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!

Share Twitter Facebook Pinterest LinkedIn Tumblr Email

The Cooperator Events presents: Complying with Fannie Mae and Bank Guidelines for Funding Your Next Capital Project

A Virtual Town Hall Sponsored by: Czarnowski & Beer LLP

Looking up at the beautiful windows of a New York City Building. Construction scaffolding / elevator

Dealing With Major Façade Projects

In Co-ops & Condos, the “F” Word is “Façade”

People pick up jobs.Resume review, recruitment, employee search, HR, headhunting.Flat abstract vector illustration.

Choosing the Right Vendors

Tips for Overcoming Decision Paralysis

Maintaining Your Elevators

Regular Care Can Help Avoid Huge Replacement Costs

Beautiful fireplace room in classic style

Big Design Projects Coming?

Start Planning Now

Asia worker installing tar foil on the rooftop of building. Waterproof system by gas and fire torching

Roof Replacement 101

A Project Too Vital to Put Off

News

11/20/2024 Toll Brothers JV to Develop NJ Condo Community - Multi-Housing News

Toll Brothers City Living, together with Daiwa House, are set to develop a 73-unit luxury condominium community in West New York, N.J. Toll Brothers will remain in charge of the day-to-day operations upon completion.
Read full story

11/15/2024 Red Hook condo owners sue developer, lender over construction defects, fraud - Real Deal

Residents at a troubled Red Hook condo are suing the developer over alleged construction defects and misappropriation of funds.
Read full story

11/13/2024 What co-op and condo boards need to know about the federal Corporate Transparency Act - Brick Underground

Time is running out for New York City condo and co-op boards to comply with a federal law meant to target money laundering.
Read full story

11/11/2024 N.Y. Woman Transforms Her Ordinary Condo Unit into a Medieval Castle: 'My Dream Home' - People

One New York woman is currently residing in her "dream home" — a replica of a medieval Irish castle! "I always dreamed of living in an old, dark wooden church, or, of course, an actual castle, but there are none to be had, so I decided to build one," Chris McNamee tells PEOPLE exclusively of her condominium unit on Long Island.
Read full story

11/7/2024 Who Owns the Block: Historic hotel hopes hybrid model spurs comeback - Crain's

One of the many hotels to be wrecked by the pandemic is attempting a comeback with a nod to a neighbor and the past.
Read full story

11/4/2024 The creative ways NYC’s avid cyclists store their bikes in their apartments - Brick Underground

New York City apartments can be so cramped some residents have trouble even fitting a bed inside. Yet somehow, the city’s most dedicated cyclists find room to keep their bikes inside (yes, multiple bikes).
Read full story

10/31/2024 A $40.5 Million West Village Condo Led Manhattan Housing Market Last Week - Mansion Global

Manhattan’s luxury real-estate market is seeing an uptick in activity, with 26 contracts signed for homes priced at $4 million and above during the week ending Sunday, according to Monday’s report from Olshan Realty.
Read full story

10/29/2024 Qatar splurges on plush $9.8M Greenwich Village condo — in latest NYC real estate power move - NY Post

The deep-pocketed Qatari government has expanded its already vast NYC real estate portfolio with the acquisition of a $9.8 million condo in the heart of Greenwich Village. Located at 64 University Place, the luxurious 2,600-square-foot residence is a small but significant addition for the Middle Eastern nation, known for its substantial investments around Manhattan.
Read full story

10/24/2024 NYC Lost $6.5 Million to Incorrect Tax Breaks for Condos, Co-Ops - Bloomberg Tax

New York City’s Department of Finance improperly gave tax breaks to hundreds of condo and co-op owners that didn’t qualify for the benefits, according to a new audit by city Comptroller Brad Lander.
Read full story

10/23/2024 Rudy Giuliani Is Ordered To Hand Over $6.5 Million New York Apartment to Georgia Election Workers He Defamed - Realtor.com

Disgraced former attorney Rudy Giuliani has been ordered by a judge to hand over his $6.5 million Manhattan apartment to two Georgia election workers who successfully sued him for defamation. Giuliani, 80, who previously served as a lawyer for presidential candidate Donald Trump, has been instructed to turn over his New York City home and all of his valuable possessions to Ruby Freeman and Shaye Moss, to whom he owes $148 million in damages.
Read full story

10/22/2024 3 key reasons why the owner vs. renter ratio matters when buying a NYC condo or co-op - Brick Underground

If you’re looking to buy a New York City condo or co-op, you might find yourself unknowingly considering a building where investors own—but don’t occupy—many of the other units. But that means you and your attorney have a lot to consider before you sign on the dotted line.
Read full story

10/14/2024 Exclusive: Hugh Jackman Makes Second Attempt to Sell ‘Spectacular’ Triplex Condo for $39 Million—One Year After Shock Divorce - Realtor.com

Hugh Jackman is making a second attempt to sell his $38.9 million “masterpiece” New York City apartment, two years after his first attempt to offload the triplex property failed.
Read full story

10/11/2024 Insurance honcho unloads High Line condo for about what he paid - Crain's

A global insurance executive has left the High Line. The three-bedroom at the Zaha Hadid building traded for $7.8 million.
Read full story

10/8/2024 Loft for Sale in a New York Building That Featured in ‘The Devil Wears Prada’ - Mansion Global

This grand loft-style condo is in a SoHo building, on Crosby Street in New York, that had a starring role in the 2006 film “The Devil Wears Prada,” serving as the sexy downtown bachelor pad of the fictional designer James Holt.
Read full story

10/4/2024 Rudy Giuliani Cuts Nearly $1 Million off His New York Condo - Mansion Global

In a rush to offload his Manhattan home, Rudy Giuliani has dropped the asking price by nearly $1 million. The former New York mayor is at risk of losing the Upper East Side condo, among other assets, to settle a defamation lawsuit filed by two Georgia election workers.
Read full story

10/3/2024 Why Owning (and Buying) a Florida Condo Has ‘Turned Into a Nightmare’ - New York Times

Ten years ago, Howard and Sheila Konetz bought themselves a Florida dream: an 1,820-square-foot condo in a leafy gated community north of Miami, complete with access to a country club, tennis courts and swimming pools. The $478,500 purchase would usher them into blissful semiretirement, they thought. With enough cash in the bank, the couple didn’t need a mortgage and downsized from their house in Miami Beach.
Read full story

10/2/2024 Food Network chef selling NYC home in iconic building with ‘million-dollar view’ - NY Post

Food Network champ, TV personality and cookbook author Chef Priyanka Naik is listing her Kips Bay home for $1.35 million. The one-bedroom, one-bathroom corner unit is located at VU New York, a new construction luxury building featuring views of the Empire State and the Chrysler Buildings.
Read full story

9/27/2024 Warwick Hotels honcho snaps up a condo by Central Park - Crain's

Richard Chiu, who founded the hotel group in 1980 in Midtown, paid $17 million.
Read full story

9/26/2024 Reality TV star broker Fredrik Eklund snags $3.35M NYC condo: ‘This will be one of downtown’s ‘it’ buildings’ - NY Post

Reality television star and real-estate broker Fredrik Eklund has purchased a $3.35 million condo at 64 University Place, according to city Department of Finance records filed this week. The under-the-radar, new-construction building comes with 28 units and sold out, off market, sight unseen “pretty immediately,” said Eklund, a top broker with Douglas Elliman.
Read full story

9/25/2024 Midtown’s first FHA-eligible luxury condo hits market - Real Deal

The Perrie, Midtown Manhattan's first new-development condo eligible for FHA mortgages, welcomes buyers who can't put 20 percent down.
Read full story

Show more news