CooperatorNews New York, The Co-op & Condo Monthly

New this week

Reinforced steel & concrete building under construction. Safety guard rails, flyforms and tower crane

Report: NY Metro Leads US in Multifamily Construction

Multifamily Units Accounted for 81.4% of New Housing in 2023

According to a newly released report from construction industry research firm Construction Coverage, the New York metr…

Fashion clothing storefront facade and windows mockup for your own branding

Commercial Leases in Co-ops

Tips for Maximizing a Valuable Asset

VIDEO: Composting is Now Mandatory in NYC

Tips for Getting Residents Onboard

Selling A Home as a group of diverse home buyers reaching for real estate success in a seller market as a symbol for buying a house and affordability challenges to residential ownership.

NY Rep. Introduces Multifaceted Housing Plan

Bipartisan Reforms Would 'Incentivize Construction, Reduce Unaffordability'

Water droplets on the rubber membrane. Waterproofing... Close-up selective focus area.

The Slush is Coming

Time to Start Winterizing Your Entry Hall or Vestibule

Management

CooperatorEvents Returns to Javits Center - Register FREE at coopexpofall.com!

Tuesday November 19, 10AM - 4:30PM

Boards and managers in the tristate area and beyond know what a tall order it is to run a co-op, condo, or HOA; from str…

Management

Reduce CO2 emission and carbon footprint, green business. Limit global warming and climate change. Sustainable development, carbon neutral industry.

2024 October

Funding Your Decarbonization Project

Resources & Recommendations

Portrait of senior friends taking care of vegetable plants in urban garden in the city. Pensioners spending time together gardening in community garden in their apartment complex. Nursing home residents gardening outdoors. Senior sisters have same hobby.

2024 September

Managing Aging Residents Adapting to Changing Needs

Adapting to Changing Needs

Pile of junk in a house, hoarder room pile of household equipment needs clearing out storage

More Than a Mess

Dealing With Hoarding Syndrome

Collage of group of young people over colorful isolated background skeptic and nervous, disapproving expression on face with crossed arms. Negative person.

2024 July

Everybody Hates Assessments

Handling the Unpleasant Inevitable

Finance

Refinancing in a High Interest Environment

Boards Have Few Attractive Options

In addition to death and taxes, fluctuating interest rates are pretty much a guaranteed fact of life. That reality raise…

Finance

Financial literacy and investment. Handbook of knowledge in money management. Stock market. A young man or businessman reading a financial manual.

2024 July

Financial Literacy for Board Members

Knowing More = Governing Better

Steep Land Lease Increases Could Be a Nasty Shock for Co-ops

Carnegie House Offers a Cautionary Tale

3D illustration of a rubber stamp with the word refinance over a mortgage lender rate sheet. Debt consolidation and debt or loan refinancing concept.

The Uncertainties of Refinancing Your Underlying Mortgage

Today’s Interest Market Poses Challenges

Coin with arrows concept for funds transfer

Don't Bet on Flip Taxes

A Slower Market = Less Revenue for Buildings

On The Board

Reduce CO2 emissions to limit climate change and global warming. Low greenhouse gas levels, decarbonize, net zero carbon dioxide footprint. Abstract minimalist design, cutout paper, green background.

Local Law 97 Deadline is Coming

Noncompliance Can Cost Your Building Thousands

As we enter the final quarter of 2024, the first Local Law 97 (LL97) submission period is quickly approaching for New Yo…

Japanese contractor who inspects and repairs air conditioners, Japanese young people at work

2024 November

Energy Efficiency, Electrification & Multifamily Buildings

How it All Fits Together–and Why It’s Important

Commercial Leases in Co-ops

Tips for Maximizing a Valuable Asset

2024 October

The Role of the Board President

Your Community’s Chief Administrator

New rules alarm message on a wooden desk in a bright indoor environment

2024 October

Amending Bylaws and House Rules

When & Why

CooperatorEvents Expo New York Returns - In Person - to a NEW LOCATION!

The Must-Attend Event is Back - at the Javits Center!

On Thursday, October 28, 2021, board members, managers, building owners, and co-op and condo residents from around t…

2020 December

Technology vs. COVID-19

Co-ops & Condos Use Tech Tools to Beat the Virus

2020 October

Supporting Essential Building Workers

How to Show Your Staff You Care

Conflict in Client Communities

What's the Manager's Role?

Managing Conflicts

How Managers Make Peace

Set of hands with posters, a megaphone, signs, banners and placards. Vector illustration in doodle style.

Free Speech vs. House Rules

Balancing Both in Contentious Times

The First Amendment of the US Constitution guarantees the right to free speech and expression - but how does that right …

Neighbor Noise

When Enough is Too Much

Communicate...and Then OVERcommunicate

Tips for Getting Residents Involved, Engaged, & Informed

Helping Older Neighbors During the COVID-19 Pandemic

4 Things You Can Do

March 20, 2020

Vulnerable Residents

Safety for All

Maintenance

Party People Communication Talking Happiness Concept

Successful Social Programming

The Value of Building Relationships

Fostering a sense of community in multifamily buildings and HOAs is essential - not only for the health and happiness of…

Dabbing plumber character vector cartoon clip art

2024 November

Managing Maintenance Staff

Taking Care of Your Key Personnel

Buiding Inspector completing an inspection form on clipboard beside new build construction

2024 November

Exterior Safety Inspections

Why You Need Them, & When to Do Them

Eagles and Colorado State Seal Beaux-Arts Building Facade in Washington, DC - see lightbox for more

2024 November

Masonry Maintenance

The Stone Cold Facts

The Slush is Coming

Time to Start Winterizing Your Entry Hall or Vestibule

Exterior Safety Inspections

Why You Need Them, & When to Do Them

It’s a rare but awful occurrence: someone passing by a multistory building, minding their business as they go about thei…

Asia worker installing tar foil on the rooftop of building. Waterproof system by gas and fire torching

2024 April

Roof Replacement 101

A Project Too Vital to Put Off

Check mark, construction site worker, Engineer with whitelist board. remind your checklist concept. Vector illustration

2024 March

Façade Maintenance Laws

Repair Requirements Vary Across Markets

Roofer installing Roofing felt with heating and melting roll of bitumen roll by torch on flame

2024 March

Waterproofing Your Building Envelope

Protecting Structure & Health

Waterproofing flat roof with bitumen sealing membranes

Replacing Your Roof?

Consider These Add-Ons

Anti-cockroach icon, pest control, destruction of parasites, stop insect , black contour, isolated, white background

20% Of NY Metro Households Have Pest Problems

Aging Housing Stock Partly to Blame

The U.S. has long suffered from an inadequate supply of housing. From a slow recovery in new construction after the Grea…

Spring Maintenance

Warmer Days Ahead

What about the environmental impact of LED Lighting? How much energy does it save?

Lobby Decor

To Furnish, or Not to Furnish?

What Are the Most Effective Steps Boards Can Take to Fight Pests?

Hint: Keep it Clean!

Organizations

IREM Announces Diversity & Inclusion Succession Initiative Leaders

Program Fosters Leadership & Recognition of Underrepresented Groups

32BJ SEIU President Issues Statement on Pandemic & Police Brutality

"Our Members Find Themselves in Double Jeopardy"

IREM Establishes COVID-19 Relief Fund

27 Chapters on Board So Far

REBNY Launches Coronavirus Resource Hub

Connecting Members and Non-Members Alike

REBNY Launches First-of-its-Kind Fellowship Program

Group Aims to Cultivate Diversity in the Real Estate Industry

Design

Brick apartment building entrance in downtown NYC New York City with mailbox post mail boxes, empty corridor in evening night with nobody, secured area

Mailbox & Package Room Design

More Than Just Boxes & Keys

Spring Awakening

Sprucing Up for the Season

Aesthetic Rules

Balancing Community Value with Individual Rights

Mailboxes & Package Rooms

Practical Design in the Amazon Age

Grey is Gone in '24

Fresh Trends in Common Area Design

Insurance

Businessmen balance himself on percentage signs. Central bank money policy for inflation or interest rate, balance between profit and loss, financial challenge or risk, economic recovery concept.

Rising Insurance Premiums

High Costs Force Tough Decisions for Boards

Adequate Community Insurance Coverage

How Much is Enough?

Insurance Premiums Skyrocket

90% of Multifamily Communities Report Paying More - What's to Blame?

Financial, Physical, & Operational Health

How Does Your Association Measure Up?

Insurance in the Multifamily Setting

Knowing Who Covers What is Key

News

11/13/2024 What co-op and condo boards need to know about the federal Corporate Transparency Act - Brick Underground

Time is running out for New York City condo and co-op boards to comply with a federal law meant to target money laundering.
Read full story

11/11/2024 N.Y. Woman Transforms Her Ordinary Condo Unit into a Medieval Castle: 'My Dream Home' - People

One New York woman is currently residing in her "dream home" — a replica of a medieval Irish castle! "I always dreamed of living in an old, dark wooden church, or, of course, an actual castle, but there are none to be had, so I decided to build one," Chris McNamee tells PEOPLE exclusively of her condominium unit on Long Island.
Read full story

11/7/2024 Who Owns the Block: Historic hotel hopes hybrid model spurs comeback - Crain's

One of the many hotels to be wrecked by the pandemic is attempting a comeback with a nod to a neighbor and the past.
Read full story

11/4/2024 The creative ways NYC’s avid cyclists store their bikes in their apartments - Brick Underground

New York City apartments can be so cramped some residents have trouble even fitting a bed inside. Yet somehow, the city’s most dedicated cyclists find room to keep their bikes inside (yes, multiple bikes).
Read full story

10/31/2024 A $40.5 Million West Village Condo Led Manhattan Housing Market Last Week - Mansion Global

Manhattan’s luxury real-estate market is seeing an uptick in activity, with 26 contracts signed for homes priced at $4 million and above during the week ending Sunday, according to Monday’s report from Olshan Realty.
Read full story

10/29/2024 Qatar splurges on plush $9.8M Greenwich Village condo — in latest NYC real estate power move - NY Post

The deep-pocketed Qatari government has expanded its already vast NYC real estate portfolio with the acquisition of a $9.8 million condo in the heart of Greenwich Village. Located at 64 University Place, the luxurious 2,600-square-foot residence is a small but significant addition for the Middle Eastern nation, known for its substantial investments around Manhattan.
Read full story

10/24/2024 NYC Lost $6.5 Million to Incorrect Tax Breaks for Condos, Co-Ops - Bloomberg Tax

New York City’s Department of Finance improperly gave tax breaks to hundreds of condo and co-op owners that didn’t qualify for the benefits, according to a new audit by city Comptroller Brad Lander.
Read full story

10/23/2024 Rudy Giuliani Is Ordered To Hand Over $6.5 Million New York Apartment to Georgia Election Workers He Defamed - Realtor.com

Disgraced former attorney Rudy Giuliani has been ordered by a judge to hand over his $6.5 million Manhattan apartment to two Georgia election workers who successfully sued him for defamation. Giuliani, 80, who previously served as a lawyer for presidential candidate Donald Trump, has been instructed to turn over his New York City home and all of his valuable possessions to Ruby Freeman and Shaye Moss, to whom he owes $148 million in damages.
Read full story

10/22/2024 3 key reasons why the owner vs. renter ratio matters when buying a NYC condo or co-op - Brick Underground

If you’re looking to buy a New York City condo or co-op, you might find yourself unknowingly considering a building where investors own—but don’t occupy—many of the other units. But that means you and your attorney have a lot to consider before you sign on the dotted line.
Read full story

10/14/2024 Exclusive: Hugh Jackman Makes Second Attempt to Sell ‘Spectacular’ Triplex Condo for $39 Million—One Year After Shock Divorce - Realtor.com

Hugh Jackman is making a second attempt to sell his $38.9 million “masterpiece” New York City apartment, two years after his first attempt to offload the triplex property failed.
Read full story

10/11/2024 Insurance honcho unloads High Line condo for about what he paid - Crain's

A global insurance executive has left the High Line. The three-bedroom at the Zaha Hadid building traded for $7.8 million.
Read full story

10/8/2024 Loft for Sale in a New York Building That Featured in ‘The Devil Wears Prada’ - Mansion Global

This grand loft-style condo is in a SoHo building, on Crosby Street in New York, that had a starring role in the 2006 film “The Devil Wears Prada,” serving as the sexy downtown bachelor pad of the fictional designer James Holt.
Read full story

10/4/2024 Rudy Giuliani Cuts Nearly $1 Million off His New York Condo - Mansion Global

In a rush to offload his Manhattan home, Rudy Giuliani has dropped the asking price by nearly $1 million. The former New York mayor is at risk of losing the Upper East Side condo, among other assets, to settle a defamation lawsuit filed by two Georgia election workers.
Read full story

10/3/2024 Why Owning (and Buying) a Florida Condo Has ‘Turned Into a Nightmare’ - New York Times

Ten years ago, Howard and Sheila Konetz bought themselves a Florida dream: an 1,820-square-foot condo in a leafy gated community north of Miami, complete with access to a country club, tennis courts and swimming pools. The $478,500 purchase would usher them into blissful semiretirement, they thought. With enough cash in the bank, the couple didn’t need a mortgage and downsized from their house in Miami Beach.
Read full story

10/2/2024 Food Network chef selling NYC home in iconic building with ‘million-dollar view’ - NY Post

Food Network champ, TV personality and cookbook author Chef Priyanka Naik is listing her Kips Bay home for $1.35 million. The one-bedroom, one-bathroom corner unit is located at VU New York, a new construction luxury building featuring views of the Empire State and the Chrysler Buildings.
Read full story

9/27/2024 Warwick Hotels honcho snaps up a condo by Central Park - Crain's

Richard Chiu, who founded the hotel group in 1980 in Midtown, paid $17 million.
Read full story

9/26/2024 Reality TV star broker Fredrik Eklund snags $3.35M NYC condo: ‘This will be one of downtown’s ‘it’ buildings’ - NY Post

Reality television star and real-estate broker Fredrik Eklund has purchased a $3.35 million condo at 64 University Place, according to city Department of Finance records filed this week. The under-the-radar, new-construction building comes with 28 units and sold out, off market, sight unseen “pretty immediately,” said Eklund, a top broker with Douglas Elliman.
Read full story

9/25/2024 Midtown’s first FHA-eligible luxury condo hits market - Real Deal

The Perrie, Midtown Manhattan's first new-development condo eligible for FHA mortgages, welcomes buyers who can't put 20 percent down.
Read full story

9/23/2024 They tried to evict her emotional support parrots. She won $165,000. - Citizen's Voice

For almost 20 years, a group of parrots and their owner lived at the Rutherford, a co-op apartment building in the ritzy Gramercy Park neighborhood of Manhattan. For almost as many years, the neighbors complained.
Read full story

9/19/2024 NYC’s waterfront is transforming into luxury leisure space, one park and condo tower at a time - Fast Company

The construction fences recently went down around Domino Square, the final public space to be completed in the $2.5 billion transformation of the Domino Sugar Refinery into an 11-acre mixed-use neighborhood. Designed by Field Operations, Domino Square is a striking, oval-shaped plaza in the Brooklyn neighborhood of South Williamsburg that is surrounded by redbud trees, pin oaks, and two types of pines, plus white and lavender flowers that will eventually cascade down Cor-Ten steel planters.
Read full story

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Recent Articles

Q&A: Pup Papers, Please

Stepping Up Your Building’s Data Security

Complying with Parapet, Garage and Gas-Pipe Inspections

Local Law 97 Deadline is Coming

Energy Efficiency, Electrification & Multifamily Buildings