How Does the Right of First Refusal Work in NYC Condos
In New York City, it’s a well-known fact that co-ops boards can be incredibly thorough and invasive when scrutinizing a potential buyer. If the board doesn’t feel like a buyer…
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Condos vs. Co-ops in NYC – Know The Difference
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…
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What is HO-6 Insurance Coverage?
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…
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Planning to Buy Your First Condo in NYC
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…
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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…
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What Qualifies as a Legal Bedroom in NYC?
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…
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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…
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What is The Master Building Insurance Policy?
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…
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Building Board Elections for a Condo or Co-op
Co-ops and condos 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 a…
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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…
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