Written by Kathryn Farrell on August 15, 2012
When the wind and rain of Hurricane Irene whipped across the Ocean Harbor View Apartments, a 56-unit co-op in Freeport, New York, on August 28, 2011, the massive storm did more than get the property wet: it flooded the laundry room and damaged three out of the eight machines within. It was not long afterwards that the seven-person board of the cooperative — located at 494 South Ocean Avenue and built in 1950 — decided it was time to turn a disaster into an opportunity. The room would be completely renovated.
June 06, 2012
Underneath the Stewart Franklin Condominium, a 48-unit cond-op on Long Island, big changes are brewing. The board there has undertaken a complete overhaul of the boiler room, tearing out its two old boilers and installing a modern heating and hot water system. It's a project that's slated to last all summer and wrap up just in time for the cold to set in.
Written by Tom Soter on May 29, 2012
It is almost a mantra with Fred Rudd, the president of Rudd Realty. "You must have a balanced budget," he says firmly, noting that many co-op boards and condo associations make the mistake of trying to balance the budget by raiding the reserves. "Because of that, when it comes to a rainy day, they don't have adequate funds to deal with the problems as they arise."
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