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After the Great Recession, this complex in was purchased by an individual in 2010 and converted into condominiums. Significant capital investment was needed for it to thrive. Once most units were sold, governing documents were created, and a Board was established. Darren Rogow became an active member of the Board and with their approval implemented long-term plans focusing first on life and safety.
Under Darren's leadership, the Board hired structural engineers and collaborated with the local municipality to redesign the complex’s aging balconies. They also addressed deteriorating brickwork, sidewalks, renovated the pool and equipment, and updated the aesthetics.
These improvements were achieved over 7-8 years through careful capital management and monthly due rate analysis. Units that were valued between $85,000 and $110,000 from 2014 to 2017 are now trading in the mid-to-high $170,000’s, with a dedicated Board and residents committed to ongoing investment in the complex.
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