Hot-Button Legal Issues What's on the Horizon?

By Cooperator Studio 2016 October Law & Legislation

Legal Pros discuss new and upcoming legal issues boards should be aware of.

Part of being an effective board member is keeping abreast of legal and legislative issues that could impact your building and its residents. Attorney Marc H. Schneider discusses a few things that should be on your administrative radar.

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News

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In my time acting as outside general counsel to cooperative and condominium boards, I have become increasingly convinced that the job has been getting harder and harder. Admittedly, this feeling could be just a variation on the so-called Socratic paradox that the more I learn about the role, the more I realize what I do not know.
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They’re steaming mad about these hot plates. Residents of the ritzy historic Upper West Side condo, the Apthorp, have been without gas for months — and they’re furious at building management for giving them paltry electric cookers to cope, The Post has learned.
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3/27/2025 Naftali scoops up Spitzer’s UES rental building for more than $800M: report - Real Deal

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Overpriced units piled up in Lower Manhattan after mistimed development influx.
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Even by New York City standards, the past decade has been a volatile one for Manhattan real estate, from the aftermath of the subprime mortgage crisis, through a deadly pandemic, and into a period of excessive rents and interest rates. It’s tempting to step back and think that buying a home in Manhattan has never been harder.
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Demand is on the rise as buyers seek entré into highly desired Brownstone Brooklyn
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2/21/2025 This Upper East Side Condo Building Offers Music Lessons And Art Classes - Forbes

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