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Ask Curbed: Who Owns the Air?

Lots of good questions for Ask Curbed are hitting the inbox this week. Let's open the mailbag:

My co-op has several apartments with roof terraces. The co-op has received an offer to sell our air rights, and we're trying to confirm that it's true that the air rights above a coop belong to the co-op corporation as a whole, not to individual shareholders with roof rights. Is there any legal maneuver an individual shareholder could use to stop the co-op from selling the air rights?
Savvy friends, your words of advice in the comments, or to tips@curbed.com. Those with questions, also feel free to drop a line.