Inside Manhattan’s Co-Op Market: Where Prices Are Rising Amid Easing Covid Restrictions

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Amid easing Covid restrictions, Manhattan's co-op market prices are rising

... [+]I’m seeing more and more new development cocktail parties and broker breakfasts subject to particular rules. I was just at one of those cocktail parties and about half the people were wearing masks and half weren't. How is wearing masks inside the buildings being handled for staff, residents, and delivery people?My building has over 35 children living there. We are asking residents to continue wearing masks in common areas, including elevators and hallways.

We are still seeing food delivery people and contractors wear masks. Most of the buildings are back to their old ways now on food deliveries, whether it’s having your take-out delivered to your apartment door or going downstairs to pick it up. It depends on what the residents are comfortable with and what the shop that employs the delivery person decides as guidelines for their employees....

The other amenity space is our roof deck, where people do have the ability not to wear masks. In June, we had a party for residents on the roof deck where about 40 to 50 residents attended. Some wore masks and some didn’t.... [+] seeing food delivery people and contractors wear masks. Most of the buildings are back to their old ways now on food deliveries.Are co-op boards starting to do in-person interviews again with prospective buyers? How about in-person board meetings with board members?Our co-op board planning meeting just had its first in-person board planning meeting. We may stick with Zoom for ongoing board meetings. As far as in-person interviews go for the buyers. We meet buyers in the lobby or on the roof.

 

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