News & Articles
Tips for Surviving an Elevator Shutdown
Cases of elevator shutdown are certainly becoming much more common, as the boards of condos and coops rush to install mandatory door lock monitors before the deadline arrives in January 2020. Due to the intensive work required, many boards opt ...
The Benefits of Real-Time Cost Monitoring
Recently, one of our prominent co-op clients embarked on a massive 5-year capital-improvement project with a projected outlay of about $40 million. To get on with the project, which essentially involves rebuilding the facades, windows and doors...
Size Matters When It Comes To Steam Boilers
The use of steam boilers to heat our homes is not anything new. Powerful steam boilers have been in existence since the early 19th century, when they were the leading heating equipment for most buildings. So dominant were the boilers that one c...
Tools to Meet Carbon Targets
Unless you live under a rock, you’ve probably heard the (often heated) debate about global warming and climate change, and how our lives will be affected. And while the federal government is still deliberating on whether or not global warm...
The New Rules Doesn’t Seem To Stop Coming
Owning or managing a condo, or co-op building in New York is quite harder than what most people think. This is mainly due to stringent laws imposed by various authorities. Notably, one of the new laws requires condo owners, and co-op boards ...
A Season For Every Roof Job
All you need to replace your old roof is a new roof, right? Well, not really - roof replacement is not as straightforward as it appears. For instance, a contractor was recently hired by an affluent condo board to undertake a million-dollar...
New Tenant Protections Likely to Be Felt in Condos & Co-ops
On 14th June 2019, the Governor of New York, Andrew Cuomo, assented to the Housing Stability and Tenant Protection Act of 2019, which came to be known as universal rent control. While the law primarily seeks to regulate the city's vast res...
Long-Range Planning Helps Boards Avoid Sticker Shock
The sheer size and stature of buildings can give the impression that these structures are indestructible. However, this is not remotely true. Just like our bodies, cars and machines, a building’s structure can also be compromised over time...