Brick Underground

Understanding a financial statement can help you avoid buying in a building that isn’t well prepared for the future. Among the most important indicators of a well-managed building are a healthy reserve fund, a balanced operating budget, capital investments, and assets that can meet your liabilities.

The personal liability of board members is covered by the business judgment rule, which protects individuals in corporations, including co-op and condo boards, who are acting in good faith by reasonably carrying out their duties.

Bolster, a data-driven, design-build firm in NYC, walks you through the process of renovating from the design phase to post construction.

Bolster, a NYC design-build firm, helps Astoria homeowners with a gut renovation to convert their two-family house into a single-family home.

Even though the shareholders who are most affected by the sale of air rights may want compensation for an air rights deal, it is not advisable to have the co-op pay money to the tenant shareholders from the proceeds of the sale.

A gut renovation of a building with rent-stabilized apartments may result in the building no longer being subject to stabilization. However, in order to gut renovate the entire building—or demolish it—the building owner would have to obtain the approval of the New York State Division of Housing and Community Renewal (DHCR).