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 …
Property managers wear many hats and have job descriptions covering everything from bidding out capital projects to mediating spats between neighbors -- so how do individual managers determine what needs to be done, and when? In this clip, …
Boards -- whether co-op, condo, or HOA -- hire managers to handle the administrative, operational, and social sides of what can often be a tricky field. How much leeway a manager has to get the job done depends on several different variable…
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…
Laws, and the legal decisions that support and enforce them, are constantly evolving and can affect every facet of community life in HOAs, condominiums and co-ops. While law and legal cases can emanate from any of our three levels of govern…
When a community association enters into a contract with a professional management company, board members may feel a sense of relief. After all, much of the burden of running the community's daily operations has now been transferred to (hop…