News

A Condo Building Couldn’t Collapse in NYC. Or Could It?

July 20, 2021 – Media Mention
The Real Deal

Herrick partner Deborah Koplovitz was quoted in The Real Deal in an article about condominium and cooperative building safety. Deborah said that a shift in mindset is needed among high-rise residents in concern to building repairs.

The article states that Deborah explained, "There’s an 'intellectual gap' between owners of single-family homes, who know to expect ongoing maintenance costs, and unit owners, who often try to escape new maintenance charges." 

"You end up being penny-wise," Deborah said, adding that "[t]hen you get stuck with a giant, multi-million-dollar project."

Read the full piece in The Real Deal here. Access may require a subscription.