How One Board Turned A Setback Into A Success
How To Run Your Building! For Co-ops and Condos08/13/24 • 11 min
A bundle of projects at a downtown condominium was humming along smoothly - until they weren’t. A problem was discovered with the building’s vault which drove up expenses and suddenly costs exceeded what the board had raised for all the projects. Add in a hallway and lobby re-do, and suddenly trouble was brewing. Ira Meister, President of Matthew Adam Properties, shares the story of how the board overcame a shortage of funds and an obstructionist subletter. Meister is interviewed by Habitat’s Carol Ott.
How To Run Your Building: For Co-ops and Condos
08/13/24 • 11 min
How To Run Your Building! For Co-ops and Condos - How One Board Turned A Setback Into A Success
Transcript
Carol Ott: Welcome to Inside Track, a conversation with New York's leading property management executives. I'm Carol Ott with Habitat Magazine, and my guest today is Ira Meister, president of Matthew Adam Properties. Raising money for building projects is always a complicated process. It's not uncommon for several types of projects to be lumped together.
That's what happened at a condominium on the Lower East Side of Manhattan. Ira, you have managed this loft conversion
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