In the wake of the pandemic and in anticipation of the recovery to come, do New York City co-ops and condominiums need to consider setting themselves apart to compete in the market? The answer is yes - but the bigger question is, how? What…
On April 14, a 56-unit limited-equity co-op called Sydney House debuted in a virtual ribbon-cutting ceremony attended by project stakeholders, lenders, city officials, and members of the co-op board, report s New York YIMBY . The 7-…
With filings for Local Law 97 and other related energy and environmental regulations looming, many co-op and condo boards may have questions about completing the filings properly and on schedule. While it’s best - crucial, in fact - that yo…
Once again, a push to pass legislation requiring co-op boards to disclose their reasons for rejecting would-be shareholders is afoot in the New York State Senate. The bill is sponsored by housing committee chairman Brian Kavanagh, a Democra…
Back in the ‘Gilded Age’ of the 1980s and 90s, Robin Leach hosted a popular TV show called Lifestyles of the Rich and Famous. His show, along with soapy series melodramas like Dynasty and Dallas gave the rest of us a front-row s…
Q. A co-op owner purchased her unit in 2005 and has been subleasing it to the same tenant since 2011. The co-op board recently passed an amendment to the bylaws that states an owner cannot sublease a unit for more than two years, and it a…
Is a condominium -- or any type of common interest community -- a democracy? Do the shareholders in a co-op have the right to access the documents and information their boards use to make decisions? Can they demand to see those documents? T…
For just over a decade, a small paved lot on the Lower East Side of Manhattan sandwiched between high school tennis courts and Seward Park (the oldest municipal park in the nation) has been the site of a popular weekend street fair in the s…
On Monday, New Yorkers were stunned to see a brutal anti-Asian hate crime captured on a security camera in front of a residential building at 360 West 43rd Street near Times Square. Outrage was compounded by video footage of the building …
The New York City Department of Buildings (DOB) has released its 2021 Covered Buildings List for benchmarking compliance. All properties on this list must submit a benchmarking report of their 2020 utilities data by May 1, 2021. As a …