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NYC managing agents weigh in on how their buildings are doing
They say apartment complexes are in better financial shape than they were a few years ago, but are still watching their pennies
From the October issue: They are the gatekeepers of New York City’s residential buildings. And as such, they have a front-row seat for the financial ups and downs — of which there are plenty in this post-recessionary climate — that the city’s residential buildings are experiencing. This month, The Real Dealtalked to the managing agents that make sure New York City’s co-op, condo and cond-op buildings run smoothly. What we discovered is that while the majority of buildings are in far better financial shape than they were during the downturn, most are still watching their pennies. [more]