Back in August 2013, BKLYNER reported about a heated debate between candidates for Southern Brooklyn City Council. The focus was reforming co-op laws, the results were non-existent. Organizers said the purpose of the event was to alert candidates of “insufficient laws in the State and City of New York concerning rights of shareholders of co-ops, […]
The Real Deal highlighted an issue many cooperative shareholders have been aware of for decades, the laws ostensibly serving New York co-op owners are full of holes and need drastic overhauls. Read about how a proposed tax on New York corporations caused co-op owners to panic because of unclear corporation laws.
Please note the AG has since agreed to a settlement and details are available through the FOIL act. While not many details are available publicly about this case, it is a crucial one related to elderly shareholders often kept in the dark about the goings-on of their cooperatively owned property. Read a few details about […]
Read the shocking and disturbing story about a Queens co-op board that ran in the New York Times back in 2018. While New York State agencies often insist that co-op boards manage themselves or implement private lawsuits, there must also be unilateral oversight for co-op boards. As it stands now, it’s far too easy for […]
According to an August 2019 article that ran in The City, some people in the 288-apartment Harry Silver Housing Company were “scared and intimidated.” So much so that resident Marcella Coma, “sued the co-op board and state housing officials in Kings County Supreme Court, charging irregularities in the process of electing board members and violations […]