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New York City Boards Face Financial Challenges as LL97 Carbon Caps Tighten UNABRIDGED

Magazine Article by Gustavo Rusconi, Vice President and Director of Management, Argo Real Estate on September 05, 2024

to undertake energy retrofits. Paying for them can be a steep challenge, but with smart planning and budgeting

Condo Board Takes Action to Rectify Commercial Owner's Underpayment UNABRIDGED

Magazine Article by Avi Zanjirian, Partner, Czarnowski & Beer on October 02, 2024

on the current expenses and the current budget. “A monthly increase of $1,500 was calculated for the commercial

Co-ops Ease Financial Strain by Refinancing Mortgages with Extended Amortization Periods UNABRIDGED

Magazine Article by Donald Einsidler, President, Einsidler Management on September 05, 2024

need to budget accordingly. “You have to plan for the increased debt service,” Einsidler says. Since

Construction Chaos: Protecting Your Building From Contractor Woes UNABRIDGED

Magazine Article by Jacqueline Vogt, Partner, and Boris Peyzner, Partner, Mandelbaum Barrett on November 26, 2024

% and 3% of the total project value. While that might seem steep for a budget-conscious board, it can

Boards Must Be Savvy in Negotiating Construction Contracts UNABRIDGED

Magazine Article by Lisa Radetsky, Partner, Phillips Nizer on November 26, 2024

payments to the contractor. COST CONTROL. Without proper safeguards, projects can easily exceed budgets

HDFC History

a budget, run a building. The goal was to get the buildings into the Tenant Interim Lease program, under

Points to Teach

be the hallmark of poor management…. Do they budget well, or do they get hit with unexpected costs all the time

Habitat 101: Financing a Co-op Restoration

360 E. 72nd Street, Upper East Side, Manhattan

underlying mortgage any time soon. It refinanced, budgeting for an extra $12 million to use for the various

Teachable Moments: Finding Hidden Financial Revenue

New York City

budget, we found that the commercial rent was low. We then went back and looked at the master lease

Fed Backs Down as Co-op / Condo Community Unites on Flip-Tax Issue

’s budget to fund present and future capital repairs? A major source of such income is flip taxes. Saft

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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!

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

Coop serious problem - staff work without permits, etc

DM Dec 15, 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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