A capital improvement plan is a multi-year schedule of a building's major repairs and replacements, paired with the cost estimates and funding strategy to pay for them. For a New York City condo, co-op, or rental, it is the document that turns a roof nearing …
This article is for informational purposes only and does not constitute legal, financial, or compliance advice. Owners and boards should confirm requirements with the NYC Department of Buildings or a qualified professional. Local Law 97 penalties are now a live operating cost, not a future threat. …
The 10th cycle of the New York City Facade Inspection Safety Program is now active. Sub-Cycle 10A opened on February 21, 2025, and the full five-year cycle runs through 2029. For owners and boards responsible for buildings taller than six stories, Cycle 10 controls when …
Hiring a property management company in New York City is not a routine vendor decision. The firm a board or owner selects will influence financial reporting, building operations, regulatory compliance, capital project execution, and resident relationships for years. The wrong choice can show up as …
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