Home A-Loan The Lowdown on Reverse Mortgages

By Cooperator Staff 2004 Jul Finance

"¢ Borrower must be age 62 or older

"¢ No monthly payment is required

"¢ Must obtain co-op board approval in most cases

"¢ Proceeds can be used for any purpose

"¢ No financial reports, credit history or medical reports required

HOA Financial Statements

Uncovering the Hidden Risks & Opportunities

Underfunded Reserves

The Dangers of Running Short

Report: Manhattan Co-op and Condo Sales Prices Rose for 5th Year in a Row

Douglas Elliman's Latest Study Covers Price Trends From 2008 to 2017

Comments

55hisako@gmail.com on Wednesday, August 13, 2008 12:32 AM

Under what cercumstance co op refuse for me to get home equity loan? I am 62 years old and I would like to get a half million loan aginst debt free, owned 2 million plus co-op.

Events

Mon, Jul 29, 10:00am – 6:00pm

REBNY's Annual Golf & Tennis Outing

Mon, Jul 29, 10:00am – 6:00pm add to calendar 29-07-2019 10:00 29-07-2019 18:00 America/New_York REBNY's Annual Golf & Tennis Outing Player's Information: Golf Tournament: $500 includes breakfast, lunch, reception and dinner; Tennis Tournament: $400 includes breakfast, lunch, reception and dinner; All Day-No Tournament: $350 includes lunch, reception and dinner; Dinner Only with cocktails- $250. For information, visit www.rebny.com. North Shore Country Club, 500 Shore Rd, Glen Head, NY 11545, USA MM/DD/YYYY

REBNY's Annual Golf & Tennis Outing

Player's Information: Golf Tournament: $500 includes breakfast, lunch, reception and dinner; Tennis Tournament: $400 includes breakfast, lunch, reception and dinner; All Day-No Tournament: $350 includes lunch, reception and dinner; Dinner Only with cocktails- $250. For information, visit www.rebny.com.

North Shore Country Club, 500 Shore Rd, Glen Head, NY 11545, USA map

Tue, Jul 30, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Jul 30, 8:00pm – 11:00pm add to calendar 30-07-2019 20:00 30-07-2019 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page.

Tue, Aug 6, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Aug 6, 8:00pm – 11:00pm add to calendar 06-08-2019 20:00 06-08-2019 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, Aug 13, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Aug 13, 8:00pm – 11:00pm add to calendar 13-08-2019 20:00 13-08-2019 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Wed, Aug 14, 9:00am – 11:00am

CAI-Hudson Valley: Industry Debates

Wed, Aug 14, 9:00am – 11:00am add to calendar 14-08-2019 09:00 14-08-2019 11:00 America/New_York CAI-Hudson Valley: Industry Debates Debate Topics (subject to change): 1) Should boards always show a 'united front' at resident meetings or do residents have the right to know what board members believe in regard to all items? 2) Do pets add value to an association, and if so, is it worth it? No charge and limited to board members, managers and volunteers. For information, <a href="https://www.cai-hvny.org" target="_blank" id="ow381" __is_owner="true">https://www.cai-hvny.org</a>. Westchester Marriott, 670 White Plains Rd, Tarrytown, NY 10591, USA MM/DD/YYYY

CAI-Hudson Valley: Industry Debates

Debate Topics (subject to change): 1) Should boards always show a 'united front' at resident meetings or do residents have the right to know what board members believe in regard to all items? 2) Do pets add value to an association, and if so, is it worth it? No charge and limited to board members, managers and volunteers. For information, <a href="https://www.cai-hvny.org"; target="_blank" id="ow381" __is_owner="true">https://www.cai-hvny.org</a>;.

Westchester Marriott, 670 White Plains Rd, Tarrytown, NY 10591, USA map

Wed, Aug 14, 1:00pm – 3:00pm

CAI-Hudson Valley: Industry Debates

Wed, Aug 14, 1:00pm – 3:00pm add to calendar 14-08-2019 13:00 14-08-2019 15:00 America/New_York CAI-Hudson Valley: Industry Debates Debate Topics (subject to change): 1) Should boards always show a 'united front' at resident meetings or do residents have the right to know what board members believe in regard to all items? 2) Do pets add value to an association, and if so, is it worth it? No charge and limited to board members, managers and volunteers. For information, <a href="https://www.google.com/url?q=https://www.cai-hvny.org&sa=D&ust=1560799438900000&usg=AOvVaw3grvBhpSAWjUokiq_gpyw6" target="_blank">https://www.cai-hvny.org</a>. Homewood Suites by Hilton Newburgh-Stewart Airport, 180 Breunig Rd, New Windsor, NY 12553, USA MM/DD/YYYY

CAI-Hudson Valley: Industry Debates

Debate Topics (subject to change): 1) Should boards always show a 'united front' at resident meetings or do residents have the right to know what board members believe in regard to all items? 2) Do pets add value to an association, and if so, is it worth it? No charge and limited to board members, managers and volunteers. For information, <a href="https://www.google.com/url?q=https://www.cai-hvny.org&sa=D&ust=1560799438900000&usg=AOvVaw3grvBhpSAWjUokiq_gpyw6" target="_blank">https://www.cai-hvny.org</a>;.

Homewood Suites by Hilton Newburgh-Stewart Airport, 180 Breunig Rd, New Windsor, NY 12553, USA map

Thu, Aug 15, 7:30am – 11:00am

Bisnow: Bronx State of the Market

Thu, Aug 15, 7:30am – 11:00am add to calendar 15-08-2019 07:30 15-08-2019 11:00 America/New_York Bisnow: Bronx State of the Market The Bronx is no longer the development secret of New York City and recent home sales confirm this: REBNY reported average home sales price in the Bronx rose 12% in the fourth quarter of 2018 from the same period in 2017 -- compared to sales declines in Manhattan, Brooklyn and Queens. The borough still continues to be a crucial affordable housing destination for low-to-middle income residents as elected officials make efforts to curb rising rental costs. How will developers and CRE professionals forecast the impact of an impending rent regulation battle-ground and these complex factors? Find out how at Bisnow's Bronx State of the Market! For information, visit www.bisnow.com. Location TBD MM/DD/YYYY

Bisnow: Bronx State of the Market

The Bronx is no longer the development secret of New York City and recent home sales confirm this: REBNY reported average home sales price in the Bronx rose 12% in the fourth quarter of 2018 from the same period in 2017 -- compared to sales declines in Manhattan, Brooklyn and Queens. The borough still continues to be a crucial affordable housing destination for low-to-middle income residents as elected officials make efforts to curb rising rental costs. How will developers and CRE professionals forecast the impact of an impending rent regulation battle-ground and these complex factors? Find out how at Bisnow's Bronx State of the Market! For information, visit www.bisnow.com.

Location TBD map

Tue, Aug 20, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Aug 20, 8:00pm – 11:00pm add to calendar 20-08-2019 20:00 20-08-2019 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Wed, Aug 21, 2:00pm – 3:00pm

CAI-Webinar: Miss Deeds: Gathering Evidence for the Enforcement of Rules and Restrictions

Wed, Aug 21, 2:00pm – 3:00pm add to calendar 21-08-2019 14:00 21-08-2019 15:00 America/New_York CAI-Webinar: Miss Deeds: Gathering Evidence for the Enforcement of Rules and Restrictions Board members and managers deal with residents violating rules and restrictions on a regular basis. Addressing pet violations, noise and smell nuisances, rental restrictions, and unapproved architectural modifications can be daunting. Gathering evidence to enforce your community’s documents—sometimes referred to as the master deed or declaration of covenants, conditions, and restrictions—can present its own set of challenges For information, visit <a href="https://www.google.com/url?q=http://www.caionline.org&sa=D&ust=1561579047870000&usg=AOvVaw1wsvZ8m6V8DdGEzfUpRbQ3" target="_blank">www.caionline.org</a>. . MM/DD/YYYY

CAI-Webinar: Miss Deeds: Gathering Evidence for the Enforcement of Rules and Restrictions

Board members and managers deal with residents violating rules and restrictions on a regular basis. Addressing pet violations, noise and smell nuisances, rental restrictions, and unapproved architectural modifications can be daunting. Gathering evidence to enforce your community’s documents—sometimes referred to as the master deed or declaration of covenants, conditions, and restrictions—can present its own set of challenges For information, visit <a href="https://www.google.com/url?q=http://www.caionline.org&sa=D&ust=1561579047870000&usg=AOvVaw1wsvZ8m6V8DdGEzfUpRbQ3"; target="_blank">www.caionline.org</a>;. .

Tue, Aug 27, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Aug 27, 8:00pm – 11:00pm add to calendar 27-08-2019 20:00 27-08-2019 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, Sep 3, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Sep 3, 8:00pm – 11:00pm add to calendar 03-09-2019 20:00 03-09-2019 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Tue, Sep 10, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Sep 10, 8:00pm – 11:00pm add to calendar 10-09-2019 20:00 10-09-2019 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Thu, Sep 12, 6:00pm – 8:00pm

CAI-LI Chapter Membership Meeting with Educational Seminar

Thu, Sep 12, 6:00pm – 8:00pm add to calendar 12-09-2019 18:00 12-09-2019 20:00 America/New_York CAI-LI Chapter Membership Meeting with Educational Seminar "Rentals in the Community". For information, visit www.cai-li.org. Capital One Bank, 1307 Walt Whitman Rd, Melville, NY 11747, USA MM/DD/YYYY

CAI-LI Chapter Membership Meeting with Educational Seminar

"Rentals in the Community". For information, visit www.cai-li.org.

Capital One Bank, 1307 Walt Whitman Rd, Melville, NY 11747, USA map

Tue, Sep 17, 7:30am – 11:00am

Bisnow: Brooklyn State of the Market

Tue, Sep 17, 7:30am – 11:00am add to calendar 17-09-2019 07:30 17-09-2019 11:00 America/New_York Bisnow: Brooklyn State of the Market As renters continue to flock to Brooklyn for more space and a discounted price, luxury vacancies are giving some developers pause. However, despite the loss of Amazon's departure from Long Island City, Brooklyn saw two of the most dynamic companies open up shop in the Borough. Find out how Brooklyn is doing in the current market cycle at Bisnow's Annual Brooklyn State of the Market! For information, visit www.bisnow.com. Sunset Yards, 341 39th St, Brooklyn, NY 11232, USA MM/DD/YYYY

Bisnow: Brooklyn State of the Market

As renters continue to flock to Brooklyn for more space and a discounted price, luxury vacancies are giving some developers pause. However, despite the loss of Amazon's departure from Long Island City, Brooklyn saw two of the most dynamic companies open up shop in the Borough. Find out how Brooklyn is doing in the current market cycle at Bisnow's Annual Brooklyn State of the Market! For information, visit www.bisnow.com.

Sunset Yards, 341 39th St, Brooklyn, NY 11232, USA map

Tue, Sep 17, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Sep 17, 8:00pm – 11:00pm add to calendar 17-09-2019 20:00 17-09-2019 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Wed, Sep 18, 7:00pm – 8:00pm

CNYC: Condominium Survival Guidance

Wed, Sep 18, 7:00pm – 8:00pm add to calendar 18-09-2019 19:00 18-09-2019 20:00 America/New_York CNYC: Condominium Survival Guidance In the last three decades, condominiums have gone from a rarity to a highly popular form of home ownership. Unfortunately the law has not kept pace with the growth of condominiums and Boards must use an 18-page, 55-year-old law that was based on a Puerto Rican law to solve every problem, while other states have detailed Condominium Acts that provide boards and unit owners detailed guidance on how to operate their condominiums and clarity with regard to the rights and obligations of Boards and owners. This places the Board in a terrible position in attempting to operate a complex building and, deal with everyone’s demands. And then there are the myriad of city and state mandates: annual tests to perform, reports to file, deadlines to meet, coupled with day-to- day issues that can arise in the condo community. CNYC board chair Stuart Saft, Esq. will lead a discussion of these issues and others that you raise. Board members and unit owners of CNYC member condominiums are welcome at no cost, but advance registration is required. Non-affiliates are welcome, too, at a fee of $50 if paid in advance or $75 at the door. Please reserve your place at workshops@CNYC.coop or (212) 496-7400. Location TBD MM/DD/YYYY

CNYC: Condominium Survival Guidance

In the last three decades, condominiums have gone from a rarity to a highly popular form of home ownership. Unfortunately the law has not kept pace with the growth of condominiums and Boards must use an 18-page, 55-year-old law that was based on a Puerto Rican law to solve every problem, while other states have detailed Condominium Acts that provide boards and unit owners detailed guidance on how to operate their condominiums and clarity with regard to the rights and obligations of Boards and owners. This places the Board in a terrible position in attempting to operate a complex building and, deal with everyone’s demands. And then there are the myriad of city and state mandates: annual tests to perform, reports to file, deadlines to meet, coupled with day-to- day issues that can arise in the condo community. CNYC board chair Stuart Saft, Esq. will lead a discussion of these issues and others that you raise. Board members and unit owners of CNYC member condominiums are welcome at no cost, but advance registration is required. Non-affiliates are welcome, too, at a fee of $50 if paid in advance or $75 at the door. Please reserve your place at workshops@CNYC.coop or (212) 496-7400.

Location TBD map

Thu, Sep 19, 4:30pm – 5:30pm

Anderson Kill's Co-op and Condo Group Presents a Seminar Series Part IV: "Attorneys' Fees and Fines"

Thu, Sep 19, 4:30pm – 5:30pm add to calendar 19-09-2019 16:30 19-09-2019 17:30 America/New_York Anderson Kill's Co-op and Condo Group Presents a Seminar Series Part IV: "Attorneys' Fees and Fines" Registration: 4:00 pm - 4:30 pm; seminar: 4:30 pm - 5:30 pm; networking cocktail reception: 5:30 pm - 6:30 pm. CLE APPROVED: This program is appropriate for both newly admitted and experienced attorneys. For information, visit www.andersonkill.com. Anderson Kill P.C., 1251 6th Ave, New York, NY 10020, USA MM/DD/YYYY

Anderson Kill's Co-op and Condo Group Presents a Seminar Series Part IV: "Attorneys' Fees and Fines"

Registration: 4:00 pm - 4:30 pm; seminar: 4:30 pm - 5:30 pm; networking cocktail reception: 5:30 pm - 6:30 pm. CLE APPROVED: This program is appropriate for both newly admitted and experienced attorneys. For information, visit www.andersonkill.com.

Anderson Kill P.C., 1251 6th Ave, New York, NY 10020, USA map

Tue, Sep 24, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Sep 24, 8:00pm – 11:00pm add to calendar 24-09-2019 20:00 24-09-2019 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

Thu, Sep 26, 9:00am – 12:00pm

CAI: M-100: The Essentials of Community Association Management

Thu, Sep 26, 9:00am – 12:00pm add to calendar 26-09-2019 09:00 28-09-2019 12:00 America/New_York CAI: M-100: The Essentials of Community Association Management Successful community management starts with the essentials! This comprehensive community association management course provides a practical overview for new managers, an essential review for veteran managers and an advanced course for board members. Successful completion of the M-100 can be the first step toward earning the CMCA credential, awarded by CAMICB. For information, visit www.caionline.org. White Plains, NY, USA (Location TBA) MM/DD/YYYY

CAI: M-100: The Essentials of Community Association Management

Successful community management starts with the essentials! This comprehensive community association management course provides a practical overview for new managers, an essential review for veteran managers and an advanced course for board members. Successful completion of the M-100 can be the first step toward earning the CMCA credential, awarded by CAMICB. For information, visit www.caionline.org.

White Plains, NY, USA (Location TBA) map

Tue, Oct 1, 8:00pm – 11:00pm

NYC DOB: Homeowners Night

Tue, Oct 1, 8:00pm – 11:00pm add to calendar 01-10-2019 20:00 01-10-2019 23:00 America/New_York NYC DOB: Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need.Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. Our plan examiners, inspectors and staff are here to help you build and live safely in New York City – no appointment needed. For information, visit https://www1.nyc.gov/site/buildings/homeowner/homeowner.page. MM/DD/YYYY

NYC DOB: Homeowners Night

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News

7/23/2019 Council rips de Blasio's home-seizure program - Crain's New York Business

City Council members accused Mayor Bill de Blasio's administration Monday of throwing minority landlords out of house and home.
Read full story

7/23/2019 Manhattan Logs Third Straight Week Without Any $10 Million Transactions - Mansion Global

So far, July has failed to produce a single deal on a Manhattan home priced at over $10 million, something that hasn’t happened in almost a decade, according to Monday’s Olshan Report.
Read full story

7/22/2019 Out of Service! Queens tenants struggle against searing heat, physical impairments in building with chronic elevator problems - Daily News

For 74-year-old stroke victim Thomas Crater, every trip to his Queens apartment is like running a marathon.
Read full story

7/22/2019 Con Edison outages left more than 50K New Yorkers without power during brutal heat wave - Curbed

Mayor Bill de Blasio slammed Con Edison Monday morning as some 19,000 New Yorkers remained without power following a scorching weekend heat wave.
Read full story

7/22/2019 NYC Apartment Building Sales Plummet With New Rent Law Scaring Off Investors - Bloomberg

Things looked promising for the sellers of a collection of Harlem apartment buildings, listed in April for $260 million. Almost immediately, 150 would-be buyers requested financial details on the 789 units, nearly all rent stabilized. About a dozen investors made offers.
Read full story

7/19/2019 This New York Condo Is Designed for the Health-Obsessed - House Beautiful

I'll be honest: In any given day as a House Beautiful editor, I'll see dozens of pitches cross my desk touting beautiful homes with breathtaking design
Read full story

7/19/2019 Now That’s a City View - NY Times

A “city view,” as any New Yorker knows, often really means “overlooks a brick wall.” But there are times when that bit of broker-speak is actually not stretching the truth.
Read full story

7/19/2019 Court strikes blow to proposed Two Bridges supertall - Curbed

Opponents of a supertall planned for Two Bridges took a step toward toppling the development with a precedent-setting court ruling that could knock out the tower’s base.
Read full story

7/18/2019 Big reveal: $1.295M for an Upper West Side 1BR—in the Dakota - Curbed

Commenters gleaned right away that this week’s Pricespotter apartment—a one-bedroom, one-bathroom co-op on the Upper West Side—is located in the Dakota, the famed apartment building on the corner of 72nd Street and Central Park West.
Read full story

7/18/2019 City apartment building sales plummet as new rent law poses risk - Crain's New York Business

Things looked promising for the sellers of a collection of Harlem apartment buildings, listed in April for $260 million.
Read full story

7/18/2019 Millennial Cipriani heir drops price of $8M NYC loft by a hair - NY Post

This might just be the smallest price chop ever.
Read full story

7/17/2019 NYC’s affordable housing lottery perpetuates segregation in neighborhoods: report - Curbed

The city’s policy of giving community preference to local residents for new affordable housing reinforces racial segregation, according to a report that lawyers for the de Blasio administration fought to conceal for more than two years.
Read full story

7/17/2019 Thousands likely overpaid property taxes due to computer glitch - NY Post

Actor Bruce Willis is among the thousands of Big Apple residents who may have overpaid their property taxes due to a new $18 million Department of Finance computer system that issued incorrect bills in early June.
Read full story

7/16/2019 Cobble Hill Replaces DUMBO As Brooklyn’s Priciest Neighborhood - BKLNYER

Cobble Hill has usurped DUMBO as Brooklyn’s priciest neighborhood, according to Property Shark’s recently released report Priciest NYC Neighborhoods in Quarter 2 2019.
Read full story

7/16/2019 Landlord groups claim rent laws ‘violate the US Constitution’ in lawsuit - Curbed

One month after state lawmakers passed a package of landmark bills to strengthen the state’s rent laws and protect New York tenants, landlord groups filed a federal lawsuit to stop their implementation, the Real Deal first reported.
Read full story

7/16/2019 Manhattan Luxury Sales Mired in Two-Week Slump - Mansion Global

Big-ticket home sales in Manhattan slumped for the second week in a row, according to the latest weekly data on pending sales.
Read full story

7/15/2019 Fort Greene townhouse tops Brooklyn luxury sales last week - The Real Deal

A restored 1850s townhouse in Fort Greene topped Brooklyn’s luxury residential sales last week.
Read full story

7/15/2019 How to prepare for a power outage in New York City - Curbed

By all accounts, the blackout that affected a chunk of Manhattan’s west side on July 13 could have been much worse.
Read full story

7/15/2019 Condo Sales Launch For Milk Factory At 850 Metropolitan Avenue In East Williamsburg - NY YIMBY

Condominium sales have launched for Milk Factory at 850 Metropolitan Avenue in East Williamsburg, following the residential conversion of the former Borden Dairy distribution facility. The development team has announced that occupancy is anticipated by the fall of 2019.
Read full story

7/15/2019 City mulls next steps to crack down on height-boosting ‘zoning loopholes’ - Curbed

The city recently enacted stricter zoning regulations to curb excessive mechanical spaces in residential buildings, the first in a series of steps geared toward eliminating zoning ambiguities exploited by developers.
Read full story

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