New York Articles

Condos and Coops are Impacted by Fannie Mae and Freddie Mac Changes

Government backed mortgage lenders, Fannie Mae and Freddie Mac, issued temporary project review requirements relating to significant deferred maintenance in…

6 months ago

Challenges: Condo Boards and the Duty to Maintain Common Elements (NY)

In a recent legal battle, LiNQ1, LLC found itself at odds with 170 East End Condominium and its Board of…

6 months ago

Banning Short-Term Rentals: A Guide to Local Law 18 (NY)

Short-term rental platforms, such as Airbnb and VRBO, are a thorn in the side of many co-op and condo buildings…

6 months ago

Electrification Is Facing Some Strong Headwinds (NY)

Earlier this week Habitat reported on 420 Beekman Hill, a 110-unit Manhattan co-op that's replacing the building's steam heating, cooling…

6 months ago

Perseverance Pays Off for the Board of the New Hampshire House (NY)

After a year of intense grassroots efforts, the board at New Hampshire House, a 139-unit condo in Rego Park, Queens,…

6 months ago

How to Handle New Construction Defects (NY)

When buying a condo apartment in a new construction, it’s very likely the building will have some defects, whether it’s…

6 months ago

Short-Term Rentals in Co-ops and Condos Plunge as New Law Kicks In (NY)

Many co-op and condo advocates applauded when the city adopted Local Law 18 last year — a tool for ending…

7 months ago

In a Big Boost for Co-ops and Condos, State Revives J-51 Program (NY)

Gov. Kathy Hochul has signed legislation that will authorize the city to replace the J-51 program, which expired in June…

7 months ago

Heat pumps may be the solution to a host of problems, but can your building handle them? (NY)

Heat pumps seem like a logical solution for individual New York City condo and co-op owners who want to regulate…

7 months ago

The Evolution of Today’s Co-op Boards: “They Want Progress” (NY)

With condos dominating the market and commanding higher prices, some co-op boards have turned to new and in some cases…

7 months ago