Category: Law & Legislation

Co-op residents are used to restrictions on who may live in their unit, for how long, and with whom. Thanks to the proprietary lease, boards have extensive power over these issues, and generally forbid practices including subletting - the m…

Thanks to a court decision last week, plans to build a controversial luxury development on the Lower East Side have hit a snag. The New York Times reported that a State Supreme Court judge in Manhattan ruled that the project -- known as …

An Upper West Side condo board experienced a setback to stop the city from creating a protected bike lane along Central Park West. Curbed reported yesterday that a Manhattan Supreme Court judge dismissed 25 Central Park West board's mo…

Located at 575 Park Avenue, the Beekman, a co-op that sits at the heart of one of the most exclusive, expensive and sought-after neighborhoods in the world. How expensive? Well, two-bedroom apartments in the Beekman can command $2 million a…

The viability of the 421-a tax abatement was up in the air last month as the New York State Senate passed sweeping reforms via a rent regulation bill which has caused quite a stir in the real estate community.  After pushback from …

Updated 6/20/19, 9:53 a.m.  You could own two pieces of property that once belonged to Donald Trump's former campaign manager Paul Manafort, courtesy of the American government.  Manafort is currently a serving seven-and-a-half-year feder…

To actually remove floors or space from a newly-constructed building because of a violation of zoning rules is quite rare as it is drastic. And i t is a situation that a nearly-completed Upper East Side condo tower could be facing.   Manh…

Buying an apartment in New York City isn’t just a matter of finding the right unit and qualifying for a mortgage. In the case of a co-op, it’s also a matter of passing muster with the board. And even for a condominium world today, prospecti…

Everyone – including the boards and managers of community associations – inevitably makes mistakes, or is guilty of using poor judgment. And while it’s very unlikely that every member of a community will commit outright illegal acts, it’s a…

Most newly-elected condo or co-op board members aren’t experts in running a multifamily building or development. They may be eager, enthusiastic, and committed to serving their community. But they also probably have little idea of how to do…