Brick Underground

“Before you get involved in requesting an audit you should have an accountant or someone with a strong accounting background to review the building’s financial statement to see whether there are in fact discrepancies or if it is simply a misinterpretation of the numbers,” says Steven Wagner, a partner at the Manhattan law firm Wagner, Berkow & Brandt who represents co-op and condo boards and owners.

Bolster, a New York City design-build firm, helps an Upper East Side couple gut renovate their co-op through Covid, building restrictions, and material shortages.

Co-op and condo board election results are typically returned within a couple of days. In many cases, the balloting is handled by an outside company with experience conducting elections for both co-ops and condos and other entities such as unions. Shareholders or owners should be informed if there is any reason for delay. 

A new survey from LendingTree found that three in 10 sellers admit to using a hidden camera during open houses. Most said it was to gain insight into what buyers do and don’t like about the property.

If you're a Manhattan renter who moves to another Manhattan apartment with an additional bedroom, you'll pay an average of $1,592 more than what you’re currently paying in rent—the most anywhere in the U.S. 

New York legalized buyer's rebates back in 2014 to reduce costs for buyers and boost competition among brokers. Typically, a buyer's rebate ranges from half a percent to one percent but using Prevu, buyers get biggest rebates of up to two-thirds of the buyer's commission.