New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

BUILDING OPERATIONS


HOW NYC CO-OP AND CONDOS OPERATE

NYC co-ops and condos, like all residential apartment buildings, are bricks and mortar. They need care, maintenance, and money to pay for the upkeep. The goal, though, is not to make a profit, but to create an environment that owners want to live and invest in. How co-op and condo buildings do that in New York City is what you'll find here. 

Deadly Florida condo collapse moved New Jersey to tighten building inspections.

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Co-op and condo boards are urged to get busy complying with Local Law 126.

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Number of fires and deaths from faulty lithium-ion batteries rose again last year.

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There are places to turn for help when an elderly resident suffers from impairment.

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Co-op shareholders and condo unit-owners have options when their building is too chill.

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How to Handle New Construction Defects

Written by Steven Sladkus, Partner, Schwartz Sladkus Reich Greenberg Atlas on November 02, 2023

New York City

Defect claims occur in about 90% of new construction condos in New York City, and approximately 30% to 40% of these end up in litigation.

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New rule adds teeth to Local Law 126 in the wake of a fatal garage collapse.

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Co-op boards can evict a shareholder who continues to flout the law.

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Local Law 18 is having the desired effect — shutting down illegal sublets.

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Cherished tax breaks are brought back to help defray the cost of building repairs.

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Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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