Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, one of the world's richest condominiums has a big, circular driveway it won't let limo drivers use. Why should it? The NYPD looks the other way as a half-dozen or more limos idle daily in a no-parking zone, spewing fumes to other, less connected buildings. Very nice, 15 Central Park West. Meanwhile, rent-controlled seniors in a co-op are forced to evict their son, and a co-op board president admits that people were ahead of him in line when he took a four-bedroom apartment at the affordable-housing East Midtown Plaza. He doesn't have six people in his family like City rules say, but so what? He's just practicing to be the kind of people who live in 15 Central Park West.
Written by Aparna Narayanan on July 18, 2013
It was a hot subject. Indeed, the chillers were heating things up at 135 Montgomery Street in Jersey City, raising some temperatures among the 200 shareholders at this 21-story co-op.
Built circa 1963, the building relies upon a chilled water system for air-conditioning. The original electric chiller required replacing with a new gas-fired one in 2009. Then Hurricane Irene struck in 2011, flooding the ground-floor mechanical room and destroying the newly installed chiller it housed. The building bought new ones... again.