Unique land co-ops in NYC involve shareholders owning house structures and co-ops owning land. Boards govern with shared responsibilities, navigating alterations and governance challenges.
Unique land co-ops in NYC involve shareholders owning house structures and co-ops owning land. Boards govern with shared responsibilities, navigating alterations and governance challenges.
CNYC supports proposed legislation for tax credits on projects reducing carbon emissions in cities, and highlights flood history reporting requirements.
Local Law 97 compliance can be complex. Building Information Modeling (BIM) offers virtual models to assess energy-efficient solutions, tailored by complexity.
Smart sensors and software detect water leaks in New York co-ops and condos. Cost for a typical deployment is around $10,000-$12,000 plus a $2/month per sensor monitoring fee. Potentially helps with insurance concerns.
The co-op, condo, and HOA sectors are experiencing significant technology disruption, enhancing efficiency and automation in management tasks. New software streamlines operations, offers real-time data, vendor access, and eases tech adoption through education and training.
Boards should proactively gather information about refinancing underlying mortgages, even before exact borrowing needs are known, to secure optimal terms and avoid delays. Expert advice is crucial.
Create a building roadmap with a life-cycle analysis, prioritize projects, and explore financial options for compliance, transparency, and cost-effectiveness. Communicate decisions with stakeholders.
A cost-reduction service offers free second opinions to co-op and condo boards, identifying potential savings in ongoing operations or specific projects, with a contingency-based fee structure for shared savings.
Construction projects in New York City face delays and complications when neighboring buildings resist signing access agreements, demanding high fees or holding grudges, causing costly setbacks and suggesting the need for an "access court" to streamline the process.
White-glazed brick with aging glaze can develop spider cracks called crazing, compromising waterproofing and safety. A co-op replaced white-glazed brick with red brick to avoid costly repairs and improve insulation.