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Capital plan

Condo buildings Hunters Point, Long Island City, Queens, with a view of Midtown Manhattan over the East River
Reserve study
New Jersey passed a law requiring condo and co-op buildings to conduct reserve studies. Could New York be next?

… New Jersey enacted new legislation  that takes a big step … of the lawa reserve study mandateis something that New York City buildings should put on their radar sources tell Brick …

By Jennifer White Karp |February 6, 2024 - 5:30PM
New York City skyline
Live
Does your board have questions about creating a budget for 2024? Sign up for our webinar
By Jennifer White Karp |October 13, 2023 - 11:30AM
Brown and black concrete building
Fees
What are a property manager's responsibilities?

… A property management firm is a thirdparty vendor hired by your board … management firms also have a closing department to manage apartment sales transfers and sublets whereas smaller firms … They often also obtain several proposals for vendor services however those may or may not be high low or even …

By Tina Larsson |October 10, 2023 - 12:30AM
Mulit Exposure NYC
Liability insurance
What are the expenses involved in running a NYC co-op or condo building?
By Tina Larsson |October 10, 2023 - 12:30AM
black and gray metal pipe
Capital Improvements
How can our co-op or condo building pay for capital improvements?

… externally funded though ultimately all costs are passed on to owners   … Internal Funding Options … Monthly Dues … The amounts of transfer fees their structure and how they can be changed are generally determined by the bylaws  Here are some ways that the …

By Tina Larsson |October 10, 2023 - 12:30AM
bank of 2 elevators at the base of apartment building lobby with pink walls
Buy
How often does our board need to do a reserve study for our building?
By Emily Myers |May 8, 2023 - 2:30PM
image
Troubleshooting
How can our condo building pay for capital improvements?
By Alanna Schubach |January 18, 2022 - 12:30PM
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Live
Why is a capital plan important, and how do we create one for our building?

… your board should coordinate with your buildings lawyer and accountant to make sure it is done properly and … which is what most coops and condos want says Wagner New York City real estate attorney Steven Wagner is a founding partner of Adam …

Sponsored By Adam Leitman Bailey, P.C. |January 29, 2020 - 10:00AM
Brick UndergroundBRICK UNDERGROUNDREAL LIFE. REAL ESTATE. REAL NEW YORK.
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