Condo Crisis: $550K Facade Job Balloons to $1.2M

A cautionary tale of facade repairs at an Upper East Side condo, where initial estimates of $550,000 ballooned to $1.2 million after engineers discovered insufficient brick ties during Local Law 11 inspections. Maxwell-Kates SVP Josh Holzer shares how the board navigated this crisis through refinancing, staff reductions, and a contractor payment plan. Habitat's Emily Myers conducts the interview.How To Run Your Building: For Co-ops and Condos