New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide



A bill supported by 25 NYC Council members aims to soften Local Law 97's impact.

Queensview Inc., a 726-unit co-op in Astoria, is saving up to $1 million on a $12 million facade and roof replacement project by consolidating the work, which will take two years to complete.

SmartCompost pilot program takes off in Queens and downtown Manhattan.

State continues push to replace fossil fuels with electrification.

A board took baby steps – and then went for the big fix.

From asbestos to foreclosure, the Acropolis Gardens has seen it all.

Sometimes you need to get creative when dealing with a noisy neighbor.

The Death of Submetering

Written by Paula Chin on December 27, 2016


Change in state’s energy strategy could doom a big money-saver for co-ops and condos.


The demise of the 421-a tax abatement has claimed its first victim. The $1.5 billion Hallets Point project in Astoria, Queens – an ambitious project that was to create 2,000 apartments (483 of them affordable), a supermarket, school and riverfront esplanade – has been put on hold by the Durst Organization, which cites the recent expiration of the tax abatement.

“Without a new 421-a or a replacement program, we can’t continue with the project,” Durst spokesman Jordan Barowitz tells DNAinfo. “Without the abatement, the economics of the project collapse and we couldn’t get a construction loan.”

The first building in the multi-phase, seven-year project started construction before the tax abatement expired, so that component – the supermarket and 400 apartments, 80 of them affordable – will move forward. The rest of the project is in limbo.

The 421-a tax abatement was instituted in the 1970s to spur affordable residential development, but it was derided by critics who called it a giveaway for developers. The abatement expired on Jan. 15 – the day after ground was broken at Hallets Point – when developers and unions were unable to hash out an agreement on a prevailing wage for construction workers.

Remember these guys? It looks like four buildings at the Acropolis Gardens co-op development in Astoria are still caught between Con Edison and a hard place. Residents there have not had cooking gas or hot water since April, when Con Edison cut service for allegedly unauthorized, improper hookups. And it looks like they'll have to wait at least three more weeks before Con Edison restores service, reports DNAinfo. The buildings' management company, Metropolitan Pacific Properties, "claimed at the time that their work was permitted and that the shutdown was a mistake." DNAinfo adds that, in a statement, "the buildings' co-op board blamed the delays on 'roadblocks and obstacles' by Con Edison and the Department of Buildings. An attorney for the board did not immediately respond to questions about what those roadblocks are." At least it looks as if they'll have their hot water before winter hits. Now that would really suck.

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