It’s a seller’s market, or so the NYC real estate pundits are telling us. But what does that actually mean? Does it mean it’s easier to sell a home than it would be in a buyer’s market? Are units selling for more money, or more quickly? Do…
Remember in 2020, when everyone was so excited for 2021, “when all of this instability and uncertainty will be over”? Right. Well, while there was some relief from pandemic pandemonium as Americans started to get vaccinated against COVID th…
Night falls on the city; just as she’s about to close up shop for the day, a broker receives an email from an unknown sender. The sender is interested in purchasing a specific unit in a specific building - so interested, in fact, that they …
The art and science of apartment sales has always involved a calendar for the best and worst times of the year to buy or sell an apartment. Conventional wisdom has typically held that the holiday season, from just before Thanksgiving throug…
New York Governor Kathy Hochul’s Labor Day signing of four pieces of new legislation protecting and supporting workers gave those laws a lot of visibility. (Readers of CooperatorNews can find a summary of two of those four pieces of legisla…
Among the most unfortunate effects of the COVID-19 pandemic is the chill it cast—and is still casting—over social activities nearly everywhere, including in multifamily communities. So little was known early on about how the virus was sprea…
Well, that was fast! Back in October, CooperatorNews cited reporting from The Real Deal on the recent purchase of the last developer-held residential unit in the iconic Puck Building on the corner of Houston and Lafayette Streets in…
Like other bellwether events before it (9/11, the Great Recession), the COVID-19 pandemic has wrought seismic changes to the residential real estate industry. It’s changed the way we live within our own homes, particularly in terms of how w…
On Thursday, October 28, 2021, board members, managers, building owners, and co-op and condo residents from around the city and the tristate area will gather at the Jacob K. Javits Convention Center in Manhattan from 10:00 a.m. to 4:30 p.m.…
The last few years have been something of a rollercoaster ride for New York’s co-op and condo markets. After reaching an historic high in 2016, a number of factors—among them the cap on federal income tax SALT deductions, overbuilding/overs…