Page 38 - NY Cooperator October Expo 2019

38 THE COOPERATOR — OCTOBER 2019 COOPERATOR.COM BACK OFFICE SERVICES THE BACK OFFICE, Inc. (212) 889-1824 For self-managed Co-ops, Condos , Property Managers Billing •Payables •Collections •General Ledger Budgets•Delinquencies•Monthly Financials WE DO IT ALL FOR YOU 469 Seventh Ave., New York, NY 10018 Steven@TBO-NY.com 110 E. 42nd Street, 17th Floor New York, New York 10017 Robert J. Braverman, Scott S. Greenspun (212) 682- 2900 www.braverlaw.net rbraverman@braverlaw.net sgreenspun@braverlaw.net Braverman Greenspun, P.C. Tane Waterman & Wurtzel, P.C. All aspects of Co-op & Condo Representation including Litigation 120 Broadway, NY, NY 10271 (212) 766-4000 e-mail: swurtzel@tww.nyc • www.tww.nyc ATTORNEYS Abrams Garfi nkel Margolis Bergson, LLP 1430 Broadway, 17th Floor, New York, NY 10018 212-201-1170 • www.agmblaw.com Barry G. Margolis, Esq. • Robert J. Bergson, Esq. Himmelfarb & Sher, LLP • (914) 682-0040 Cooperative and Condominium Law—Real Estate Closings One North Broadway, Suite 800, White Plains, NY 10601 Contact: Ronald A. Sher, Esq. • Norman D. Himmelfarb, Esq. Law@himmelfarb-sher.com • Direct Dial: 914-461-0220 Belkin Burden Wenig & Goldman, LLP Specializing in all aspects of Cooperative and Condominium Law including Landlord/tenant proceedings. Copy of Monthly Newsletter available upon request. (212) 867-4466 contact: Aaron Shmulewitz/Daniel Altman ashmulewitz@bbwg.com/daltman@bbwg.com www.bbwg.com Wagner, Berkow & Brandt, LLP. wagnerberkow-public.sharepoint.com 462 7th Avenue, 6th Fl, New York, NY •646-780-7272 •Commercial, Corporate and Real Estate Litigation •Real Estate Leases and Landlord-Tenant Disputes •Residential and Commercial Real Estate •Refi nancing and Mortgage Workouts •Bankruptcy Proceedings • Corporate, Commercial and Business Law •Hospitality Law •Internet Defamation •Loft Law Matters Contact: Steven R. Wagner •srwagner@wagnerberkow.com M ARCUS OSENBERG R D IAMOND LLP Three decades of Co-op & Condo representation 488 Madison Avenue New York, New York 10022 212.755.7500 www. mrdllp .com M ARCUS OSENBERG R & D IAMOND LLP A full service real estate law firm serving the cooperative and condominium community Eric M. Goidel, Esq. egoidel@borahgoldstein.com (212)431-1300, Ext.438 Manhattan: 377 Broadway l New York, NY 10036│(212) 431-1300 Queens: 108-18 Queens Blvd│Forest Hills, NY 11375│(718) 263-6611 www.borahgoldstein.com SERVICE DIRECTORY Helping your Board with legal issues Answering Questions - Solving Problems Cooperative and Condominium Law Residential - Commercial Real Estate One North Broadway-Suite 800 White Plains, NY 10601 email: law@himmelfarb-sher.com website: www.himmelfarb-sher.com Contact: Ronald A. Sher, Esq., Norman D. Himmelfarb, Esq. Tel: (914) 682-0040 Direct Dial: (914) 461-0220 Condata Accounting and Consulting LLC Provide back office services for self-managed Co-ops, Condos, Property Managers • Account Receivables • Payables • Collections • Budgets • Monthly Financials PREP FOR BOARD MEETINGS 150 Broadway, Suite 1710, NY 10038 (212) 233-1460 info@condataaccounting.com ACCOUNTANTS ARCHITECTS architecture interior design engineering project management forensic investigations 307 7th Avenue, Suite 1001, New York, NY 10001 Tel. 212.645.3775 Fax. 212.645.4099 Form Space Image ARCHITECTURE PC  Over 30 years of coop & condo experience  Hands on Personal Attention Timely Service  Contact: Gary Adler, CPA Sarah Haar CPA   www.bassandlemer.com 516-485-9600 adler@basslemer.com CONSULTING ENGINEERS CPA SERVICES Cavalcante & Company, LLC 212-675-6773 • www.cavalcantecpa.com Specializing in audit services to the NY Co-op & Condo Community Darren Newman, CPA • 516-364-0700 dnewman@nnkllp.com • www.nnkllp.com Newman, Newman & Kaufman, LLP Marin & Montanye LLP Serving the NYC Coop/Condo Community for over 50 years RICHARD MONTANYE, CPA www. marinmontanye.com (516) 625-3700 •(212) 476-5214 • (718) 347-8600 rmontanye@marinmontanye.com Advertise In Th e Cooperator Service Directory —Call 212-683-5700— Target Key Decision Makers In Th e Co-op, Condo Community By Placing Your Ad Here ENGINEERING & ARCHITECTURE, DPC 212-675-8844 randpc.com info@randpc.com Facades & Roofing•Architectural Design Mechanical/Electrical/Plumbing•Energy Audits Structural •Building Surveys•Plan Reviews Schneider Buchel LLP Representation of Cooperatives, Condominiums and Homeowners Associations Contact: Marc H. Schneider, ESQ. Offi ces located in Long Island and NYC 516-393-5555 • 212-485-9400 www.schneiderbuchel.com KAGAN LUBIC LEPPER FINKELSTEIN & GOLD, LLP Providing Practical Legal Advice and Representation to Cooperative & Condominium Associations 200 Madison Ave., NY, NY 10016 • 212-252-0300 Jack E. Lepper • Ronald J. Gold • Adam D. Finkelstein www.kll-law.com Disclaimer: Th e answers provided in this Q&A column are of a general nature and cannot substitute for professional advice regarding your specifi c circumstances. Always seek the advice of competent legal counsel or other qualifi ed profes- sionals with any questions you may have regard- ing technical or legal issues. NYC and the Hamptons Contact: Marc A. Chiffert, P.E. marc@aecengineeringdesign.co m 917.65.9166 631.353.3375 per share in the fi rst year would be $1.91 per share. A shareholder with 1,500 shares would be assessed $2,865 in the fi rst year. A shareholder owning 750 shares would be assessed $1,432.50 in the fi rst year. Th e board should not have the power to charge shareholders an arbitrary amount that is not related to their percentage of share ownership in the cooperative.” n Q&A continued from page 36 nials who are not homebuyers cite a lack of savings; 10 percent say its crushing student debt; 5 percent cite credit card debt; 6 per- cent claim other debt; and 17 percent say it’s poor credit. Reportedly, homeownership by millennials is the lowest in comparison to previous generations. Steven Olikara of the advocacy group Millennial Action Proj- ect, told the Post: “It is really tough. I see too many of my friends who’ve had to put their dreams on hold because of too much debt, or because they do not have enough income.” LaW & LeGisLation Ex-Bear Stearns CEO Sues Manhattan Co- op Th e former CEO of Bear Stearns linked to the 2008 fi nancial crisis sued his Manhat- tan co-op board, reported the New York Post. According to a lawsuit fi led in Manhattan Supreme Court, James Cayne alleged that the board turned down three potential buy- ers as he tried to sell his co-op at 510 Park Avenue. He claimed that the board has pre- vented him from unloading the apartment due to a long-running dispute with a mem- ber of the board. Th e apartment’s initial ask- ing price of $15 million in 2013 was later re- duced to $10 million as a result, Cayne’s suit alleged. He is seeking to examine the board’s books and records to fi nd out why the board rejected the potential buyers. Cayne and his wife purchased the co-op in 1981 for $1.1 million; they had since moved to another residence but continued to pay for the Park Avenue co-op’s maintenance fees, according to the couple. Th e co-op board did not re- turn the Post’s request for a comment. n PULSE continued from page 4 Please submit Pulse items to Hannah Fons at hannah@cooperator.com