New Yorkers are a resourceful bunch—we pride ourselves on being able to snag a cab during rush hour, get from the Upper West Side to Greenpoint in less than three subway transfers, and show no fear as we battle the crowd at a hot design…
Who wouldn’t want to be on the board of directors of their co-op or condo, watching over their most precious possession and probably their most significant investment—their home? Most people, actually. It’s a rare co-op or condom…
You may live in the most well-run and self-sufficient building in the city, but no building is an island, not even in developments from the sprawling Stuyvesant Town-Peter Cooper Village in Manhattan to Co-op City in the Bronx to the s…
Abraham Lincoln once said, “Discourage litigation. Persuade your neighbors to compromise whenever you can. As a peacemaker, the lawyer has superior opportunity of being a good man. There will still be business enough.” Certain…
While essential to the successful operation of all cooperatives or condominiums, the contents of governing documents are often only glossed over by otherwise well-intentioned boards members and managing agents leading to potential pitf…
New York's co-ops and condos are both governed by a multitude of laws and rules. For co-ops, the primary governing documents are the bylaws and the proprietary lease. For condos, they are the condominium declaration and, once again, the…
Accountants are a norm for most people around tax time. And then, post-tax season, we rarely think about them. But for co-op and condo owners, this shouldn’t be the case. It’s crucial that large buildings hire an accountant to help with…
Everyone has experienced disorganization at one time or another. Say you have to go somewhere, and you forgot your driver’s license, only to find it in the pocket of another jacket. Or you can’t locate your cell phone because you turned …
The Cooperator’s annual Co-op & Condo Expo, which is now in its 26th year, is the premier event for education, networking and learning all you need to know about managing and maintaining co-op and condo properties in the Greater New Yor…
Recently, the Appellate Division First Department, in Fletcher v. Dakota, Inc., involving a shareholder in The Dakota, a historic luxury co-op on the Upper West Side, held that the business judgment rule does not protect individual con…