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A “Psychological Incentive” to Cut Water Use

Gramercy Park

Five years ago, a property manager presented an annual budget to the board of the 174-unit co

When Property Managers Play Superhero

New York City

arrangements. Ultimately we worked with one oil company to get a budget payment plan in place, and then we were

Lawmakers Want to Punt on the Fate of the 421-a Tax Break

New York State

With a new state budget due on Friday, April 1, many legislators say they want to hold off on Gov

“You Simply Can’t Get Away Without Maintenance Increases.”

Whitestone, Queens

year, which not only helps balance the budget but also allows the co-op to tuck away money in its

maintenance

a few years ago we had NO reserves. Our operating budget covered only current expenses -- that is

Tax Abatement

in the budget to allow for that distribution because many co-ops opt to budget for the lower tax figure

Reserve Funds and Taxes

the replacement cost could be. Essentially, you want to create a 10-year capital budget. While a new building may

Co-op/Condo News Roundup: Board Tries to Ban Overnight Guests, Plus More

-op and Condo Boards Balance Budgets with Extras" by Vanessa Weiman ( The Real Deal) "Charges

Dual-Fuel in Riverdale: How One Co-op Saves Big and How You Can, Too

The Imperial, 3755 Henry Hudson Parkway, Riverdale

.” " We were budgeting fuel for $230,000 a year and now we’re budgeting for $85,000. " Issues ranged

Nathan Sudakoff, 333 Central Park West

windows. Then read "Lessons from a Lifer" to see what he has to say about budgeting, amenities, why he

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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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