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Q: This question is on behalf of my neighbor. We own shares in a co-op in Long Island. She has had extensive water damage and now has mold in her unit. She emails the property manager and president of board to no avail. It’s been like this …
On January 21, 2021, President Biden issued an executive order requiring that employers receive revised guidance for workplace safety during the COVID-19 pandemic. In response to this order, the Occupational Safety and Health Administratio…
You may have heard that co-ops can now obtain loans under the federal government’s Paycheck Protection Program (PPP) as a result of their being included in the new Stimulus Bill. The rules governing the inclusion have finally been released …
When the State of New York passed the Housing Stability and Tenant Protection Act (HSTPA) in June 2019, legislators may not have envisioned that the law would have repercussions for co-op and condo owners - but in fact it did just that. T…
Patch.com reports that a recent study by the Real Estate Board of New York (REBNY) concluded that 2020 was a slow year for construction in the city—hitting the lowest point since 2012, according to the report. With shutdowns and economic …
In a report released on January 28, NYC-based trade association the Real Estate Board of New York (REBNY) notes that after three consecutive record lows, confidence among the city’s real estate brokers appears to have rebounded in the last …
Leaks are a common problem in multifamily buildings, including co-ops and condominiums. It’s not unusual to see watermarks and dampness on plaster near or below interior widows, but since such infiltration usually stems from an issue on the…
Following the January 20 inauguration of President Joe Biden and Vice President Kamala Harris, Real Estate Board of New York (REBNY) President James Whelan released the following statement: “New York and our entire nation continue to fa…
Of all the shared amenities common to co-ops and condos, what’s more representative of gracious New York apartment living than the grand lobby? Think of how often movie depictions of New York life feature these rarified spaces, complete wit…
When purchasing a residence in a condominium, homeowners association or a co-op, you by default agree to reside in a community association. You live in relatively close proximity to your neighbors and equally share the right to utilize comm…