Behind the Chaos of NYC Building Transitions

What do you do when a building is completely gutted by fire and insurance doesn't cover the full rebuild? Or when a sponsor-managed property leaves residents without gas and a new board drowning in hidden compliance violations? Adam Reisman, president of client services at MD Squared Property Group, and Josh Koppel, president at HSC Management, walk listeners through two extraordinary management transitions with lessons for every co-op and condo board. Koppel's account of a vacant Yonkers building with a $20 million rehabilitation spiraling beyond budget offers a masterclass in what gets overlooked during crises. Reisman's East Village takeover exposes how long boards wait before making the tough call to switch management. These are cautionary tales about transparency, red flags, and knowing when to act before small problems become expensive disasters. Habitat’s Emily Myers conducts the interview.How To Run Your Building: For Co-ops and Condos