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From building repairs and maintenance, energy upgrades, insurance, lobby redesigns, accounting and financing - the challenges facing co-op and condominium board directors are endless. In this series, Habitat Magazine editors interview New York City experts to learn how problems have been solved at their client co-op and condo buildings. We take a deep dive into the issues being confronted, the possibilities for solutions, the costs, the challenges, and the outcomes. Habitat Magazine, founded ...
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It takes a motivated board — or at least one motivated board member — to jump-start energy reduction projects. That describes a Bronx board president, who not only wanted to improve his building’s energy performance but also wanted to reduce the operating costs for shareholders. Thomas Morrison, director of energy management at the engineering firm…
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Unforeseen problems, delays, cost overruns — elevator repair jobs rarely go off without a hitch, which can cause big dents in a building's repair budget. In today’s episode, Donald Gelestino, president at Champion Elevator, shares two cautionary tales that offer the same lesson: When tackling elevator repairs, you’d be wise to expect the unexpected…
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When it comes to managing co-op and condo finances, boards can’t afford to be complacent — yet, some are. Take the case of one New York co-op, which found itself owing $300,000 in real estate taxes and water and sewage bills due to negligent management. Avi Zanjirian, a partner at the accounting firm Czarnowski & Beer, is here to tell the cautionar…
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When a condo is governed by a board with competing interests, getting things fixed can be slow going. At one such Manhattan condo ongoing water infiltration from a public plaza was compromising structural integrity of a below grade parking garage. Figuring out what needed to be fixed and getting the approval from owners with different interests and…
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Between high inflation, rising expenses, and the lingering effects of the pandemic, it’s never been harder for co-op and condos to balance their budgets. Carl Cesarano, principal at the accounting firm Cesarano & Khan, explains how boards can navigate today’s challenging landscape — whether negotiating commercial leases, refinancing the mortgage or…
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There are countless buildings in New York City that owe their elegance to terracotta. Caring for it, though, has grown more complicated and expensive in the past few years. Richard Koenigsberg, the founder and president of Koenigsberg Engineering, explains why this is so and what to expect if terracotta is on your building. Richard Koenigsberg is i…
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It’s much more difficult for co-ops and condos to get a good general liability insurance policy today. There are fewer carriers, coverage is shrinking and price tags are growing. In this episode, Jonathan Steward, vice president at OSA Insurance Brokerage Services, explains what co-op and condo boards need to do to find an affordable carrier in thi…
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When apartment residents have to wait 15 to 20 minutes for hot water to reach them, it’s not only a nightmare but it’s wasteful and expensive. In this episode, Peter Varsalona, principal and vice president at RAND Engineering & Architecture, outlines the fix at one Manhattan condo to recirculate the water at a faster pace and cut costs in doing so.…
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A Westchester condo thought it had an insurance deal from a new carrier. But after the carrier inspected the property, it decided the physical conditions weren’t up to snuff and it wanted to walk, leaving the condo in the lurch. In this episode, Jason Schiciano, co-president at Levitt-Fuirst Insurance, explains what happened next, and offers some w…
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Detecting the source of water leaks on building roofs and exterior walls can sometimes be more difficult than fixing the problem. But Akaash Kancharla, chief executive at aRoboticsCompany, has some good news for co-ops and condos — a new generation of sophisticated robotic machines that can pinpoint air and water leaks in buildings for far less tha…
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It’s no surprise that it’s hard to keep up with programs and subsidies involving solar energy; the industry changes so fast that it’s jokingly referred to as the solar coaster. In this episode, Russell Wilcox, founder and CEO of the solar developer Urban Energy, describes “Behind the Meters,” a configuration that flows electricity directly to apart…
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Among the many financing decisions facing co-op and condo boards, refinancing the property's underlying mortgage — which is typically done to pay for capital repairs — is one of the most challenging, and complicated. In this episode, Harley Seligman, senior vice president at the National Cooperative Bank, sheds light on the biggest misstep boards m…
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It may seem counter-intuitive, but co-op and condo boards can save money by doing major building repair projects back-to-back. Leon Geoxavier, senior project manager at Howard Zimmerman Architects, and Evan Petkanas, president of STONE Engineering & Architecture, are here to tell us how one building facing both a roof replacement and facade repairs…
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When it comes to property insurance, co-op and condo boards can’t be too careful about making sure they are adequately protected. In this episode, Gina Corso, business account manager at the insurance firm Mackoul Risk Solutions, tells the story of how one oceanfront condo discovered its carrier didn’t cover its beachfront exposure — and had to scr…
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Brace yourself for the next cycle of New York City’s facade inspection program, because projects are becoming top heavy with soft costs. Take the initial inspection. In the past that could cost a 15-story co-op or condo $9,000, now it’s anywhere from $31,000 to $53,000. That’s only the start, and you haven’t even replaced one brick. In this episode…
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It’s not just unsightly — the brown water coming out of the taps in your building contains particles and sediment that can damage everything from your basement boilers all the way up to your rooftop water tank. In this episode, Spencer Kraus, vice president of Fred Smith Heating & Plumbing, explains how to stop brown water at the source before it d…
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Location is everything, as they say, and that includes doorman stations. In older co-op and condo buildings, they are often situated in places that make the doorman's job a lot harder, especially when the doorman is also responsible for accepting packages. In this episode, Marilyn Sygrove, president of Sygrove Associates Design Group, shares how on…
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If you’re concerned about your building’s energy use, and particularly if you want to lower it, you’ll need to pay attention to its systems. Not just when something breaks, but all the time. Technology can do that, allowing data to be collected so that systems can be adjusted and monitored for performance. Darren Johnson, account manager at Bright …
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To meet the high cost of maintaining condo properties, boards often have to make the hard choice between borrowing money or imposing assessments on unit-owners. Either way, there are decisions of fairness to consider and important operational details to work out. In this episode, Mohammed Salyani, a principal at the accounting firm WilkinGuttenplan…
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One of the most controversial projects a co-op or condo can do is to redesign its lobby. One person likes green, another likes blue. One likes marble, another likes wood. Even if everyone can agree on the redo, last minute changes can cause tumult. On today’s episode, Louis Lipson, senior associate at the architecture firm Ethelind Coblin, shares t…
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Roof space can be a lovely amenity in a co-op or condo, but it can also be used for solar to reduce your building’s carbon emissions. Tina Larsson, co-founder and CEO of the Folson Group, a business consultancy for co-op and condo boards, shares how an Upper East Side co-op in Manhattan managed to do both by making every square foot count. Tina Lar…
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In New York City, Con Edison steam is the most expensive form of heating and cooling buildings. Co-ops and condos are choosing to go from steam to natural gas and electricity not only to slash their energy bills, but also reduce carbon emissions and avoid paying fines under the city’s Climate Mobilization Act. Michael Scorrano, managing director an…
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Whether it’s caused by aging facades, construction defects, faulty pipes, or a roof that needs replacing, water leakage is a common problem for many co-op and condo buildings. Repairs need to be done quickly, but what’s a board to do if the leaks are caused by more than one issue? In this episode, Douglas Lister, president of the architecture firm …
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As part of New York City’s Climate Mobilization Act, Local Law 97 places carbon caps on most buildings. Co-op and condo buildings are taking a close look at how to reduce their building’s energy consumption and carbon footprint — without going broke in the process. In this episode, James Hannah, managing director at Parity, an AI-driven energy mana…
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