The Financial Consequences of a Condo's Near Collapse
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The Financial Consequences of a Condo's Near Collapse
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When a loft condominium faced a potential collapse, residents were forced to vacate, revealing the financial and logistical challenges of such emergencies. Carl Cesarano, the accountant for the condo and principal at Cesarano and Khan, discusses the complex process of securing emergency funding, the importance of reserve funds, and the critical role of engineering assessments. Habitat’s Carol Ott conducts the interview.
Thanks for listening. Subscribe to this podcast for more stories on how New York co-ops and condos have solved a myriad of problems. Brought to you by Habitat Magazine, the "bible" that hundreds of board directors turn to every day!
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