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What's the Deal with Flip Taxes?

Tips on Buying a NYC Apartment, New York City

to draw capital funds by refinancing their underlying mortgage in a timely manner. The flip tax is another

What Happens to Our HDC Apartment if the Building Leaves the Program?

Tips on Buying a NYC Apartment, New York City

capital projects make sense and that the building has the available funds to complete a project

Why Do Some Buildings Always Have an Ongoing Assessment?

Tips on Buying a NYC Apartment, New York City

levied as a means to pay for capital improvement items, one-off transactions, extraordinary legal fees

A Collection of Capital Projects at 771 West End Avenue

Upper West Side

it for $2 million — you do the math. They rely heavily on [the flip tax] to address capital projects ... was supervising a major capital improvement job and noticed there was "a water leak in the oil tank room ... A Collection of Capital Projects at 771 West End Avenue

Expecting the Unexpected UNABRIDGED

Magazine Article by Tom Soter on August 01, 2015

in the life of most co-ops: the board’s previous mortgage was coming due. With an eye toward future capital

What's the Deal with Special Assessments?

Tips on Buying a NYC Apartment, New York City

or capital expenditures? What capital improvements have been completed in the past decade, and which

Why Would a Co-op Not Increase Maintenance Fees Every Year?

Tips on Buying a NYC Apartment, New York City

into a reserve fund? What capital expenditures are anticipated? Is the budget balanced by drawing down savings

What's the Deal with Co-ops That Have Ongoing Assessments?

Tips on Buying a NYC Apartment, New York City

assessment. The first is to raise funds for capital projects or capital reserves. It is not unusual

Upcoming Assessment? Does the Board Know What It's Doing?

Tips on Buying a NYC Apartment, New York City

a reserve fund through common charge contributions, I feel this is a long-term solution in capital planning

Five Ways Your Co-op Can Fatten Up Its Reserve Fund

New York City

planned capital projects and to fund the reserves. Additionally, many buildings already have a line

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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

see the guide

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