Co-op Management in Yonkers, NY
Yonkers has one of the most established co-op landscapes in Westchester. The city has a substantial stock of pre-war and mid-century cooperative buildings, particularly in the city's older residential neighborhoods. We provide co-op management services in Yonkers, NY with the same straightforward approach we've used across Westchester since 1988.
Yonkers co-op buildings are mostly older mid-rise structures with substantial building-wide infrastructure to maintain — roofs, mechanicals, façades, lobbies, parking. Boards here oversee share transfers, audited financials, the underlying mortgage, building staff, and reserve planning. Reserve planning is critical because many older co-op buildings are now hitting their second or third major capital cycle. Boards in Yonkers co-op communities are often experienced shareholders who want managers who handle vendor accountability, financial reporting, and Board package processing reliably.
Our Co-op Management Services in Yonkers, NY.
Most Yonkers co-op corporations need the same mix of services — administrative, financial, and maintenance. Here's how we handle each.
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Helping the Board effectively govern the cooperative corporation, including facilitation of Board and shareholder meetings.
Aiding the Board's selection of appropriate insurance coverage (building, D&O, umbrella).
Processing share transfer applications, Board approval packages, and refinance requests.
Maintaining corporate documents, proprietary leases, and shareholder records.
Effectively communicating with shareholders and addressing their issues.
Providing timely responses to emergencies through a 24/7 emergency call line for after-hours issues.
Enforcing house rules and proprietary lease terms fairly and consistently.
Helping the Board cultivate a strong sense of community among shareholders.
Building strong relationships with vendors and contractors.
Tracking sublet agreements and house rules compliance.
Coordinating with prospective buyers, attorneys, and lenders during share transfers.
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Performing all bookkeeping and corporate financial records.
Maintaining operating, reserve, and other corporate accounts.
Creating and assisting the Board with the annual operating budget.
Billing maintenance fees, tracking receivables, and notifying shareholders of outstanding balances.
Receiving, reviewing, and paying vendor invoices.
Providing monthly financial statements and operating reports to the Board.
Coordinating the corporation's underlying mortgage and refinancing as needed.
Assisting the Board in long-term capital planning through reserve studies.
Aiding the corporation in assessment planning and financing of large capital projects.
Working with the corporation's CPA on annual audited financial statements and tax returns.
Supporting lender questionnaires (Fannie Mae, FHA) required for unit financings.
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Provide access to our internal handyman to tackle projects of varying sizes in a timely manner.
Review, bid, and help the Board select all building vendors — including elevator service, mechanicals (boiler, HVAC, plumbing), façade and roof contractors, landscaping and snow removal, building cleaning, and security.
Oversee in-house building staff (superintendent, porters, doormen) — scheduling, performance, and HR support for the Board.
Receive, track, and manage all shareholder service requests and vendor work orders.
Perform regular inspections of the building and common areas, and advise the Board on conditions and priorities.
Create RFPs, bid, and manage large capital projects including façade work, elevator modernization, and mechanical replacements.
Why Partner with Katonah Management Services, LLC
Local to Westchester since 1988 — We're based in Yorktown Heights. We know the county, we know the vendors, and we know what Yonkers communities expect
Every request tracked, every item closed out — resident emails and calls are logged in our management system, assigned an owner, and closed with documentation promptly.
Tailored management plans — built around your governing documents, reserve study, and board priorities, not a templated service tier.
Dedicated customer service line — Resident calls go to a staffed department, not a manager’s voicemail.
Vetted vendor network — Every vendor is competitively bid, fully insured, and held to performance standards your board can verify
Looking for a co-op management partner in Yonkers?
If your Yonkers co-op is looking for a management partner that understands your community and delivers on its commitments, we'd like to hear from you.
REQUEST A PROPOSAL
Related to Co-op Management in Yonkers, NY
Looking for co-op management in a nearby town, or a different service type for your Yonkers property? Here's where else we work.
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Westchester County overview → See all towns we serve across the county