Air Rights - Generating Value for Unit Owners & Buildings Seminar - The Cooperator Expo New York

By Cooperator Studio 4 June 2018 Seminars

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Chelsea Condo Owners Halt Tower Project by Paying $11M

They Bought the Air Rights to Protect Their Views

The Cooperator Expo New York Returns to Javits Thursday October 11th

Second Annual Fall Trade Show Will Draw Thousands

The Cooperator Expo New York

Crowds Pack the Hilton for Another Great Event

The Cooperator Expo - New York’s Biggest & Best Co-op, Condo & Apt Expo

Returns to the Javits Center

Listen to the Pros - Top Issues Your Property Manager Wants You to Know

Seminar - The Cooperator Expo New Jersey

Dealing with Problem Residents & Objectionable Tenants - What Boards can do when Talking Fails

Seminar - The Cooperator Expo New York

News

7/13/2020 NY Courts Extend Hold On Evictions In Latest Twist Of Saga—Law360.com

The New York Office of Court Administration on Wednesday extended a pause on evictions and related proceedings at least through Aug. 5, even as Gov. Andrew Cuomo chipped away at remaining pandemic-related eviction restrictions.
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7/10/2020 Hold Off on Reopening Pools and Gyms in Condos and Coops—Lexology

Summertime is here, and so is Phase Three of the reopening of New York City following the onset of the COVID-19 pandemic in the United States. For the first time in four months, residents of NYC are beginning to feel a sense of normalcy now that outdoor dining at restaurants is permitted and public beaches are open. Boards of condominiums (condos) and cooperatives (coops) are now under pressure by their unit owners and shareholders to reopen their buildings’ amenities, including pools and fitness centers. After all, buildings with such amenities come at a steep price.
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7/9/2020 Marilyn Monroe’s former shrink’s office for sale—NY Post

Marilyn Monroe’s former psychiatrist’s office is now a maisonette — on the market for $1.12 million.
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7/9/2020 Penthouse at Manhattan’s ‘White House’ Hits the Market for $19.75 Million—Mansion Global

A penthouse perched atop 262 Central Park West, a 1928 co-op known as “The White House” in Manhattan for its distinguished white brick and limestone exterior, will be listed for $19.75 million Wednesday, Mansion Global has learned.
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7/8/2020 Cash Homebuyers Threaten Covid Recovery and Deepen Racial Wealth Gap—Gotham Gazette

An astonishing 11.3% of New York mortgage borrowers are behind on their mortgage, a 121% increase over the same time last year. That figure only hints at the economic pain being felt in New York and across the country, and pain that is being temporarily moderated by stopgap measures like forbearance plans and unemployment insurance, but threatens to bubble over into a full-blown housing crisis.
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7/8/2020 Sales slump in Q2 keeps home prices flat in Westchester, Putnam; rallies in Rockland—LoHud.com

A decline in listings and increased demand driven by coronavirus kept asking prices flat for single-family homes in Westchester and Putnam and drove prices up in Rockland county during the second quarter of 2020.
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7/8/2020 2021 City Council Candidate Nikki Lucas Thanks East Brooklyn Residents For Participating In Democratic Process—EastNewYork.com

Thank You for participating in the democratic process last Tuesday, June 23, 2020. Our team members did extremely well this election, winning 11 of the 13 Judicial Delegate seats and 9 of the 11 Alternate Judicial Delegate seats that we supported. Judicial Delegates have an important role which allows them the ability to both nominate and vote for candidates wishing to become Supreme Court Judges. Congratulations to an amazing team of elected community residents!
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7/8/2020 New York Luxury Condo Developer Tries Hand at REIT Investing—Bloomberg

A developer of some of Manhattan’s newest ultra-luxury condos has started a more down-to-earth project: a fund investing in real estate companies that appear undervalued.
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7/6/2020 To Spur Sales During Luxury Market Lulls, Developers Adopt Rent-to-Own Programs—Mansion Global

When the coronavirus seized the U.S., weakening the already wobbly luxury housing market, developer Gil Dezer revisited a concept he had tried out during the Great Recession more than a decade ago. He rolled out a rent-to-own program for the recently finished Residences by Armani/Casa, one of his crown-jewel projects in Sunny Isles Beach in south Florida.
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7/6/2020 Permits Filed For 160 12th Street In Gowanus, Brooklyn—NY YIMBY

Permits have been filed for a four-story residential building at 160 12th Street in Gowanus, Brooklyn. Located between 3rd Avenue and 4th Avenue, the interior lot is a short walk to the 4th Avenue-9th Street subway station, serviced by the F, G, and R trains. Krzysztof Rostek under the 160 12th Street LLC is listed as the owner behind the applications.
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7/6/2020 What the Coronavirus Has Done to New Development—The New York Times

Skyline Tower, the 778-foot luxury condo building in Long Island City that looms over western Queens, was built to break records.
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7/6/2020 Captain Ardsley Secor Volunteer Ambulance Corp helps family—Patch.com

About two weeks ago a constituent who resides in a co-op in Greenburgh reached out to me. Her husband, in his mid 80s, is disabled in a hospital bed at home. She has an aide in the other bedroom. The air conditioner blew, was not working and she could not afford to purchase a new air conditioner at this time. She asked if there were government programs to help. There are none, to the best of my knowledge.
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7/2/2020 Carl Icahn’s daughter sells NYC duplex she never lived in at a loss—New York Post

Billionaire Carl Icahn’s daughter Michelle and her husband Michael Nevin just sold their Upper West Side duplex at a loss — closing the deal during the height of the coronavirus pandemic.
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7/2/2020 The Return of Home Renovations—The New York Times

Gail Eisen was in the middle of combining two apartments in a co-op building on Sutton Place in late March, when the coronavirus prompted the shutdown of all nonessential construction projects for more than two months.
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7/2/2020 Trump denounces ‘Black Lives Matter’ mural outside Trump Tower—Boston.com

President Donald Trump criticized New York Mayor Bill de Blasio’s plan to paint a Black Lives Matter mural on the street outside Trump Tower, saying the effort will antagonize police and will be “denigrating this luxury Avenue.”
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7/2/2020 New York Apartment Sales Plunged in 2Q, but Summer Brings Hope—The Wall Street Journal

As the worst quarter in the Manhattan apartment market on record drew to a close last week, broker Bill Kowalczuk saw a glimmer of hope amid the gloom.
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7/2/2020 From Puzzles To Recipes, Real Estate Marketers Are Getting Creative—Forbes

During the first week of Phase Two reopening in New York City, Manhattan new listings were up 97% year over year and up 56% week over week, according to according to real estate market data firm UrbanDigs. However, demand still isn’t meeting supply and contracts signed are down 67% from the same time last year.
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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!
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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.
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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.
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