Interesting timing given the recent article about somebody who died from falling bricks from their aging facade while sweeping their stoop[1].
The article didn't explain another wrinkle for old buildings that are designated as historical buildings with the NYC Landmark Preservation Commission[2]: any identified facade repairs must also be approved by LPC[3] which likely adds to the substantial burden on low(er)-income co-ops/condo corporations.
[1] https://www.nytimes.com/2024/02/13/nyregion/brooklyn-woman-b...
[2] https://www.nyc.gov/site/lpc/index.page
[3] https://www.nypap.org/preservation-history/new-york-city-lan...