Habitat Preview July/August 2012 : Page 1
Contents WRITERS & ARTISTS BRUCE A. CHOLST is a partner in the law firm of Rosen, Livingston & Cholst. DALE J. DEGENSHEIN is a special counsel at the law firm of Stroock & Stroock & Lavan. LIZA DONNELLY , a contributor to Habitat since 1982, is a cartoonist at The New Yorker. DAVID GOLDSTICK is a co-op attorney and the treasurer of his Upper West Side co-op. RONDA KAYSEN writes about commercial real estate for The New York Times . MARY L. KOSMARK is a partner in the law firm of Rosen, Livingston & Cholst. BILL MORRIS , a reporter for 34 years, formerly worked for the Daily News . PATRICK NILAND is president of First Funding, a mortgage brokerage. BRUCE ROBERTSON is a former board director at his Washington Heights co-op. RICHARD SIEGLER is a partner at Stroock & Stroock & Lavan. He teaches a course in real estate law. DANIEL TEBOUL is an award-winning French photographer who has been working in New York for 25 years. July/August 2012 FEATURES 6 The Business Partnership Here’s how to make the management-board relationship last. BY TOM SOTER 17 Management Leaders 2012 A photo round-up of New York’s finest management executives. 6 26 Help from Within Getting the most from professionals on the board. BY BILL MORRIS Special Management Advertising Section 32 Bulk Benefits Does your management company offer bulk buying? BY RONDA KAYSEN 36 Good News for Condos New remedy against unruly residents. BY BRUCE A. CHOLST AND MARY L. KOSMARK 20 40 What Lurks Behind Lobby and hallway renovations – lead paint woes. BY FRANK LOVECE 44 The Cost of Comparables Low appraisals can have an impact on your resales. BY RONDA KAYSEN 32 49 Tips from a Treasurer Advice from a veteran. BY DAVID GOLDSTICK DEPARTMENTS 4 PUBLISHER’S NOTE Embrace the details. BY CAROL J. OTT What do you do when you need a mortgage for repairs but can’t get a loan? BY PATRICK NILAND SERVICES 55 BOARD TALK A conversation about a conflict of interest. 58 Stats 59 Advertiser Index 59 Planner 62 Projects Around Town 63 Recent Sales 50 ASK THE MORTGAGE BROKER 60 FROM THE EDITOR Board versus shareholder. BY TOM SOTER 64 ENDPAPER When a broker is on the board. BY BRUCE ROBERTSON 52 CASE NOTES Sublet restrictions. BY RICHARD SIEGLER AND DALE J. DEGENSHEIN WWW.HABITATMAG.COM JULY/AUGUST 2012 HABITAT 3
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