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not been performed. The building didn’t have the money to pay for it. The co-op also faced $1 million
It’s natural – it’s imperative – for co-op and condo boards to explore creative ways to save money
. It was really hard on people who didn’t have a lot of money. As an artist, I was one of them." But he couldn
any money.” So far, 17 shareholders have added sun rooms to their apartments, some at ground level
though significant money was being spent on them, they almost seemed like DIY projects that were done
an advantage beyond saving money on energy bills. “It’s also safer than other systems,” says Mazzeo. “There
refinanced the building’s underlying mortgage,” says Kruckeberg. “We were able to put money into our reserve
increase will be required. “With money so tight these days,” Axelrod says, “that’s very, very nice
of millions and millions of dollars. So where does that money come from? At Cadman Towers we’re about to sign
the money as much as any other building owner -- if not more. Contact your federal representatives to make

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

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