The Benefits of Reserve Studies What They Are, Why They Matter

By Cooperator Studio 27 April 2017 Finance Maintenance

A quick word on the importance of reserve studies.

What's a reserve study, and why should your building or HOA conduct them regularly? Find out why they're a crucial part of your community's financial, mechanical, and structural health!

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Overpriced units piled up in Lower Manhattan after mistimed development influx.
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Even by New York City standards, the past decade has been a volatile one for Manhattan real estate, from the aftermath of the subprime mortgage crisis, through a deadly pandemic, and into a period of excessive rents and interest rates. It’s tempting to step back and think that buying a home in Manhattan has never been harder.
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The 2019 Housing Stability and Tenant Protection Act changed the rules around rental to condo/co-op conversions. Before the law, existing tenants had to agree to buy 15 percent of the units for the conversion to move forward. The HSTPA bumped that threshold to 51 percent. The number of conversions quickly plummeted.
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As the chef at 10 Cubed in New York City, Nduvo Salaam prepares dishes that blend his African-Caribbean roots with classic French technique on the 100th floor of Central Park Tower — one of the tallest residential buildings in the world.
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