1997 Feb
Focus on... Management/Board Relations

Maintenance
1997 Feb Clean Chutes and Ducts

Michael Radomsky, on-site manager of a 16-unit prewar cooperative on Park Avenue, was hearing complaints from the residents about unpleasant cooking odors on the landings. To handle the building's problem, Radomsky put matters into the ha…

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Management
1997 Feb Your New Management Company

Any major change takes some getting used to and hiring a new management company for your co-op or condo is no exception. Even though you're anxious to ring out the old, you can't help but be a little apprehensive about whether the new com…

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Buying & Selling
1997 Feb Consider a Building's Fiscal Health

One of the most important issues in deciding if a cooperative or condominium apartment is a wise investment is the financial status of the building itself. The key document that potential buyers should review is the annual financial state…

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Finance
1997 Feb Tax Abatements Are Good News,

The City of New York, in its infinite wisdom, has classified properties into various categories. Class one properties consist of one-, two- and three-family homes and class two properties are multi-family residential properties including …

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Finance
1997 Feb New Ruling on IRS 277

Cooperative housing corporations are not exempt from income taxation. Like any other taxpayer, a housing cooperative must pay tax on its taxable income, i.e., its gross income less allowable deductions. Not all amounts that would seem to …

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