New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

BRICKS & BUCKS


BUILDING PROJECTS IN NYC CO-OPS/CONDOS

Take a peek behind the facades of New York’s co-ops and condos to find out who's fixing things up, and how much it costs? Articles in this section cover dozens of individual projects in co-ops and condos all over New York City. Learn how NYC co-op/condo boards met the challenges of the fix-up, and how you can use their experiences to smooth out yours.

Are you doing capital improvements at your co-op or condo? Email kfarrell@habitatmag.com or emyers@habitatmag.com to have your project included in our column.

Co-ops and condos have an opportunity to showcase high-efficiency cold-climate heat pumps thanks to a $10 million NYSERDA initiative.

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An 11-story Upper West Side co-op is installing heat pumps in the basement to generate domestic hot water, reducing emissions and taking pressure off the aging boiler, with the help of The Folson Group.

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205 Hicks St. in Brooklyn Heights has replaced an aging oil-fired boiler with energy-efficient electric heat pumps, eliminating carbon emission penalties and providing shareholders with comfortable heating and cooling, while also saving money on electricity.

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Cabrini Terrace, a 217-unit co-op in Manhattan's Hudson Heights, has restored their original steam heating system to its former glory, shaving 15% off the building's gas usage, and is exploring further ways to lower their penalty exposure.

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Two Charlton Owners Corp. has implemented a three-pronged strategy to enhance energy efficiency, including submetering, electrical room modernization, and EV charging installations, which have generated cost savings and additional revenue streams.

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The Clinton Hill Cooperative in Brooklyn has slashed its gas use by 50% since 2017, thanks to energy efficiency upgrades such as steam trap replacements, window replacements, smart radiator covers, and a combined heat and power system, all paid for out of the co-op's capital reserves without the need for an assessment.

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A 134-unit postwar building in Lenox Hill is exploring the capture and reuse of waste heat with the help of a $40,000 study funded by NYSERDA, and is also considering replacing an outdated steam absorption chiller with high efficiency electric chillers.

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The Department of Buildings has proposed rules allowing buildings to lower penalties for excess carbon emissions by purchasing offset certificates, with the funds going towards a GreenHOUSE Fund to help decarbonize affordable housing, including low-income co-ops.

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New York City's composting mandate goes into effect on October 6, requiring buildings to separate food scraps and yard waste from their regular trash, with fines ranging from $25 to $300 for failing to comply.

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A small eight-unit co-op in Lenox Hill received a $270,000 insurance payout from the embassy's insurance carrier after a sewage disaster, allowing them to pay back a line of credit and rebuild their capital reserves.

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Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

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