Six Buildings, 400 Shareholders and One Big Facade Decision

When a Jackson Heights co-op’s FISP deadline landed just before its mortgage came due, Evangelos Fantakos, managing member and CEO of Highrise Property Management, helped the board map a way through. He walks through how the board tackled an $8 million facade project across six buildings and the financing decision that shaped everything else. Fantakos shares why delaying the work was tempting, and how town halls kept residents informed as the numbers got uncomfortable. Habitat's Emily Myers conducts the interview.  How To Run Your Building: For Co-ops and Condos