As with a first date or job interview, sitting before a cooperative board to plead your case for buying into its community is a daunting prospect. Though the pressure may be high, board interviews tend to be pretty straightforward. But what…
On a consistent basis, a group of elected shareholders or unit owners, for co-ops and condos respectively, meet to conduct the building’s business. This group is known as a Board of Directors (co-ops) or a Board of Managers (condos). The …
Co-ops have several ways which they could explore monetizing untapped potential. These opportunities range from air rights sales, to creating retail components, to selling the entire property outright. When shareholders come together with a…
In January, Airbnb listed New York City as the third-most travelled to city for business trips on its new “Airbnb for Business” platform. The announcement comes a month after the company released data showing that nearly 60 percent of Airbn…
New York City buildings have achieved 100 percent compliance with Local Law 43, a part of the overall Greener, Greater Buildings Plan put in place in 2009 to improve the energy efficiency of existing buildings and reduce the city’s carbon f…
There's a certain allure to being the very first owner of a condo in a brand new building. To be able to wake up every day in a space that's totally your own, free from the dents, dings, and spackel of previous owners' experiences in the pl…
All you have to do is turn on the TV these days to know how popular kitchen and bathroom renovations have become. Backsplashes, stainless steel appliances, subway tiles, granite countertops, glass-enclosed showers, soaking tubs—the list of …
There are few people as passionate as pet owners, and for evidence look no further than condo and co-op communities. The many health and aesthetic concerns that go with pets compel many boards to favor a ban on pets altogether. However, if …
The greatest changes in cooperative and condominium law this past year did not come from the legislature or from the courts but from the New York Attorney General’s office (NYAG). This article will review some of those changes and the most…
Having served the greater New York co-op and condo community for more than 60 years, Argo Real Estate is fully committed to educating and supporting its board members. Argo University is a quarterly educational session for co-op and condo b…