Written by Tom Soter on July 20, 2016
After getting battered by Hurricane Sandy, a Long Island co-op came together.
December 27, 2013
Gandolfo ("Dolf") Ferucci has served on the board of the 66-unit Smith Street Gardens in Freeport, Long Island, since the mid-1980s. He moved into the 56-year-old building around 1982, and bought in as an insider when the building went cooperative in 1986. The apartments have very large rooms, he notes, and most residents are elderly and middle-income. Here, talking with Habitat Associate Editor Aparna Narayanan, the co-op board veteran discusses lessons learned over 25 years.
Written by Ronda Kaysen on September 05, 2013
At 51 Fifth Avenue, the co-op board came into possession last year of a 2,000-square-foot two-bedroom apartment overlooking a church. The board enlisted a broker who told them to put the apartment on the market for $1.5 million as is. That's when the property manager stepped in and put a stop to it.
Written by Bill Morris on August 06, 2013
Promoting staff based on how popular someone is with the residents, rather than on strictly professional criteria and experience, is an invitation to problems — and there could be no greater example than the experience of one co-op board in Freeport, Long Island, when a staffer's popularity allowed him to buy two apartments and eventually win election to the five-member board, where he and two cronies gained control of the building.
February 11, 2013
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a Long Island co-op struggle to finance common-area repair, not covered by FEMA, after superstorm Sandy; a condo super in Greenpoint risks blowing the place up; and rich folk got dem pied-à-terre blues. For co-op and condo boards, we've two tales of illegal hoteling — both with hilarious, albeit nefarious, behavior by the apartment owners. Plus, the latest amenity: onsite well-being programs.
Written by Kathryn Farrell on August 15, 2012
When the wind and rain of Hurricane Irene whipped across the Ocean Harbor View Apartments, a 56-unit co-op in Freeport, New York, on August 28, 2011, the massive storm did more than get the property wet: it flooded the laundry room and damaged three out of the eight machines within. It was not long afterwards that the seven-person board of the cooperative — located at 494 South Ocean Avenue and built in 1950 — decided it was time to turn a disaster into an opportunity. The room would be completely renovated.
Thinking of buying a co-op or condo? Already bought, and not sure how co-op/condo life and rules work? Learn all about purchasing a place and living in your new community. It's not like renting, and its not like owning a house. What's it like?