New York's Cooperative and Condominium Community
Nonetheless, the nearly 80-year-old structure has had its share of repairs, the latest being the recently completed passenger elevator modification (researched by a three-man committee and in the development and planning stages for two years) and the addition of a dual burner. “That should save us money,” notes Hohlt, who sees it as insurance against any future switcheroos. “If oil suddenly becomes cheaper than natural gas, we’re ready for it.”
Estimated Market Value: $26,895,000
2011/12 Taxable Value: $10,346,315
Larry Hohlt, president at 40-50 East 10th Street, lived in a house in Brooklyn for nearly 30 years before moving to this East Village co-op some 12 years ago. He hasn’t regretted it and talks with enthusiasm about the many projects his nine-member board has undertaken, all part of a ten-year capital plan (the sidewalk and back yard are slated for repairs, and the roof needs to be replaced). He moves on to the varied tenancy of his property, which includes young professionals, museum curators, playwrights, lawyers, business-people, retirees, young couples, and a composer. “We have quite a range,” says Hohlt, who feels that the building is attractive because of its old-world charm and its new-world amenities: two private gardens and a cardiovascular exercise room. It is also walking distance to both the East and West Village. “It’s a great building,” he says. As to capital work, he says: “Get different perspectives. Try to get objective advice. And then move forward.”
Concessi Engineering Services
Sierra Consulting Group
National Mechanical Services
Blue Woods Management
Larry Hohlt, board president
Completed in November 2011
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