The Financial Consequences of a Condo's Near Collapse

Problem Solved! For Co-ops and Condos

Problem Solved! For Co-ops and Condos
The Financial Consequences of a Condo's Near Collapse
Oct 15, 2024 Season 2 Episode 22
Habitat Magazine

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.

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