A condo in downtown Brooklyn was found to have irresponsible finances, prompting a 30% common charge increase and a $50,000 assessment to restore the reserves. (Print: Duped By Developers)
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New Condo in Brooklyn Faces Financial Crisis After Developer Departs
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Delayed Repairs and Financial Dilemma: A Condo's Worst-Case Scenario
A small converted loft building was forced to evacuate due to leaning bearing walls, resulting in a financial dilemma and a CIRA loan to remediate the issue. (Print: Delayed Repairs: A Worst-Case Scenario)
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In The Nick of Time
The Climate Mobilization Act divides building boards into three categories: unaware, struggling to fund retrofits, and preferring fines. A new bill proposes tax abatements for emission reductions, aiming to alleviate financial burden.
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A Helping Hand for Cash-Strapped Residents
What can boards do when residents can't afford necessary capital repairs?
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Collecting Arrears with Compassion
Boards have options when it comes to bringing residents back from being in arrears.
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Avoiding a One-Size-Fits-All Budget
Costs are going up – and boards need to build better budgets.
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Leading the Way: Assistant Treasurer Jeffrey Heidings, 123 E. 75th St.
Commercial space can be a tricky part of negotiations for a co-op or condo board.
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Sailmaker Condominium Uses Two Revenue Streams to Repair Its Retaining Wall
The board at the Sailmaker brainstormed a two-pronged financial solution.
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Board President Angela Hirsch on What Makes the Saxony Special
Board president Angela Hirsch is on a mission.
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Pandemic Hit: Putting the Financial Pieces Together
Commercial tenants' pandemic financial troubles have had a devastating effect on co-op and condo budgets.
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