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Capital Project Surprises: How to Deal with Unexpected Costs UNABRIDGED

Magazine Article by Ira Meister, President, Matthew Adam Properties on September 05, 2024

Raising money for capital projects is always a complicated process, and it can get doubly sticky ... Capital Improvements ... A board of a Lower East Side building successfully completed a $2 million capital project, despite ... Capital Project Surprises: How to Deal with Unexpected Costs

Strategic Capital Planning and Communication: Essential for Building Maintenance Compliance UNABRIDGED

Magazine Article by Andre Kaplan, CFO, Orsid New York on September 05, 2024

is having a long-term strategic capital plan and, just as important, communicating the building’s needs ... Boards can finance building maintenance and compliance upgrades by using lines of credit, capital ... Strategic Capital Planning and Communication: Essential for Building Maintenance Compliance

Chelsea Condop Takes Proactive Approach to Fund Major Infrastructure Projects UNABRIDGED

Magazine Article by Sara Gierloff, CFO, MD Squared Property Group on September 05, 2024

capital plan to ensure that it had enough funds to pay for current and future repairs. Time and Money ... The condop in Manhattan's Chelsea neighborhood created a detailed capital plan to pay

Escrow Accounts and Budgeting Strategies Aid Condo and Co-op Treasurers in Cash Flow Management UNABRIDGED

Magazine Article by Thomas Thibodeaux, CFO, New Bedford Management on September 05, 2024

says: “Reserve funds are for long-term capital improvements and emergencies. Escrow accounts handle

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

of money into reserves for capital projects while paying the same or less principal and interest than

Co-op City Completes $48.5 Million Elevator Modernization Project

The Bronx

. Are you doing capital improvements at your co-op or condo? Email kfarrell@habitatmag.com or emyers

Steam Traps at The Cezanne Save Energy, Eliminate Emissions

West Village

reserve funds towards urgently needed elevator repairs. “There were a lot of capital improvements that had ... the challenges of the fix-up, and how you can use their experiences to smooth out yours. Are you doing capital

Co-ops and Condos Get a Much Needed Guide to LL97 Compliance

New York City

gathering financial statements, evidence of reserve fund spending and proof of capital improvements over ... the challenges of the fix-up, and how you can use their experiences to smooth out yours. Are you doing capital

Aging Building Faces Major Structural Repairs After Sagging Floors Discovered

South Harlem

. Are you doing capital improvements at your co-op or condo? Email kfarrell@habitatmag.com or emyers

Why Is This Condo's Property Tax Bill $60,000? It's complicated.

Midtown, Manhattan

and statistical modeling of similar properties. It then applies a capitalization rate — the expected rate

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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

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