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At the moment, it appears that tenants at residential buildings throughout the city can temporarily breathe a sigh of relief. On Friday, it was announced that a tentative agreement was reached between the Realty Advisory Board of Labor…
The power of a co-op board to approve or reject sales, as well as co-op applicants, is pretty much unlimited -- as long as the decision is made within the limits of applicable law. Boards require extensive information and documentation -- k…
A fire in an condo unit on the 50th floor of Trump Tower that killed one resident on April 7th has drawn attention to the issue of installing sprinkler systems in older, larger residential buildings. In 1999, the City passed a law re…
It was a bizarre story that generated local media attention last fall, including from The Cooperator : Neal Milano, property manager of a 47-unit condo in Sunnyside, Queens, was arrested in September 2017 for allegedly accosting a 43-y…
In 2016, The Cooperator ran a piece on the business of condominium units existing within a larger hotel property. The article was inspired by news that the iconic Waldorf Astoria had been purchased by the Chinese company Anbang Insura…
The new federal tax law and rising mortgage rates were among the factors that contributed to the decline of Manhattan co-op and condo sales year-over-year during the first quarter of 2018, according to the latest report released on Tues…
The daily operations of your condo or co-op could be disrupted or not, depending on what happens after April 20. As reported by Crain's Business New York , negotiations between the city's apartment building owners and labor union …
There are few things more traumatic than dealing with a fire in one's home. From loss of possessions either replaceable or one-of-a-kind, to the exponentially more horrific potential of lost human life, the baseline is bad -- and things can…
New York City's 2017 residential sales set a record high of $50 billion “driven by Brooklyn's all-time high annual consideration of $11 billion this year,” according to the latest fourth quarter 2017 report by the Real Estate Board of New…
To many people outside New York City, the very word ‘condo’ conjures up an image of an ultra-modern apartment located in a high-rise building with dramatic views. But that’s for the movies. First of all, condos, like any other type of apart…