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Feb 11, 2019

Co-op Boards Are Not Quality-Control Watchdogs

Co-op apartment in need of renovation

Copyright by, and republished with permission of, Habitat Magazine. Wade and Vanessa Johnson thought they were getting a “triple mint” luxury unit when they bought a gut-renovated apartment from the sponsor of a cooperative conversion at 1150 Fifth Avenue. But after the closing, the Johnsons learned that there were numerous conditions in the apartment that were not up to code – or actually dangerous – most of which had been concealed. The Johnsons alleged that the renovations were defective and noncompliant with requirements of the building code and co-op policies. For instance, the bathrooms were not properly waterproofed. Two bathrooms… Read more