Condominium boards and managers are often frustrated by unpaid common charges. Once a unit owner falls more than 60 days behind in his or her common charge payments, it is recommended that this problem be turned over to the condominium …
Home may be where the heart is, but these days, it’s also the source of enormous anxiety and concern for a great many co-op and condo owners. With the economy mired in recession and unemployment still hovering near the 10 percent mark, …
In today’s difficult economic times, more and more co-op and condo owners and boards are constantly on the lookout for new ways to improve their bottom line. It’s one of the many reasons that more and more renters are moving into co-op a…
If you lived in New York in the summer of 2003, chances are you know exactly what you were doing on Thursday, August 14th, at 4:15 in the afternoon. That’s when the ripple effects of the failure of an Ohio power plant caused most of the…
The investment represented by your co-op or condo unit is likely your greatest asset—and protecting and cultivating that asset is important, especially in the current turbulent economic times. So why are so many shareholders and unit o…
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…
New York City's real estate market has certainly seen its bumps and bruises over the last couple of years, but according to sales agents in the Manhattan luxury market, buyers are still buying – but their faces have changed, and they're…
For years, people talked about how the housing market in New York City was “recession-proof;” how buyers' desire to live in New York City would always trump any housing problems the rest of the country was experiencing. But as the calend…
It seems like only yesterday when “condo-mania” was sweeping many neighborhoods, and developers couldn’t wait to build one condo development after another. Every other week or so, another open house was held, and developers competed to a…
At the beginning of 2009, the New York real estate market was as frozen as the ice at the Rockefeller Plaza skating rink. The collapse of Bear Stearns and bankruptcy by Lehman Brothers on September 15, 2008—a day still mentioned in hush…