Following up on the success of the informal roundtable discussion jointly hosted by The Cooperator and the Federation of New York Housing Cooperatives and Condominiums (FNYHC) this past February, a group of area co-op and condo board presidents and representatives of the FNYHC reconvened over fresh bagels and coffee for a second roundtable discussion June 24th.
Topics on the agenda this time ranged from the impact of the recent 40 W. 67th Street vs. Pullman court decision to what security measures various co-op and condo communities are taking to secure the safety and property of their shareholders. The assembled board presidents represented buildings of all descriptions; from high-end luxury developments to moderate- and lower-income cooperatives to communities of just a few units to multi-building high-rises.
Moderator Albert Pennisi, FNYHC president and Queens-based real estate attorney and senior partner with the firm of Pennisi Daniels & Norelli, LLP, said the forums are educational because they "foster a sense of the issues and challenges facing co-op and condo boards throughout the city and in Nassau and Westchester counties."
Roundtable II brought back former participants Albert Wolfson, president of The Tiffany at Westbury, a community of senior citizens in Nassau County and the only condominium represented at the roundtable; Jim Quinn, president of the North Shore Towers, a six-building luxury co-op complex consisting of 1,844 units in Queens; Jerry Reiser, president of Nostrand Gardens, a 350-unit co-op in Brooklyn; Andrea Hirshman, president of 30 Ocean Parkway, a recently-converted building in Brooklyn, and Jordi Reyes-Montblanc, president of the Housing Development Fund Council Corp. (HDFC) and a low-income cooperative housing development in the Hamilton Heights section of Upper Manhattan. New to the group was David Baron, president of Bell Apartment Owners Corporation in Bay Terrace, Queens. Also in attendance were Federation executive director Gregory Carlson, and Federation board member Mona Shyman.
Dominating much of the morning's discussion was the landmark court decision handed down in the much-publicized case of 40 W. 67th Street vs. David Pullman, which essentially has handed co-op boards and shareholders the power to vote troublesome or objectionable shareholders out of their buildings without relying upon the decision of a court or jury for permission to do so. [