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are a capital improvement as per IRS; however, I do not believe the roof deck qualifies for a j-51 (I could
of capital is absolutely critical, and in this financial market it is much more important that trying to get
Josh Rhine @ Meridian Capital. Don't have the # with me but they are in lower Manahattan.
the collection of assessments for capital improvements and for capital reserves. Some by-laws mandate
, parking, etc.) Our capital reserves at year end are typically $500,000. So with 500 units, we have $1
(even if collected with maintenance) so that the assessment earmarked for a capital investment
My co-op just increased our maintenance 41% and added on a 30 month capital assessment payments
better to just assess for specific capital projects when they arise. Thus keeping a coops debt as low
years. Without a single major capital improvement in his building, through just the green operations

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