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$35 Million Makeover: Saving a Sinking Ship

statements to my accountant. He said, 'Mike, your daily budget is far below normal, you have 32 buildings

Making Co-op Late Fees Work

corporations need that cash flow," notes Berenson. "They don't run a huge surplus. Most of these budgets

Demand to Know: Where Do Politicians Stand on Co-op and Condo Issues?

-op and condo owners to focus on the consequences of failed budgets or co-op / condo developments. " So what

Hooray! I've Just Been Elected to My Co-op / Condo Board! ... Now What?

New York State

reserves, responsible budgeting) To pursue those in violation of the governing documents or who

Righting Historical Wrongs: A Tribeca Landmark Gets Careful Restoration

Tribeca, Manhattan, 55 White Street

board meeting leading up to construction and who now supervised the job. It was budgeted at $1 million

Top 10 Signs, p.2

is exceeding its budget. Unfortunately, there have also been instances where a board member has utilized

Shocker: Why Long-Term Co-op / Condo Borrowing May Be Bad, Short-Term Good

are variable-rate debt -- a poor way to fund capital improvements and a potential budget-buster in times

From the Editor: Snake Oil Salesmen Who Prey on Co-op and Condo Boards

budgeting $50,000 for fire escape/masonry, and $10,000 for a scaffold, plus possible permitting fees. Then

Replacing Your Co-op / Condo Elevator without Descending into Hell

-op lenders require you to keep a reserve fund equal to at least 10 percent of the annual operating budget

Co-op Board President Larry Kinitsky: "We are constantly juggling"

to those operating costs). We work really hard to come up with an annual budget that doesn’t have

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Board Talk

Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!

Sprinkle system for insurance?

Pooh Dec 23, 2024

Super starting his own business outside of the co-op

Bob B JR Dec 20, 2024

radiator air valves

Pre-war cooperative NYC Dec 19, 2024

Habitat Week by Week

Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.

Ask the Experts

learn more

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

Source Guide

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