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-ops and condos pay for vital capital projects, state Assembly member Edward Braunstein, a Democrat from northeast
capital investment. It allows the staff to manipulate the settings on equipment if there is a service
Shostack to earmark $80,000 each year toward capital repairs and a reserve fund. Most of the budget
be on the way. A bill now before the state legislature would eliminate the Major Capital Improvement (MCI) pass
. With $32 billion in urgent capital needs, every penny recovered will be quickly spent. If $528 million
-op and condo board documents, from simple meeting minutes to large-scale capital-improvement workflow
. Instead, they have tapped into lines of credit, capital reserves or other discretionary savings
.” While unpleasant surprises may be inevitable for the crews working on a capital project
building was built in 1900 as offices, and the sponsor, HFZ Capital Group, began the condo conversion
advises. "You also want to check to see if the building has any major capital improvement projects

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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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