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/ Owner - June 21, 2012

New York Condo & HOA News

  • Fire in Chester condo complex destroys several units (NY) April 17, 2024
    A 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, 2024
    Managers 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, 2024
    An 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, 2024
    Stern’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…………………………….
  • Security firm paying $230K to settle wage-theft case at Chelsea condo (NY) April 1, 2024
    New York Attorney General Letitia James and city Comptroller Brad Lander on Monday announced a nearly $230,000 settlement with the managers of a Manhattan condo building and a private security firm for underpaying its workers.  A joint city and state investigation found that Allied Universal Security Services had for years been underpaying its security guards at 540 W. 28th St. — a luxe condo called +Art, which in 2011 received a 421-a affordable-housing tax break — some of them to ...
  • Somers community says HOA refuses to fix massive sinkhole (NY) March 27, 2024
    A community in Somers says their homeowner’s association won’t fix a massive sinkhole, despite many calls about it.  “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.     Read the article…………………………….

New York News Archives

New York Condo & HOA Articles

  • 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…………………………….
  • MHH Condo/Co-op Digest Vol. VI, April 2024 (NY)
    Court Of Appeals Decision Threatens To Upend NYC Property Tax System:  On March 19, 2024, the New York State Court of Appeals issued a decision in Tax Equity Now NY, LLC v. City of New York et al., Index No. 153759/2017 (Sup. Ct. N.Y. Co.), opening up a path forward to challenging New York City’s property-tax system on the basis that it allegedly “imposes substantially unequal tax bills on similarly-valued properties  Read the article (PDF)…………………………….
  • Corporate Transparency Act (CTA) Compliance Condos, Co-ops, HOAs Likely Must Register—or Face Steep Fines (NY)
    Back in 2021, Congress passed the Corporate Transparency Act (CTA), a federal law requiring most corporations, LLCs, and other such entities to register with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN). The function of the Act—which went into effect on January 1 of this year—was to fortify laws around money laundering, corruption, tax fraud, and other financial crimes.   Read the article…………………………….
  • When Negotiations Fail: Forcing Your Association’s Neighbor to Grant a License for Protection May Be the Only Way (NY)
    Property managers, take heed! A recent court case highlights the power you have to protect your associations when a neighboring building owner does not cooperate in giving a license for protection on their property so that the association can perform its work . In this case, the court awarded a license fee and mandated typical insurance, but did not reimburse the unneighborly neighbor for any additional professional fees or costs and did not grant any other consideration for the license.  ...

New York Article Archives

 

New York Laws

Condominium Act

Cooperative Corporations

 

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 ChapterWestern 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.

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