Q&A: Statute of Limitations on Condo Balcony Alteration (NY)

Q. A homeowner in a condo asks the board to allow the alteration of the balcony enclosure to a taller height. The board and management company agree and the alteration takes place. Twenty-five years later, a new manager says that was improper and the balcony must go back to original standards. Is there a statute […]

Co-ops and Condos Are Avoiding Property Tax Delinquency (NY)

Unpaid property taxes in New York City are soaring as homeowners struggle and the pandemic recession slashes the rents landlords are collecting from both commercial and residential tenants, The City reports. The property tax arrears rose to $1.3 billion in February – 4.5% of the almost $30 billion due, according to figures released by city […]

Q&A: Statute of Limitations on Condo Balcony Alteration (NY)

Q. A homeowner in a condo asks the board to allow the alteration of the balcony enclosure to a taller height. The board and management company agree and the alteration takes place. Twenty-five years later, a new manager says that was improper and the balcony must go back to original standards. Is there a statute […]

Leaks, creaks, breaks: The downside to life in a super-tall condo tower

THE nearly 1,400-foot tower at 432 Park Avenue, briefly the tallest residential building in the world, was the pinnacle of New York’s luxury condo boom half a decade ago, fuelled largely by foreign buyers seeking discretion and big returns.   Read the article………………………………………….

High-End Condo Buyers Just Took Another Hit (NY)

Pity the poor wealthy people trying to buy high-end condos in New York City today. The world just keeps piling on.  First came targeted federal moves, beginning in New York and Miami, to prevent all-cash condo buyers from hiding behind the veil of limited liability companies, also known as LLCs or shell companies – an […]

Cleaning house in co-ops and condominiums with legal counsel (NY)

The COVID Pandemic has created some extra time for people to handle projects they might not otherwise have time for. A good example of this is reviewing your building’s co-op and condominium formation documents, such as house rules, proprietary leases by-laws and any contracts for any necessary updates.   Read the article………………………………..

Fire at condominium displaces two Goldens Bridge families (NY)

Goldens Bridge firefighters were dispatched to a structure fire at 24 Boulder Lane in the Wild Oaks Village off Route 22 on Sunday morning.  The call came in just before 11 a.m. for a second floor fire that affected two units at the condominium.   Read the article………………………………

Taking the Temperature of Habitat’s Co-op and Condo Readers (NY)

After 10 months of unprecedented upheaval, 2020 is ending on a note of high anxiety for cooperative and condominium boards. Now, a comprehensive new survey, emailed to 3,474 board directors, provides a telling snapshot of our readers’ anxieties and hopes as this unimaginable year draws to a close. Here are some of the major concerns:  […]

Somers Sewer District Proposition Defeated by Homeowners (NY)

Lake Lincolndale and Lake Shenorock homeowners in Somers voted against a proposition Tuesday that would have created a public sewer district for 989 homeowners in the two communities was defeated 532-418.  The controversial and at times divisive issue would have established Somers Sewer District #2 and authorized borrowing of nearly $16.2 million to divert about […]

Condo Owners Win Lawsuit Over Construction Defects (NY)

Buyers of recently built condominiums with construction defects – by no means an exclusive club in New York City – have reason to rejoice. In a new ruling, the Appellate Division of the State Supreme Court has clarified a 2013 ruling, paving the way for condo boards to seek compensation from sponsors and investors for […]

Park Avenue Co-op Board Prevails in Battle of the Books (NY)

The seesaw battle for access to co-ops’ and condos’ books rages on. In the latest skirmish – a major victory for co-op boards – Manhattan Supreme Court Justice Nancy M. Bannon has ruled that a disgruntled shareholder’s request for access to corporate books and records was “overly broad” and was supported “only by speculation” of […]

Court lets Fortis off hook for Williamsburg condo defects (NY)

Since purchasing 37 condo units from bankruptcy nearly a decade ago, a Brooklyn developer has denied that it also acquired responsibility for fixing defects in the building. Now, a court has let the developer off the hook.  A panel of Appellate Division judges found that Fortis Property Group isn’t liable for damages or defects that […]

Brooklyn Waterfront Condos Sue Over Raucous Block Parties (NY)

The boards of three luxury condominium developments along the Williamsburg, Brooklyn, waterfront are suing the city for more than $2 million, claiming Parks Department officials have failed to maintain the publicly managed green spaces and piers fronting their buildings, while also allowing raucous revelers to party late into the night, Brownstoner reports.  Read the article…………………………….

House divided: Plaza residents, hotel battle over union labor (NY)

An internal dispute over union labor at the Plaza has gone public.  In a lawsuit filed last week, One Central Park South’s residential board, which represents the Plaza condominiums, alleged that the hotel has stalled and obstructed a nonunion contractor from initiating repairs to a 15th-floor balcony.    Read the article……………………………….

National Resources principals accused of building defective Sleepy Hollow condominium (NY)

For the third time in four years, a homeowners’ association has sued officials of Greenwich-based National Resources for allegedly building a defective condominium.  The board of managers of The River House at Sleepy Hollow Condominium is demanding $7 million from Joseph Cotter and Lynne Ward, in a lawsuit filed Aug. 12 in Westchester Supreme Court.    Read […]

Condos, co-ops are their own entity, not an afterthought (NY)

Despite all of the other obvious pressures at the time, there is a need for our elected representatives to address a recurrent problem with which the co-op/condo community is too often burdened.  Each of the lawmaking bodies — local, state and federal — from time to time addresses an issue and passes regulations that appear […]

Peloton plots, paramours and other problems as buildings reopen (NY)

Dog walkers, nannies, housekeepers and contractors are back at work in New Yorkers’ homes. Even some buildings that barred moving — although the state never did — are loosening the rules.  Reopening presents a challenge for those tasked with keeping the buildings safe while dealing with rulebreakers.    Read the article…………………………….

Condo Board Thinks Bargain-Basement Deal As Big A Scandal As 1MDB Itself (NY)

The U.S. Marshals Service deals with the most dangerous criminals and situations: tracking down fugitives; running the witness protection program; transporting murders; mobsters and drug kingpins; protecting dignitaries. But even this elite force may have met its match in an organization even more fearful than La Cosa Nostra or El Chapo’s drug-trafficking network: A luxury […]

As Construction Reboots, Rules Must Be Enforced (NY)

Though co-ops and condos were allowed to resume their nonessential construction projects on June 8, not all are comfortable doing so. “Some construction opened up, only to close again,” says Eugene Ferrara, president of the engineering firm JMA Consultants. “Residents are afraid when workers are passing by open windows on the scaffolds. They also don’t […]

Co-ops and Condos Must Act Fast to Protect Against Looters (NY)

As New York City is convulsed by protests over the death of George Floyd in Minneapolis, some co-op and condo boards are facing a problem that was unimaginable just a week ago: how to protect their street-level commercial spaces from looting and vandalism. There are smart precautions boards can take – but they need to […]

Q&A: Board President’s Personnel Power (NY)

Q. Our super was hired six months ago. He’s a hard worker and all the tenants like him. But the president of the board fired him three days before his six-month probation period was up. The tenants requested a special meeting to find out why the super was fired. We believe the president has personal […]

Sea Gate residents take homeowners’ association to court for release of financial records (NY)

Three residents from a gated community in southern Brooklyn are taking their homeowners’ association to court to force the release of its financial records — claiming that there are more than $5.1 million in discrepancies between the governing body’s tax returns and financial statements over the course of four years.    Read the article…………………………..

Condo Workers Strike at 75 Wall Street (NY)

According to a press release from the Service Employees International Union Local 32BJ, over a dozen residential workers at a luxury condo in Manhattan’s Financial District have gone on strike as of 7a.m. Monday, May 18 to protest what they claim are unfair labor practices at 75 Wall Street.    Read the article………………………..

Deathtrap NYC condo killed 28 birds in one day: advocates

Migratory birds are flying thousands of miles to the Big Apple — only to smack into a glassy Upper West Side condo and fall dead, according to bird advocates who tallied 28 fatalities in a single day thanks to the Central Park-adjacent building.    Read the article…………………………….

Huge utility poles installed in Estates; residents furious (NY)

Village of Garden City residents in the Estates Property Owners’ Association section are outraged at the series of massive utility poles installed for PSEG Long Island power transmission along the LIRR Third Track project, which they believe has forever altered their neighborhood and potentially their property values.    Read the article……………………………

Class-Action Lawsuit Seeks Coverage for Income Lost in Pandemic (NY)

The looming battle over lost-income insurance claims during the coronavirus pandemic has migrated from the New York State Legislature to a courtroom in Chicago, the Real Deal reports.  A Las Vegas-based company called Vegas Image has filed a class-action lawsuit in federal court in Chicago, arguing that its lost-income insurance policy, also known as business income […]

Here’s Why Co-ops and Condos Can’t Get Payroll Support (NY)

Q: Many co-ops and condos have been eager to apply for the Paycheck Protection Program, and a few have received funding. But many are concerned about the legality of doing so. Can you explain where the problem lies?     Read the article………………………..

Co-ops, Condos, HOAs & PPP Loans: Confusion Abounds for Communities Seeking Fed Assistance (NY)

While individuals and businesses across the country and around the globe attempt to maintain some semblance of stability in a world reeling from the medical, emotional, social, and economic devastation of the coronavirus pandemic, identifying and securing assistance from the U.S. federal government has presented its own set of challenges and frustrations.   Read the article…………………………..

Co-ops and Condos Making Good Use of the Construction Lull (NY)

In this time of uncertainty, it is difficult for many co-op and condo boards to decide if they should push ahead with construction projects that have been deemed essential under the state’s mandatory pause on nonessential work during the coronavirus shutdown. That same uncertainty is overshadowing many planned capital projects.   Read the article…………………………..

Co-ops and Condos Fighting to Join Paycheck Protection Program (NY)

Congress is on the verge of adding more than $300 billion to the Paycheck Protection Program, which provides forgivable loans to small businesses if they keep employees on payroll. So far, co-ops and condos have been ruled ineligible for these loans. Habitat spoke about the program with Rob Chasen, a co-op board treasurer, attorney Geoffrey […]

Co-ops and Condos Urged to Lobby Congress for Payroll Loans (NY)

In a recent HabitatLive video, Michael Wolfe, president of Midboro Management, and David Berkey, a partner at the law firm Gallet, Dreyer & Berkey, noted that confusion has surrounded the rollout of the federal government’s $349 billion Paycheck Protection Program. The program is designed to give employers forgivable loans if they keep employees on payroll […]

Paycheck Protection Program Up in the Air for Co-ops and Condos (NY)

The $349 billion Paycheck Protection Program, which just went into effect, is designed to provide a lifeline for financially strapped businesses during the coronavirus pandemic – though there’s some confusion if co-ops and condos are eligible for the federal aid. The Real Estate Board of New York has asked the Small Business Administration to clarify […]

Paycheck Protection Program for Coops, Condos and HOAs? (NY)

Many property managers and their coop, condo and HOA boards have been asking about the federal government’s Paycheck Protection Program (“PPP”) and whether those types of entities are eligible. The advice they have been given so far is to apply and see what happens. The PPP is a first come, first serve program and when […]

Co-op and Condo Boards May Be Able to Recoup Lost Income (NY)

Habitat: Co-op and condo boards are beginning to hear that some residents are getting laid off. They anticipate a cash crunch if people are unable to pay their maintenance or common charges. Is there any kind of insurance that’s going to help out?   Read the article………………..

Most Co-op and Condo Capital Projects Grind to a Halt (NY)

On March 27, Gov. Andrew Cuomo issued a ban on all non-essential construction projects during the coronavirus pandemic. Work on roads, bridges, hospitals, homeless shelters and affordable housing was declared essential and exempt from the ban. On March 30, the city’s Department of Buildings (DOB) further clarified the ban, stating that any construction project that […]