Most co-ops and condos have a fairly simple financial formula of expenses being matched to revenue. But when a catastrophic event occurs, this calculation explodes. You recently dealt with this at one of your buildings, which you had to bring back from the brink. 

This co-op is located on the Upper West Side with approximately 150 apartments and four retail spaces. Its annual budget is about $3.6 million, of which $1.3 million is generated through store rental revenue. Obviously when the pandemic hit, it was a major shockwave and all the retail tenants stopped paying rent. So it pretty much was a seismic event.