Category: Building Operations

Design My Green Heaven
2003 Mar My Green Heaven

When someone says the words "tree-lined street," what comes to mind? Whatever you're envisioning, chances are it's easy on the eyes and the spirit. The phrase connotes a certain placid, upscale sensibility, which can translate neatly into…

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Finance A Taxing Situation
2003 Feb A Taxing Situation

The city has been buzzing in recent months over Mayor Bloomberg's historic 18.5 percent property tax hike and what it will mean for property owners throughout the five boroughs. The tax hike comes hard on the heels of serious increases in …

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Management What's In a Name?
2003 Feb What's In a Name?

Lots of co-op and condo buildings in the city play host to one or more permanent guests on their ground floors; sometimes it's a mom-and-pop hardware store, or maybe a row of sleek, upscale boutique clothing stores. Humble or haute, commer…

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Finance Going Private
2003 Dec/Jan Going Private

In increasing numbers, residential developments constructed under New York's Mitchell-Lama housing program are considering the option to privatize - or "buy out" of the program - when they become eligible to do so. Understanding this tre…

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Design Paying for Interior Design Work
2003 Dec/Jan Paying for Interior Design Work

Interior design in public spaces - like the lobbies and corridors of co-op and condo buildings - involves more than just the art of coordinating paint, wallpaper and fabrics. Public spaces require that the health, safety and welfare of the…

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Finance Feeling the Burn
2003 Dec/Jan Feeling the Burn

On the morning of December 2, Mayor Michael R. Bloomberg signed an 18.49 percent property tax increase into law, the largest such increase in city history, but much lower than the 25 percent he originally proposed. Regardless of wheth…

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Design Everything But the Kitchen Sink
2003 Dec/Jan Everything But the Kitchen Sink

Kitchens and bathrooms are the hardest, most expensive rooms in an apartment building or business - especially in Manhattan - to install, renovate or remodel. A variety of skills, trades and materials come into play; the job requires extra…

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Finance Estate Planning
2003 Dec/Jan Estate Planning

The death of a loved one not only brings grief and sorrow, but an agonizing pile of paperwork to tend to and affairs to get in order. For residents of New York City, it also means figuring out the fate of the deceased's co-op or condo apar…

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Finance The 80/20 Dilemma
2003 Dec/Jan The 80/20 Dilemma

Picture this: the mom-and-pop dry cleaner that has inhabited your building's ground floor retail space for years is moving out and a broker tells you that an upscale clothier wants the space for triple the rent. Or perhaps one of the many …

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Finance Flippin' Out
2003 Dec/Jan Flippin' Out

As buildings age, they inevitably need repairs and capital improvements - a boiler needs replacing, the façade needs repair, or the outdated lobby can use a facelift - to name a few. For cooperative buildings with healthy reserve funds, t…

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