Who is the property manager? This sounds very amateur.
Had this happen at my old condo - a copper hot water main in my entrance closet. They sent a plumbing co. to patch the pipe immediately then replace the piping a week later. A restoration company followed up to dry it out and replace the drywall (much less water than your situation by the sounds of it). I didn't put up a cent for any of the fixes - the mechanical is your building's responsibility.
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