condos

SANDY ONE YEAR LATER: Co-ops, condos still waiting for disaster aid
SANDY ONE YEAR LATER: Co-ops, condos still waiting for disaster aid
News Melissa Chan 10/25/2013 at 11:11AM

A proposed federal law that would bring disaster aid to co-op and condo communities has not come any closer to being passed nearly one year after Sandy. “It just doesn’t make sense,” said Warren Schreiber, president of the Bay Terrace Community Alliance. “It’s just prolonging the financial hardship on co-ops. Right now, we’re stuck footing [...]

HUD grants not enough say co-op, condo owners
News Melissa Chan 3/18/2013 at 4:22PM

Co-ops and condos damaged by Sandy are now eligible for federal housing grants. The U.S. Department of Housing and Urban Development (HUD) announced it will allow co-ops and condos to receive funding from Community Development Block Grants Disaster Recovery grants to help with repairs. “We have finally cleared a bureaucratic hurdle that prevented thousands of [...]

Schumer pushes for co-op, condo Sandy relief
News Melissa Chan 2/21/2013 at 12:06PM

New York’s senior senator has joined the ranks of leaders pushing for relief to storm-damaged co-ops and condos. U.S. Senator Charles Schumer penned a letter to the U.S. Department of Housing and Urban Development (HUD) last Wednesday asking the agency to establish Sandy relief program guidelines for co-ops and condos. Co-op and condo owners currently [...]

Relief proposed for co-op owners
News Melissa Chan 3/13/2012 at 12:27PM

New legislation may lighten the load on co-op owners, while leaving their wallets heavy. According to Senator Toby Ann Stavisky and Assemblymember Ed Braunstein, property owners can currently fight city tax assessments through a “certiorari” process, but they said it is often costly and incurs “excessive legal fees.” “As a co-op shareholder, I understand this [...]

The Industry Arrives in Long Island City
The Industry Arrives in Long Island City
Real Estate Steve Mosco 11/09/2011 at 10:57AM

The expansion of LIC continues. On October 19, Eric Benaim and Ted Kokkoris of Modern Spaces hosted at a premier party to announce that the real estate firm is now marketing The Industry – a condo developed by Silvercup Studios. Guests packed the space at 21-45 44th Drive and were treated to music by DJ [...]