Storage Space: The Final Frontier. How a Bronx Co-op Scored Free Lockers
The 48-unit high-rise HDFC co-op at 1715 Nelson Avenue in The Bronx has a new amenity to offer its residents: Nine custom-built steel storage units from Bargold Storage Systems. Under Bargold's rental plan, the company absorbs the full cost of installation (estimated at $3,000 per unit) and then rents out the units to tenants itself, sharing a 25 percent commission with the co-op.
THE NEIGHBORHOOD
Morris Heights, The Bronx
VALUE
RECENT SALES
12/22/2010: $65,000
PROPERTY TAXES
Estimated market value: $1,145,000
2012/13 taxable value: $555,530
BUILDING INVESTMENT
PROJECT
Cost: $0
- Installed nine corrugated-steel storage units
- Painted the storage area and installed light fixtures
CONTRIBUTORS
Joshua Goldman, Bargold Storage Systems
Wendy Williams, People Management Services, managing agent
Started and completed in March 2012