New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

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LOWER EAST SIDE

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, residents' outrage over rodents reaches a roar in one middle-class Bronx neighborhood's historic old co-ops (albeit spelled "coops"). Meanwhile, in a more upscale area of the borough, a condominium gets millions in tax breaks. Life as usual, in other words. And speaking of taxes, we've news on the class-action suit aiming to make New York City's crazy property-tax calculations fairer, and an Upper East Side condo is suing the MTA for Second Avenue subway-related damage. Plus: Celebrities buy penthouses!

 

Harold "Heshey" Jacob, longtime property manger of the sister co-ops Hillman Houses and East River Housing, knew in 2009 that sludgy and sooty No. 6 heating oil was on its way out. With the help of New York State Assembly Speaker Sheldon Silver, who lives in Hillman, he convinced the co-op boards of the 2,500 -unit, seven-building complex to switch to dual-fuel systems using cleaner No. 2 oil and, mainly, natural gas. It was a big, big switch. How did he manage to convince not one but three boards to go that route?

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, we learn that property taxes are going up. That's news? It is when the jump will be 5.5 percent for co-ops and 7.4 percent for condos (per the New York Post) or 7.5 percent for co-ops and 9.6 percent for condos (per The Wall Street Journal) — as opposed to just 3.8 percent for owners of single-family homes! Wait, don't single-family homes already get their assessed values capped at 2 percent each year, while there's no cap on how high co-op and condo valuations can rise? Plus: We've board members who somehow couldn't predict the headline "Deaf Grandfather Fights Condo Board to Keep Service Dog." And isn't all this is exactly the kind of stuff a new co-op / condo social-media site will let apartment-owners talk about amongst themselves?

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, the battle over emotional-support dogs gets even more emotional at East River House, as the feds get into the act. Elsewhere, condo and co-op boards might want to partake of a new program teaching doormen to recognize and report elder abuse. And some in City Council push for property-tax rebates. Plus, co-ops try to more like condos and vice-versa, a new affordable housing program will fill a long-empty condominium in The Bronx's Mount Hope neighborhood, and Ronan Farrow (pictured) may be your new Upper West Side neighbor.

Recent news affecting co-op / condo buyers, sellers, boards and residents. Not a good week, this week. A failed gas line at Seward Park affected 400 apartments. A visitor leapt to her death from a Yorkville condominium, traumatizing residents. And even at an expensive Upper East Side condo, a penthouse-dweller is stuck in an elevator for over an hour without help arriving.

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a Chelsea condo board has won its battle with a downstairs gym, New York City investigates possible fraud by Lower East Side co-op board members and a Queens co-op says it's not soulless. The Comptroller says the City goes too easy on water-bill deadbeats, raising rates for the rest of us. An expert answers: Are condo boards as powerful as co-op boards? And Law & Order's Richard Belzer sells his co-op. Dun dun!

Harold Jacob is the longtime property manger of the Hillman Houses and East River Housing, two of the four communities comprising the Lower East Side's Cooperative Village — colloquially called Co-op Village or "the Grand Street co-ops." He decided in 2009 that the time had come for Co-op Village to wean itself off the highly polluting No. 6 heating oil, ushering in a new era of energy efficiency, dramatically reducing pollution and lowering the energy consumption of the 2,500 apartments in the seven buildings he manages. Hillman and East River now each use a dual-fuel system that relies mainly on natural gas and can periodically switch to the cleaner No. 2 oil.

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, winds of change sweep New York City as Hurricane Sandy strands seniors and clobbers cars. Plus, advise on filing your insurance claims, a heads-up on changes to real estate advertising, and do you want to buy Celeste Holm's home? For condo and co-op boards, the lawsuit against The Dakota's board takes a turn, secret-identity sales increase and we give some options to help counter illegal renting.

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, Zeckendorf Towers goes smokeless, the folks at Alwyn Court and The Briarcliff go homeless, and thanks to 24-hour construction crews, a Rockaways co-op goes sleepless. Plus, three Lower East Side co-ops install fuel-efficient boilers to save money heating 2,700 apartments, Airbnb lobbies politicians to take the "illegal" out of illegal hoteling, and people debate the pros and cons of the proposed co-op admissions disclosure law.

Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, a Brighton Beach condominium goes from lawsuits to protests over a public toilet its residents say is in the wrong place — blocking their ocean views. Plus, the noisy saga of 199 Bowery continues; a condo buyer who pulled out of a deal not only lost the deposit but owes $577,000 in legal fees; and looking to buy? Dont' overlook The Bronx! Plus, for condo and co-op boards, we've a Sandy-related lawsuit, a lawyer's thoughts on absentee ownership and more.

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