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Here's the listing for the above unit:
http://www.trulia.com/property/3002097063-2077-Center-Ave-Fort-Lee-NJ-07024
The co-op still can't sell the unit for the hugely discounted $770,000 price after paying over a million to buy it.
And, don't forget all the residents are forced into underwriting the "unpaid" maintenance and taxes for the vacant unit owned by the co-op because of the Board's actions or inactions.
Do you think a $300,00 loss (if they even sell it) a multi-year payment of taxes and underlying building maintenance and legal fees are worth it? And the building has been "holding" the apartment for 2-1/2 years with no buyers in sight. Let's see -- maintenance + taxes at perhaps $4,500 a month for 30 months is another $135,000 out the window.
Do you think the board acted properly and discharged its fiduciary duties properly?
What is your judgment?
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Ensure there is a paper trail for your complaint. If you didn't write one before, then document the first day that you complained in the new letter. Send letter to: managing agent, president of board and co-op attorney. Be clear, be forthright, be complete, etc. And ask for a written response as to "When will the identified leak be repaired in its entirety?
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