podcast icon
EPISODE 39

The secrets to a well-run co-op or condo building

When you buy a condo or co-op in NYC, it's important to do everything you can to find out how the building is run. After all, it’s is a big investment—so what are the secrets to a well-run building? What are the typical flashpoints between residents and how are they best resolved? These are some of the questions addressed in this week's podcast with real estate attorney Steve Wagner, partner at the Manhattan law firm Wagner, Berkow & Brandt (and a Brick Underground sponsor).
0:00
0:00
By Emily Myers | February 14, 2020 - 9:00AM 

When you buy a New York City apartment, it's important to do everything you can to find out how the building is run. After all, buying a condo or co-op is a big investment and you want to see that money is being invested in the building—or there could be assessments down the road. Buildings naturally deteriorate and depreciate, so if funds aren't being put in, it’s the equivalent of liquidating the business.

So what are the secrets to a well-run building and what are the typical flashpoints between residents and how are they best resolved? 

These are some of the questions addressed in this week's podcast. Real estate attorney Steve Wagner, partner at the Manhattan law firm Wagner, Berkow & Brandt (and a Brick Underground sponsor), speaks to host Emily Myers about some of his experiences both representing co-op and condo owners and as board president of his own 420-unit, co-op building. 

In handling shareholder requests, Wagner believes the best policy is to "try and get to yes." He prioritizes board transparency, encourages buyers to get as much financial information as possible about the building, and also has advice for anyone preparing for the all-important co-op board interview. 

Please do leave us a rating or review at AppleSpotify, or wherever you get your podcasts. We'd love to hear your feedback on this or any of our other episodes. Send us an email, sign up for our newsletter or follow us on social media @BrickU

 

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.
topics:

Subscribe to the podcast via the links above and please do leave us a rating or review. We'd love to hear your feedback on this or any of our other episodes. Send us AN EMAIL, sign up for our newsletter and follow us on SOCIAL MEDIA.

MORE FROM THE PODCAST ...
07.14.21

Finding a deal as NYC landlords pull concessions and raise rents

In this episode of the Brick Underground podcast, Adrian Savino, director of leasing and business development at Living New York, joins host Emily Myers to shed light on where the deals are for NYC rentals.
LISTEN
0:00
0:00
07.06.21

Trading your NYC apartment for a cheap(er) vacation

Mary Lowengard, a contributing writer for Brick Underground, shares her experience swapping her Upper East Side apartment for places in the U.S. and Europe. 
LISTEN
0:00
0:00
06.16.21

A guide to negotiating

Mike Walker, residential sales manager at R New York joins host Emily Myers for this guide to negotiating.
LISTEN
0:00
0:00