PRESS KIT
For journalists, researchers,
and legislative offices.
Everything you need to cite, quote, or reference this project. Statistics are derived from public records and refreshed periodically; every number on this page links to the source page where the methodology is documented.
KEY NUMBERS
Source-cited statistics.
Source pages: master building list · issues catalog · managing agents · legislative graveyard · methodology.
FACT SHEET
Eight one-paragraph facts, ready to quote.
Each fact below is derived from primary-source NYC and NY State records. Citations are at the linked source pages.
No licensure
NY licenses 70 professions, from barbers to taxi drivers. Residential property management is not one of them. There is no exam, no bond, no public complaint registry, no disciplinary body.
No public registry
HPD requires annual building registration but has no field for managing agent firm name. There is no city or state database listing managing agents or their building portfolios.
No enforcement layer
The NY Attorney General's Real Estate Finance Bureau has approximately five lawyers and receives hundreds of complaints per year. Civil litigation costs $400-$700/hour. There is no administrative remedy.
No reserve fund requirement
No NY statute requires condos or co-ops to maintain reserves. Boards routinely impose six-figure special assessments without unit-owner vote.
No pre-purchase disclosure
Buyers can sign a $1M+ contract without seeing audited financials, reserve study, board minutes, or litigation history.
LL11 cost spiral
The inspecting engineer of record can also collect referral fees from the contractor performing remediation they specified. No conflict-of-interest disclosure required.
Class-2 tax disparity
Condos and co-ops are taxed in Class 2 (multifamily) at effective rates higher than 1-3 family homes in Class 1 — even when owner-occupied.
421-a affordability cliff
When tax abatements expire, building tax bills revert to full Class 2. Affordable-tier owners face permanent carrying-cost increases often crossing 50% of household income. No disclosure required at sale.
PULL QUOTES · FROM OUR PAGES
Quote without attribution friction.
These quotes appear in published material on the site. They may be used in any publication with attribution to CondosCoopsNYC and a link to the source page noted under each quote.
We are the shadow DBPR for New York. Until New York enacts its own equivalent of Florida HB 913, this site fills the gap voluntarily — every page in our building catalog, every managing-agent profile, every regulatory-gap entry is data that Florida now publishes by statute. We do it because the state will not.Source: /national-comparison/ — flagship positioning
In New York, a barber needs a state license. The person managing a $200 million residential building needs absolutely nothing.Source: Home page / About
Your home is not an investment. It's a point of extraction.Source: Thesis statement, /issues/
New York is the largest city in the country. It should not have the weakest condominium and cooperative governance protections.Source: /issues/
The common good — common charges, reserves, shared equity — lives at the extraction point. Every dollar meant to protect your home becomes a dollar extracted from it.Source: /issues/
We reverse-engineered what the state refuses to publish.Source: /agents/
They manage your building. No one manages them.Source: /agents/
The system that can track a broken radiator in the Bronx cannot track a defective election in Harlem.Source: /appeal/ — the case for reform
The only remedy costs more than the harm.Source: /appeal/ — on the absence of administrative remedy
We are waiting for our own Surfside.Source: /appeal/ — on facade and structural inspections
Ten bills over a decade. None enacted. This is the public record of what New York chose not to do.Source: /legislative-graveyard/
INDEPENDENT VALIDATION
Other voices on the record.
We are not the only ones documenting these gaps. The quotes below come from industry insiders, sitting legislators, and operative statutes; each points at the same governance failures CCNYC catalogs. Cite them alongside ours.
New York property management is still in the dinosaur age when compared to most of the country.David Kuperberg · President, Cooper Square Realty
Source: CooperatorNews, "Licensing Property Managers — The Debate Goes On" · primary record →
Why this matters: Industry insider on the record advocating for mandatory certification, ethics codes, and background checks for managing agents.
Property managers of cooperatives and condominiums [shall] register with the NY Secretary of State to ensure training, competency and integrity.NY Senate Bill S.71 / Assembly A.4954 · Sen. Kavanagh, sponsor — pending in committee, 2025-2026 session
Source: NY State Legislature · primary record →
Why this matters: Active Albany legislation proposing the licensure gap CCNYC documents. Validates the gap exists as a current legislative concern, not an opinion.
Cooperative housing corporations shall comply with mandatory timelines for the review of applications for purchase or transfer.NYC Council Intro 1120-B (paraphrased) · Council Member Pierina Sanchez, sponsor
Source: NYC Council, Co-op Transparency Law · primary record →
Why this matters: Local legislative validation that opacity in co-op governance is a documented harm requiring statutory remedy. Takes effect 2026-07-28.
[NY LLC Transparency Act requires] beneficial-ownership disclosure for LLCs, including the sponsor LLCs that develop and retain interests in NYC condominium and cooperative buildings.NY LLC Transparency Act, eff. 2026-01-01 · Governor Hochul, signed 2024
Source: Morgan Lewis legal analysis · primary record →
Why this matters: Confirms the post-sponsor opacity gap CCNYC documents is real enough that the state now requires disclosure at the entity level.
FOR JOURNALISTS
What we can help with.
- Building-specific forensic data: we have BBL-level data on 14,062 NYC condo / co-op buildings. If you're investigating a specific building, we can usually pull HPD / DOB / LL11 / litigation / sponsor LLC chain quickly.
- Pattern data: we can identify managing-agent or sponsor-LLC portfolio patterns across the city.
- On-record sources: we maintain contact with NYC condo and co-op unit owners across all five boroughs who can speak on the record about specific buildings and patterns.
- Legislative history: we track every reform bill back to 2017. We can usually tell you why a given reform failed.
What we won't do.
- Name individual unit owners as "bad actors." We focus on entities (managing agents, sponsor LLCs, law firms, engineers) and patterns.
- Share private contact information.
- Provide unsourced claims. Every fact in our published output links to the underlying primary record.
CONTACT
Reach the editor.
For press inquiries, source verification, or data requests, email the project. Response time is typically under 24 hours during business days.
Contact form: see footer of any page. For background interviews and confidential source coordination, request a Signal handle in your initial email.
About TASFGA: CondosCoopsNYC is Focus Area 1 of The American Society for Governance Accountability, an independent, nonpartisan public-interest organization auditing every institution whose decisions affect the public. See about and editorial standards.