Category: Building Operations

You don’t need to go too far back to be reminded about energy conservation. Remember the stifling triple-digit heat in August? The power outages in Queens due to the strain on the distribution grids? And the annual call by public officia…

It’s never easy to get people to do what’s good for them. No one wants to exercise or take cough syrup or lay off the T-bone steaks, even if they know life will be better when they do. For years, it’s been the same way with energy conser…

When Mayor Michael R. Bloomberg took office in January of 2002, he inherited a city still reeling from the September 11th terror attacks—and had to fill the not-insignificant shoes of outgoing mayor Rudy Giuliani. Since then, Mayor Bloom…

For many people, their home is their greatest asset. Yet studies show that 59 percent of today’s homes are underinsured by an average of 22 percent. To protect their investment this hurricane season, homeowners should update their insura…

Any number of things can set off an insurance claim in a co-op or condo building. Someone can slip and fall in the lobby; there can be aesthetic damage from a construction project, or a leaky roof can cause major water damage— sometime…

Insurance sounds like a simple concept: you pay a premium to your insurer, and then when you file a claim, your insurer pays you. Simple. Insuring a co-op or condo building shouldn’t be much different than insuring yourself—just on a b…

Since they were first built, apartment buildings have been insured for disasters and unforeseen circumstances—the things nobody ever wants to happen, but has to admit are possible. Things like fires, floods, earthquakes and so on. In t…

Having insurance means having financial protection—protection from being financially crippled by having to pay excessive costs to rebuild a life or a home—or a whole building—when tragedy strikes. Just as individual homeowners h…

In 2001, the Amalgamated Houses co-op in the Bronx paid $287,000 in insurance premiums. The following June, when the existing policy terminated, the yearly tab rose to a staggering $427,000—an increase of almost 50 percent. And wasn’t …

Some of the world’s most valuable real estate exists in New York City, and the wealth doesn’t end with residential buildings and office space. In a city with so many people and so little space, a place to park your car can be priceless…