What is a co-op or condo assessment? How is it calculated?

… Coop and condo buildings often need to fund capital projects like repairs to the elevator roof … Whether a board imposes an assessment or not can depend on how much money they have in the buildings reserve fund that … although it might be more difficult to get a loan to buy in a building with low reserves   Even if a condo has …

By Emily Myers |March 28, 2023 - 9:30AM
How to deal with a renovation that violates your co-op or condo board's alteration agreement

… an attorney at  Braverman Greenspun a NYC real estate firm specializing in cooperative and condominium law That … Daniel Wollman CEO of Gumley Haft a NYC property management firm specializing in board clientele Shareholders and unit …

By Evelyn Battaglia |March 17, 2023 - 11:00AM
New bill would require NYC co-op boards to give reasons for rejecting a buyer

… rid of some of the secrecy surrounding how New York City coop boards operate New legislation  sponsored by NYCs Public … Williams would require  coop boards to tell rejected buyers in writing why they are being turned down Anyone whos …

By Emily Myers |February 9, 2023 - 2:30PM