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The Tax Rate Is Down, Property Taxes Are Not UNABRIDGED

Magazine Article by Kathryn Farrell on July 28, 2020

Property taxes make up a huge chunk of every co-op's budget, so boards pay close attention

The Most Important Document You've Never Read

New York City

’s projected budget to the actual budget – and then back to December from the year before. “I look to see where

back to 2007 level...

please see this article. taxes back to 2007 level - so this is somewhere in yoru budget

The Avery Condominium’s Plan UNABRIDGED

Magazine Article by Bill Morris on October 16, 2023

every year, take little bites,” Murphy says. “I view these projects as a money thing. Your budget

Is Having Stable Maintenance Fees a Good Sign?

Tips on Buying a NYC Apartment, New York City

the building balanced its budget or run a deficit? If the answer to any of the above questions is yes

Upcoming Assessment? Does the Board Know What It's Doing?

Tips on Buying a NYC Apartment, New York City

are meant for a specific project and based on a specific budget. As a shareholder or unit-owner, you know

How Could an Ongoing Lawsuit Affect the Operations of a Building?

Tips on Buying a NYC Apartment, New York City

a building's budget, causing financial hardship, which could outweigh the benefits of any positive outcome

What's So Important About a Co-op's Board Minutes?

Tips on Buying a NYC Apartment, New York City

is using assessments to offset proper budgeting. The minutes may state that the board is contemplating

Collecting Unpaid Common Charges

New York City

in a significant budget deficit for this small building during the course of the foreclosure lawsuit

How Your Building Can Benefit from Low Interest Rates

New York City

for is to balance the operating budget. These funds are an available asset to the building and should be used

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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

see the guide

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