Randolph Gerner, a New York City architect, has been instrumental in the renovation and decarbonization of his building, saving $700,000 and meeting LL97 carbon-emission goals for the next 40 years. (Print: Taking Charge: Randolph Gerner)
Randolph Gerner, a New York City architect, has been instrumental in the renovation and decarbonization of his building, saving $700,000 and meeting LL97 carbon-emission goals for the next 40 years. (Print: Taking Charge: Randolph Gerner)
Boards must decide on the right amount for holiday bonuses, taking into account the salaries of supers, doormen, concierges, and porters, as well as individual cash tips from shareholders and unit-owners. (Print: Handling Holiday Bonuses)
Construction contracts can be complex and often favor contractors, but boards can negotiate cost controls, proper insurance, and retainage to ensure a successful project.
Co-ops must comply with the Corporate Transparency Act by filing beneficial ownership information with the Department of the Treasury's Financial Crimes Enforcement Network by January 1, 2025, or face penalties. (Print: The Corporate Transparency Act)
The board president of a building in Chelsea was found to have crossed a line by aggressively soliciting donations for a lobbyist fighting the city on the placement of a 5G tower, and was advised to consider the potential consequences of such a request. (print: Keep Your Opinions to Yourself)
Boards should carefully vet contractors, obtain surety bonding, hire construction managers, and have robust alteration agreements to protect their property from construction chaos and potential liens.
Shareholders in a Lower Manhattan co-op frequently email the board with personal and irrational complaints, leading to a series of co-op dramas that are both cringeworthy and disappointing. (Print: The Write Stuff)
Interior soundproof windows are an affordable option for apartment buildings to mitigate daytime noise pollution, with CitiQuiet Windows offering a cost-effective solution for co-ops and condos to improve their energy efficiency and comply with Local Law 97. (Print: The Problem: Noise Pollution)
Co-op and condo boards are strategizing ways to make composting convenient and hygienic for residents, as a new mandate requires buildings to separate compostable items from trash or face fines. (Print: Carrots and Sticks: Strategies for Composting Success)
The Oxford, a 199-unit condo on the Upper East Side, is maximizing its energy savings by using automated building sensors and controls to participate in demand-response events, which generate financial rewards for reducing energy use during peak-demand periods. (Print: Snagging Cash-Back Rewards)
James Park, Managing Director of Spark Super, helped a 425-unit co-op in Lower Manhattan find a permanent resident manager to fill a temporary position, ultimately hiring the temporary staff member to a permanent position. (Print: The Problem: Resident Manager Matchmaking)
The Cezanne co-op in the West Village has successfully eliminated carbon emission penalties until 2035 by installing new heating controls, a pump replacement, and steam traps, saving money and making residents more comfortable. (Print: Steam Traps: the Secret to Efficient Heating)