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On Big Capital Projects, the Only Certainty Is Uncertainty

When tackling big capital projects, co-op and condo boards need to expect the unexpected. ... On Big Capital Projects, the Only Certainty Is Uncertainty

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

A Condo Loan That Softens the Sting of Assessments

Rego Park, Queens

When a co-op board needs to borrow money to make capital improvements, it can use the equity ... The New Hampshire House condominium in Rego Park, Queens, has a laundry list of looming capital ... . Are you doing capital improvements at your co-op or condo? Email kfarrell@habitatmag.com or emyers ... By spreading payback over years, boards can get cash in hand to do capital work. ... A loan available to condominiums gives boards cash in hand to tackle capital projects while

Don’t Get Blindsided By Capital Projects

New York City

Don’t Get Blindsided By Capital Projects

The Cost of Seeing the Future UNABRIDGED

Magazine Article by Lisa Prevost on September 18, 2018

for the entire $24 million plan. Work is now under way. The Windsor Park board’s long view on capital ... Capital Planning Finances 5 Year Plan ... Two Queens co-ops take an aggressive approach to capital planning.

How to Fund Projects UNABRIDGED

Magazine Article by Jeffrey P. Roude on June 19, 2018

If your board lacks reserve funds to fund a capital project, look to the line of credit you ... the borrowings have to come from the line of credit. We’ve been advising boards to create a capital assessment ... How can you use a line of credit to fund capital improvements?

The Plaza 400 Concerto UNABRIDGED

Magazine Article by Kathleen Lucadamo on May 01, 2015

Plaza 400, which successfully completed not one but three capital improvement projects ... challenge itself. In fact, the amount of money, time, coordination, and risk in a major capital improvement ... Three capital improvement projects completed successfully like a melodious symphony.

Long-Range Planning Helps Boards Avoid Sticker Shock

New York City

Preparing for future capital projects will lessen the trauma for everyone. ... Boards that do the bare minimum on capital projects wind up spending more in the long term.

2006 Attorney Survey UNABRIDGED

Magazine Article on September 01, 2006

faced over the past year that was caused by a capital improvement/construction project or contract?” ... Habitat’s Attorney 2006 survey: capital improvement legal headaches

What Are Financial Best Practices? UNABRIDGED

Magazine Article by Annette Murray on June 19, 2018

with the management company, to prepare a five-year capital plan. We find that many buildings in New York City do ... One of the most important things for a board to accomplish is a five-year capital plan.

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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

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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

Source Guide

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