ELIKA insider

4 min

What is HO-6 Insurance and Why You Should Have it?

Insurance coverage can often be confusing, especially when it comes to condos and co-ops. While your HOA fees will cover the building’s master insurance policy, this typically only applies to…

View Post

Buying Your First Condo in New York City

View Post

4 min

Planning to Buy Your First Condo in New York City

When buying your first condo in New York City, you need to approach it as buying your first home. There is no need to stretch yourself financially, and you can…

View Post

View Post

5 min

Should I Buy a Condo or Co-op in New York City?

New Yorkers have a relatively firm understanding of the real estate market and its nuances. Particularly true in regards to the trade-offs between condo vs. co-op. However, if you’re thinking…

View Post

View Post

3 min

High Floor Walk-up Apartments in New York City

When searching for my own NYC apartment, I toured some pretty sweet Manhattan fifth-floor walk-ups, which, at the time, seemed almost feasible. (I skipped the sixth-floor ads intentionally and later…

View Post

Purchasing Process for Condo or Co-op in NYC

View Post

14 min

Purchasing Process for Condo or Co-op in NYC

Those who have never purchased a New York City apartment tend to underestimate how long it takes to buy a condo or co-op apartment. Find a reputable buyer’s agent, real…

View Post

What is a Master Building Insurance Policy for Condos and Co-ops in NYC?

View Post

3 min

The Master Building Insurance Policy in New York City

Having insurance is vital for every homeowner, but many people don’t understand what their insurance covers. More specifically, what is covered by apartment insurance and what is included by buildings…

View Post

New York City Co-op and Condo Board Elections

View Post

2 min

The Buildings Election of The Board Members

Co-ops and condos both have a board of directors that oversee matters, but getting into office is a bit opaque. While a directorship is an elected position, its mechanics are…

View Post

View Post

3 min

What Qualifies as a Legal Bedroom in New York City?

As anyone trying to find an apartment in New York City knows, landlords tend to stretch the truth regarding room descriptions. For instance, this Brooklyn beauty stairway room (features “a…

View Post

Fiduciary Duties of Your Buildings Board

View Post

2 min

Fiduciary Duty of a Co-op and Condo Board in NYC

Some co-op boards are notoriously strict, and there are questions to ask the condo board. However, even in the case of a problematic board member, they owe you a fiduciary…

View Post

View Post

8 min

House Rules for a Condo and Co-op in NYC

Co-op or condo buyers or tenants in New York City should know a particular set of policies. The governing policies are called house rules. The house rules govern normal day-to-day…

View Post