially serviced loan is the Acropolis Garden (3% of the pool) loan, which is secured by a multifamily cooperative property consisting of 16 buildings and 618 units located in Astoria, NY.
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8/13/2020 The pandemic real estate market—Axios

It's not just emotional buying, real estate agents say: There are smart and strategic reasons that Americans of all ages, races and incomes are moving away from urban centers.
Read full story

8/13/2020 Media Power Couple List Glassy West Village Condo—Variety

Media power couple Rich Bressler, President/COO/CFO of iHeartMedia, and Lisa Gersh, co-founder of the Oxygen network, have listed their designer-done three-bedroom and 3.5-bathroom high-rise condo in New York City’s historic and charming West Village at $7.95 million.
Read full story

8/13/2020 Report: Median Sales Price in Queens Rises in 2Q2020, Number of Transactions Plunges—Long Island City Post

A new report has revealed that the number of residential real estate sales in Queens plunged during the second quarter although sales prices in the borough increased.
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8/11/2020 The NYC Neighborhood Report: 44 Neighborhoods Closed Fewer Than 5 Sales Under Q2 Pandemic Pressure—Property Shark

Marked by strict lockdowns, the halt of economic activity and, regrettably, the loss and suffering brought on by COVID-19, New York City’s real estate market was bound to present a decidedly different picture in the second quarter both year-over-year (Y-o-Y) and quarter-over-quarter (Q-o-Q).
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8/11/2020 Garthchester Realty Acquires Stillman Assets—Real Estate Weekly

Craig Perusini and Brian Scally, principals of Garthchester Realty, have acquired the assets of Stillman Property Management, a third-generation, Westchester-based firm.
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8/10/2020 Manhattan Luxury is Seeing the Slowest Start to August in More Than 10 Years—Mansion Global

Six homes asking $4 million and up found buyers across Manhattan last week, doubling last week’s paltry number, but still way below average, according to a weekly report from Olshan Realty released Monday. In fact, it’s been the slowest start to August since 2009, according to the brokerage.
Read full story

8/10/2020 NY Courts Say Eviction Pause Continues, For Now—Law360

The New York Office of Court Administration on Friday said that a pause on evictions and most related proceedings remains in place, perpetuating an uneasy status quo for tenants, landlords and their attorneys.
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8/10/2020 During a Pandemic, Lobbies Set Expectations for How Buildings Tackle Virus Contamination—Mansion Global

In high-end residential buildings across the U.S., lobbies are far from mere entrances. They offer lavish welcomes, set lofty expectations and embody the overarching aesthetics of the residences that sprawl beyond them. But in the age of coronavirus, much like individual homes and shared amenities, lobbies are assuming new sensitivities and features that bow to the ways the virus has reshuffled our priorities.
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8/10/2020 NYC moms fleeing Upper West Side amid crime and chaos—NY Post

Start spreadin’ the news, they’re leavin’ today! However, the people packing their bags are not coming to New York City — they’re fleeing it for good.
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8/7/2020 Leaving New York: How to Choose the Right Suburb—The New York Times

For some New Yorkers, urban life is a phase, to be experienced between college and the birth of a first or second child. The question of moving to the suburbs is not “whether,” so much as “when.”
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8/7/2020 How to settle property disputes without sawing your neighbor’s garage in half—Bankrate.com

If you own where you live — whether it’s a suburban tract house, a farmhouse on 40 acres in Maine or a studio apartment in a New York City co-op — your home is your castle.
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8/6/2020 People are renting or buying second homes to use as offices—NY Post

When Felipe Vasconcelos heads to work, he doesn’t have to stay shut inside his one-bedroom Murray Hill condo — and he doesn’t have to commute to his Brooklyn office either. Instead, the 37-year-old takes an elevator six floors down to a 450-square-foot studio apartment, which he rented two weeks ago for $2,100 per month.
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8/6/2020 Manhattan Lags With Suburban Shift Fueling Region’s Home Sales—BloombergQuint

New York area home shoppers were in a buying mood last month. Everywhere, that is, except Manhattan.
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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.
Read full story

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Recent Articles

Collections in 2020

32BJ SEIU Prez Outraged By Inaction in DC

Signs of Structural Damage

As Families Flee, Empty Nesters Enter

Holding Steady