More needs to happen to regulate the storage of e- bikes and scooters . The Board at Gouverneur Gardens at the Lower East Side is a sleep on this issue . Your Thoughts
My co-op has radiators that do not have heat controls.
The heat can only be turned on or off by the maintenance staff. We were told we can either have it on or off. There is no middle.
The heat is unbearable in the winter so many shareholders have the heat turned off and have opted to use electric heaters, which I think presents a dangerous situation.
we have been told to leave the windows opened or the air conditioning on rather then have them shut the heat because they will not come back and forth to turn everyone's heat on and off, which I understand but their solution to the heat situation is unhealthy. Any suggestions on how we, the shareholders, can remedy the situation will be greatly appreciated.
Would like to hear anyone’s thoughts on the below:
- is it appropriate for a Super to hire a relative to be a porter so then a direct report?
- is it appropriate that a Super buys a unit even though the co-op pays for his unit? So either he flips the purchased unit or has a relative live in it? So then becomes an employee besides a shareholder.
- is it appropriate that a managing agent purchases a unit in a co-op and then flips it?
In the case of our 12-building co-op, the Cozy covers have now been installed in at least 80% of the units. Thus the Co-op has met the standard of the law and need not worry about being out of compliance. Despite that, as shareholders we agree that the board has the right to require Cozies to be installed in remaining units, if it so chooses. However, this would means requiring some shareholders to demolish thousands of dollars of custom woodwork and other installed renovations — shelves, cabinets, etc, and in one case, a wall. The board is saying that individual shareholders must bear the cost of demolition and replacement alone, and to accept the corresponding reduction in value of their units and the loss of habitability and enjoyment during this work. It is saying that individuals must find and contract for these changes and complete them by Jan 2023. Moreover, it has established a near deadline (July 1) for committing, beyond which shareholders will be fined. It threatens legal action against shareholders who do not meet these deadlines, and has refused thus far requests for a meeting with those affected. We regard this policy as a wildly inequitable special assessment on a minority of shareholders, requiring them to pay far more than their proportionate shares for a co-op–wide project. We hope that the board will reconsider granting exemptions to shareholders who can document their built-in renovations, saving the co-op as well the unnecessary expense.> Join the conversation
The board of my coop decided a couple of years ago to purchase radiator labs cozy covers on radiators. It was presented as a way of allegedly meeting nyc law 97, enacted in 2019 to set energy efficiency and emissions. But the cozy covers donot have any effect on emissions because the emissions come from the building boiler. At first, it was not mandatory but within the last month, the board approved a resolution to make it required for all shareholders. In a recent letter,left on all of our doors, the board has the right to withhold the resales,sublets and register of anyone who doesn't get the covers by July 1,2022. My question is under what law does this board have the right to impose any of these "pumishments" if one doesn't install the covers? I have been a shareholder since 1982 and never faced these types of bullying tactics.> Join the conversation Comments (1)
We did not used to have this but now, it seems, we do.
Basic UWS pre-war coop with no amenities. part-time doorman.
How normal is this?
the building has a debt-to-income ratio requirement of 19%; the combined monthly mortgage and maintenance costs should not exceed 19% of a buyer’s gross monthly income.
Does anyone have experience with a roof top solar farm as a revenue source.
Hi. My father was a Connecticut resident when he died. He had 2 Coops apartments in Manhattan, NYC. In his last will he left his children (My siblings and I) his shares in the two coops. We don't know where he saved his certificates of shares. We are dealing with the probate process in Connecticut.
What do we need to do to ask the Coops Boards to issue Certificate's duplicates ?
What will the Boards require?
Can the Boards refuse to issue the certificates duplicates or reject us as new shareholders?
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