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Revenue-Raising in Inwood, Using the "Permanent Assessment" Model

is earmarked for a specific capital project, it can reduce the capital gains tax when an owner sells her ... that would have raised much-needed funds for capital repairs. So the board began to charge shareholders

How Did This Bronx Co-op Keep Their 60-Year-Old Pool from Sliding Down a Hill?

Riverdale

of years before," says Lipson. "We anticipated the capital work that would be needed." Photo credit ... . Are you doing capital improvements at your co-op or condo? Email kfarrell@habitatmag.com or emyers ... ." Yet the seven-member board found it had trouble in paradise — trouble with a capital 'T

Avoiding Mistakes with Condo Association Budget Surpluses. Yes, Surpluses

essentially it's a capital assessment. What do you mean a "step-up in basis"? Well, if the unit ... to capital reserve fund and satisfying recent Fannie Mae / Freddie Mac requirements. Chris Griebel, a CPA

Hot Topics at This Year's Annual Meetings: A Survey Report

. Flip taxes, greening and, primarily, financing capital improvements are all on the minds of board ... Street, says upcoming capital projects will consume much of the board's time.

After Dodging a Shady Property Manager, a Co-op Gets Financially Fit

Queens

from commercial property that lines Queens Boulevard. The long-term capital investment plan was funded ... capital investments. Roofs and aging elevators needed to be replaced in all seven buildings. In addition

Use Split-Funding Financing When Some Residents Can't Afford an Assessment

Beachwalk Landing, 440-450 West Broadway, Long Beach

The needed capital improvements required a two-year assessment of between $40,000 and $70,000 per ... to be done, paying the price tag of $3.75 million for all that capital work was an issue. Some residents

Spotlight on: Whether a Walkthrough Inspection Is Right for Your Building

New York City

boards use for capital-reserve planning, mortgage refinancing, and the like — with a bonus. It costs much ... into tackling capital improvement projects — never mind when it feels like everything in the building needs

The Marriott Model: How a Middle-Class Co-op Put a Million in the Bank

NaBors Apartments, Inwood, Manhattan

. These are also a great source of emergency working capital. By the time 2011 had been audited, we had ... into the early 1990s. At that time, the chain set aside a percentage of its revenue each year for capital repairs

Replacing Your Co-op / Condo Elevator without Descending into Hell

maintenance didn't seem like a good idea," Dornbush says. "Capital improvements are a one-shot challenge ... there in 1982. Since then, she has overseen major capital improvements including a roof replacement, extensive

How the Plaza 400 Board Overhauled the Building's Infrastructure

Midtown East

Associates' Project Management Group, the division that deals with capital plans, he was well versed ... successfully completed not one but three capital improvement projects. The building is a textbook case

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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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