Not everybody on a co-op or condo's board is an accountant (or can even balance their own checkbook, for that matter.) No doubt, handling large amounts of money for an entire building is a huge responsibility. Residents, therefore, rely…
2013 April
Focus on... Real Estate Market/Expo
It’s the age-old question for apartment dwellers living in cramped spaces: where do you store all of your possessions? If you live in a New York City co-op or condo, most buildings have a solution: sizeable storage units at the ready th…
You’ll find knishes, borscht, blinis, loads of shops, bakeries, fruits and vegetables, black market caviar and of course, vodka, along Brighton Beach Avenue, the neighborhood’s main artery that caters to a thriving Russian community. Da…
Q My wife and I own the shares for our co-op apartment jointly. We wish to establish a revocable living trust for our assets and the apartment. Our co-op board is unwilling to make the transfer to the trust. How can we convince the boa…
Q I own a co-op in Mount Vernon, New York. I was unable to sell the co-op so the board approved a sub-lease. The maintenance was in arrears by one month plus the current month. I was sent a letter by an attorney to pay the arrears plus t…