New York Condo & HOA News

• Insurers Seek $1M From Dealership Over Auto Fire (NY) August 31, 2024
  Insurers representing a homeowners association and two residents have filed a lawsuit in New York federal court, demanding that Honda and a local dealership cover over $1 million in damages resulting from a 2021 vehicle fire. The insurers, Country Mutual Insurance Co. and two Allstate units, allege that American Honda Motor Co. Inc. and Middletown Honda are responsible for the fire that caused extensive property damage and additional expenses.   Read the article…………………………….
• Galleria Condo Board Sues Magician David Copperfield for $2.5 Million (NY) August 30, 2024
  Disputes between co-op and condo boards and their buildings’ residents can be civil. They can be toxic. And sometimes, as the current dispute at the Galleria luxury condo attests, they can go all the way to thermonuclear.   Read the article…………………………….
• Rutherford Co-op to Pay $165,000 for Violating Fair Housing Act (NY) August 21, 2024
  How much are a couple of parrots worth? If they’re support animals for a person with a disability, as the shocked residents of the Rutherford co-op near Gramercy Park just learned, they’re worth $165,000 in damages plus $585,000 for the shares of the disabled person’s apartment.   Read the article…………………………….
• City Pushes Back Against Bid to Water Down Fines for Local Law 97 (NY) August 19, 2024
  Terrified by the potential costs of complying with Local Law 97, which requires owners to reduce their buildings’ carbon emissions or face stiff fines, co-op and condo boards in the outer boroughs aired their fears to elected officials. They got a warm reception from City Councilmember Linda Lee (D-Queens).   Read the article…………………………….
• Resort developers pitch sharing use and costs of condo complex’s sewage treatment plant (NY) August 14, 2024
  Homeowners in the Willow Ponds condo complex on Sound Avenue are considering allowing the prospective developer of a resort hotel on adjacent Soundfront property to hook up to their sewage treatment plant in exchange for a cash payment and shared costs going forward.    Read the article…………………………….
• Magician David Copperfield sued by NYC condo board for trashing, neglecting $7M Manhattan penthouse August 7, 2024
  Famed magician David Copperfield is a negligent neighbor who left his ritzy Midtown penthouse in shambles — and the mess is so ridiculously bad that it threatens the building’s structural integrity, his condo board claims in a new $2.5 million lawsuit.   Read the article…………………………….
• Planning board: We don’t enforce homeowners’ bylaws (NY) July 31, 2024
  The Town of Highland Planning Board said it will not enforce regulations on behalf of homeowners associations.  During a July 24 public hearing on a short-term rental in the Pyne Ayre subdivision, residents said the proposed rental did not comply with the bylaws of their homeowners association (HOA).    Read the article…………………………….

New York News Archives

New York Condo & HOA Articles

• Co-ops and Condos Get a Much Needed Guide to LL97 Compliance (NY)
  A new guide is out for large residential buildings, including co-ops and condos, that offers welcome clarifications on how to calculate and report carbon emissions in order to comply with Local Law 97. The 98-page document from the Department of Buildings (DOB) also explains how properties designated under Article 320 — the compliance bracket for most large co-ops and condos — can challenge that status and request an extension for carbon emission reporting.   Read the article…………………………….
• Understanding HOA Embezzlement: How to Protect Your Community
  HOA embezzlement is an issue that can impact a community’s financial well-being. When funds collected through HOA dues are misappropriated, it reduces available resources and affects trust within the community. Homeowners associations (HOAs) manage and maintain shared spaces, and the dues paid by residents are essential for these functions. Understanding HOA embezzlement, recognizing its signs, and knowing how to prevent and address it are crucial.   Read the article…………………………….
• The Best Ways to Locate HOA Grants for Your Community
  It can be particularly difficult to manage funds with high inflation and prices. Extra help like HOA grants can be especially beneficial. Additional assistance, such as HOA grants, can be quite helpful. Grants offer financial aid that can help cover costs for various community improvements without increasing HOA fees.   Read the article…………………………….
• Elderly & Mentally Compromised Residents in Your Condo or Coop are a Significant Challenge for Board Members and Management
  The demographics of many multifamily buildings are shifting. The original residents who bought in decades ago are now aging in place, leading to a rise in the number of elderly residents and those with mental health challenges. This presents unique challenges for boards and property managers who have a fiduciary obligation to all owners/shareholders and sometimes have to make tough decisions in these situations, especially if the persons pose a risk to the life, health and safety of other residents.  ...
• Co-ops and Condos in Historic Districts Can Go Solar for Almost Free (NY)
  Even as New York State falls behind on its goal to power the electric grid from clean, renewable sources, New Yorkers are ahead of schedule in installing solar panels — a viable tool for cutting building carbon emissions and complying with Local Law 97. For people living in certain historic districts, there’s an added reason for going solar: it’s nearly free.   Read the article…………………………….
• New York Condo Boards and Management Beware: Eshaghour Case in Manhattan Sets Precedent for Individual Liability
  A New York Supreme Court decision by Justice Lebovits in Board of Managers of The Promenade Condominium v. Eshaghour could significantly impact the condominium community, highlighting the potential for individual board members and their management companies to face personal liability for their actions. This ruling serves as a stark reminder that board members must act in good faith and within the scope of their authority, or risk facing serious legal repercussions. We expect that their may be an appeal of ...
• Real-Time Energy Data Helps Co-ops and Condos Track Compliance with Local Law 97 (NY)
  With co-op and condo buildings already seven months into the first Local Law 97 compliance period, access to real-time energy data is key to providing clarity on penalty exposure. After a roof replacement and a switch from oil to gas, the board at Westminster House, a 154-unit co-op on the Upper East Side, wanted evidence the building was on track to meet their 2025 emission limits. “We wanted to compare the data on how much energy we were spending several ...

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New York Condo & HOA Resources

Habitat – for board members and managers of condo’s and co-ops (blog below); online magazine;  podcasts

Cooperator.com is an online edition of The Cooperator newspaper. The publication serves the co-op and condo community with thousands of free articles on management, finance, maintenance and more…

Council of New York Cooperatives and Condominiums

Community Associations Institute – Hudson Valley Chapter; Long Island Chapter; Western New York Chapter

Association of Riverdale Cooperatives & Condominiums Serving the co-op community in Riverdale and throughout NewYork City for more than 35 years the Association of Riverdale Cooperatives and Condominiums, Inc. (ARC) is a domestic non-profit corporation, certified under section 402 of the Not-for-Profit Corporation Law. It was formed for the mutual advancement of the interests of its members engaged in the ownership and operation of buildings owned cooperatively or in condominium.