Written by Jennifer V. Hughes on December 17, 2014
Even though leaks can be pervasive and costly, savvy condo and co-op boards can get something for nothing. "It's a no-brainer," says Steve Greenbaum, director of property management for Mark Greenberg Real Estate. When MGRE managed Clinton Hill, a 1,200-unit, 12-building complex in Brooklyn, the co-op conducted a water survey. (Clinton Hill is currently managed by AKAM Associates.)
Greenbaum is talking about a long-running but not heavily promoted program simply called the Residential Water Survey. Sponsored by the New York City Department of Environmental Protection (DEP), it began in 1991 when the state was looking for ways to conserve water and now exists as one of the best (if not the best) un-promoted programs that can save your property money.