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interest on borrowed moneys in the amount of up to 50% of their “adjusted taxable income.” Under prior law
save time and money. For co-op and condo boards, facade inspections are a major ongoing expense
that ability because all their money, every last nickel they have, is going to taxes now.
money out of the city is contrary to the city’s interests.” Some critics claim that allowing building
in September. We were able to stockpile that money for capital projects. But it was a constant struggle
that the apartments’ value would rise, returning more on the investment than certificates of deposit or money
to apply for the loans for a simple reason: “It’s free money.”
companies it seemed we were just hemorrhaging money,” says Rosetta Kirkland, the co-op’s president. “We had
are repaid in installments through a charge on the subject property’s tax bill. The money, however, isn
, “and that’s why I think this service is going to spread.” How does a company make money without

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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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