New York's Cooperative and Condominium Community

Habitat Magazine July/August 2020 free digital issue

HABITAT

BROOKLYN HEIGHTS

$20.3 million riverfront condo closes during citywide shutdown.

St. George Tower & Grill gets a complete makeover.

Unit-owners will be able to control light and temperature with their voices.

Proactive Co-op Board Makes a Preemptive Strike

Written by Marianne Schaefer on August 29, 2018

Brooklyn Heights, Brooklyn

Brooklyn co-op voluntarily tackles massive balcony project.

Money is tied to a promise to remain affordable for at least 20 years.

Alternative approach saves big money on a Brooklyn roof job.

Should We Stay Affordable – or Go to Market Rate?

Written by Lisa Prevost on October 06, 2016

Brooklyn Heights

Mitchell-Lama co-ops, under pressure to cash in, might want to stay put.

Albany shoots down bills to lift height limits on city’s residential towers.

Group tries to halt sale and development of Brooklyn Heights Library.

 

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.

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