New York's Cooperative and Condominium Community

Habitat Magazine Business of Management 2021

HABITAT

SUNSET PARK

Renewable energy will help co-ops and condos meet Climate Mobilization Act.

A Sunset Park Co-op’s Solar Success Story

Written by Kathryn Farrell on March 20, 2020

Sunset Park, Brooklyn

Asking the right questions leads to big savings on electric bills.

Devastating Brooklyn fire points to hazards of being uninsured.

Meet New York’s “Mr. Solar”

Written by Marianne Schaefer on July 27, 2017

Sunset Park, Brooklyn

“How could co-ops not do this?”

A $2 million townhouse sale in neighborhood that spawned the co-op movement.

Sunset Park Co-op Let the Sun Shine In

Written by Marianne Schaefer on December 29, 2016

Sunset Park

Unique loan allows co-op to go solar for no money down.

Brooklyn co-op becomes city’s first to benefit from new solar financing model.

"Just Do It"

Written by Tom Soter on June 22, 2016

Sunset Park

A dedicated co-op board president tackles a long-overdue roof project in Brooklyn.

Happy 100th Birthday, Co-ops!

Written by Bill Morris on April 12, 2016

Sunset Park

In 1916, the nation’s first nonprofit housing cooperative was born in Brooklyn.

It’s known as the Castle, for good reason. Built in 1886 as the NYPD’s 68th precinct house, it’s an ornate Romanesque Revival brick fortress with a crenellated turret gazing down at the intersection of Fourth Avenue and 43rd Street in the Sunset Park section of Brooklyn. After the NYPD decamped in the 1970s, the building went into a steep decline.

Yosef Streicher has announced that his HS Realty Associates, which purchased the former precinct house and adjacent stables for $6 million last summer, is planning to restore the derelict Castle to its original glory – and build a structure on the site that will house condominium apartments.

“My plan is to do a commercial space, possibly a child-care facility, in the basement and first floor, then add 10 to 15 condos,” Streicher told Habitat. “We’re going to build above the stable and we’re aiming for a total of 40,000 square feet.”

Streicher’s first hurdle will be the Landmarks Preservation Commission, which gave landmark status to the exteriors of both buildings in the 1980s. In 2011 the commission fined the previous owner, the non-profit Brooklyn Chinese American Association, for “failure to maintain the building.”

Streicher expects cooperation from the commission. “We’re trying to bring value to the community,” he says.

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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