New York Condo & HOA News
- LIC Condo Board Settles Wage Dispute with Service Workers (NY) April 23, 2024There’s no such thing as a free lunch — or a free tax break. The popular 421-a tax abatement, for instance, comes with the requirement that a building receiving the tax relief must pay its non-union employees prevailing wages, which are pegged to the wages and benefits enjoyed by members of Local 32BJ of the Service Employees International Union. Read the article…………………………….
- In a luxe N.Y. condo, residents battle over dumping the Trump name April 19, 2024A referendum underway inside one New York condominium building has led to bitter divisions between once-friendly neighbors, who have handed out dueling information and lobbed accusations of wrongdoing back and forth as votes are tallied. Read the article…………………………….
- Fire in Chester condo complex destroys several units (NY) April 17, 2024A fire in Chester Tuesday destroyed several units inside a condominium complex. Chester Fire Department Chief Thomas Marchiano says the flames broke out in the afternoon at the Whispering Hills condominium complex inside a garage and spread to the apartments above. Read the article…………………………….
- Queens Condo Mgmt Must Pay $119K For Workers Stiffed Out Of Benefits (NY) April 11, 2024Managers of a swanky Queens condo building stiffed workers out of benefits they were entitled to receive under the terms of a lucrative tax break, said city Comptroller Brad Lander. Choice NY Property Management must pay $119,000 to its workers at The Jackson, a condominium in Long Island City, according to a wage theft settlement reached by Lander this week. Read the article…………………………….
- Somers community says HOA refuses to fix massive sinkhole (NY) April 7, 2024“Ten years ago, we saw a sinkhole was developing so we notified the homeowners association. They told me there’s no imminent danger here, and I said ‘Well, let your grandchildren come play back here,”‘ he says. He says he’s reached out to the homeowners association about 30 times over the years about this. Read the article…………………………….
- Complaints mount against developer Sathuan Sa. Why East Greenwich halted work on new condos (NY) April 6, 2024An embattled Rhode Island developer, who has been sanctioned multiple times by the Rhode Island contractors’ registration board, had construction of his 38-unit condominium development in East Greenwich halted after the town’s building official said he had “grave concerns” about the work being done there. Read the article…………………………….
- Brooklyn Tower Is in Trouble (NY) April 6, 2024Stern’s supertall at 9 Dekalb, with its strikingly dark neo-Gothic façade, is now the most recognizable feature in the Brooklyn skyline — and perhaps its most divisive. But people in the real-estate industry have always talked about it for a different reason, with some speculating it was doomed from the start Read the article…………………………….
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New York Condo & HOA Articles
- Is Your Co-op Vulnerable to Unauthorized Pets? The Pet Law is a Beast (NY)In the case of 360 E. 72nd St. Owners Inc. v. Wolkoff, a New York State Court in Manhattan handed down a decision regarding pets in cooperative buildings that co-op boards and property managers should beware. The outcome underscores the importance for co-ops to take prompt legal actions when dealing with residents who violate pet-related house rules and the risks of delaying enforcement. Time is of the essence. Read the article…………………………….
- What Is a Co-Op? (Short Answer: Much More Than You’d Think)With so many different types of housing out there, you can’t blame first-time homebuyers in many large cities in America for asking themselves, “What is a co-op?” But a housing cooperative is more than a condo with a board of directors, bylaws, shares and complicated board approval process. It’s also a historic method for providing more affordable housing options for people in cities like New York City and of giving the people who live in these places more say in ...
- Condominium Construction Defect Lawsuits: When Sponsors Bring Architects into the Fray (NY)Condominium boards embroiled in construction defect lawsuits against developers (sponsors) often see a further complication arise: the sponsor bringing in the project architects as third-party defendants. Sometimes the condo can sue the project architect directly but many times the focus is on the developer and its members and they point the finger at the architect. This tactic can introduce additional complexities into the condo board’s case against the sponsor. A recent New York case sheds light on this dynamic. Read ...
- Co-Op Board’s Carpet Rule Poses Dilemma for Allergy Sufferers (NY)Tax Day is upon us once again, a timely reminder that for co-op and condo boards there are three eternal verities: death, taxes and noise complaints. This was brought home by a woman with allergies so severe that she had to remove the carpets from her apartment years ago. In an effort to downsize, she recently bought a ground-floor co-op apartment with beautiful hardwood floors — only to learn after paying a deposit that the house rules require wall-to-wall carpeting, ...
- Understanding the Responsibilities of Your Property Manager (NY)If you own or serve on the board of a cooperative or condominium in NYC, you might feel unsure about what each person’s roles and responsibilities are. This includes your staff, board members, and especially your property manager. Knowing who does what is really important for being a good neighbor and for boards to keep your building running smoothly. Read the article…………………………….
- Holding Condominium Developers and Their Principals Liable (NY)In Board of Managers of the Brighton Tower II Condominium v. Brighton Builder, LLC, the Second Department which overseas Brooklyn and Long Island lower courts, issued a decision which clarifies what condo boards and owners have to establish in order to succeed against sponsors and their principals in construction defect cases. The court offered important clarifications on when condo boards can sue sponsors and their principals, as well as time limits for doing so. Here’s what condo boards and their ...
- Flip Taxes: Co-Op & Condo Boards’ Tool for Boosting Reserve Funds (NY)It began back in the 1970s as a tool to discourage real estate speculators and to avoid assessments and increases in monthly charges. Today it is primarily a tool for co-op and condo boards to keep their reserve funds robust. And when it comes to setting one — and determining who pays it — there’s a lot of wiggle room. Read the article…………………………….
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