Written by Emily Myers on November 20, 2024
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.
It’s not every day that New Yorkers turn down a cash offer of $130 million. For this reason, the Brooklyn Heights Association has bestowed its prestigious Good Neighbor Award on the shareholders of the co-op at 75 Henry Street, who last month turned down a developer’s offer for their commercial space that would have made each of them at least $120,000 richer.
“They listened to the concerns of their neighbors,” presenter Tom Stewart told Brooklyn Paper. “This award is given in recognition of their true community spirit."
Many in the neighborhood were concerned that Anbau Enterprises’s proposal to erect a 40-story condo tower on the co-op’s Pineapple Walk commercial site would block views, increase congestion, reduce property values and otherwise make life in Brooklyn Heights a little bit less worth living.
By a vote of 191-112, the shareholders at 75 Henry Street agreed with those concerns and turned down Anbau’s millions. Priceless.
Historic deal preserves affordability under a 99-year regulatory agreement.
In a first, a Mitchell-Lama co-op has converted to an HDFC with a 50% flip tax.
Written by Adele Niederman on January 26, 2024
Adele Niederman has a rebuttal for privatization plan at Cadman Towers in Brooklyn.
Written by Toba Potosky on December 15, 2023
Brooklyn's Cadman Towers co-op uses "Article 2 to 11" to preserve affordability.
Written by Bill Morris on March 16, 2022
Contractors worked overtime to harmonize a $280,000 system.
Written by Bill Morris on June 01, 2021
Repairs keep a prized amenity from turning into a costly liability.
Written by Bill Morris on May 06, 2021
A Q&A with the former president of Cadman Towers co-op in Brooklyn Heights.
Written by Bill Morris on March 31, 2021
Doing it once and doing it right will save money in the long run.