The Princely Payoff of Preventive Maintenance
The buildings were unique for being a high-density rental community in what was then considered the suburbs. In the 1980s, five of the six-story buildings converted to a single 120-unit cooperative; the other nine buildings, with two different owners, remain rentals. Today, a proactive co-op board, keen to keep on top of repairs and upkeep, has charged president Matthew Ferraro with investigating the buildings’ physical condition, to see if he could anticipate the need for future work. Ferraro’s added value? He’s an architect by day. Read the article………….
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