New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

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A PODCAST FOR CO-OPS AND CONDOS

October 15, 2024
Season 2
Episode 22
Transcript All Episodes

The Financial Consequences of a Condo's Near Collapse

When a loft condominium faced a potential collapse, residents were forced to vacate, revealing the financial and logistical challenges of such emergencies. Carl Cesarano, the accountant for the condo and principal at Cesarano and Khan, discusses the complex process of securing emergency funding, the importance of reserve funds, and the critical role of engineering assessments. Habitat’s Carol Ott conducts the interview.

Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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