November 20, 2018
From asbestos to foreclosure, the Acropolis Gardens has seen it all.
February 22, 2017
Sometimes you need to get creative when dealing with a noisy neighbor.
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.
February 19, 2016
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.
Con Edison seems to be all over the news this week. On April 29, workers responded to a small fire at the Acropolis Gardens co-op. After having discovered "unauthorized piping," they shut the gas off in 8 of the 16 buildings making up the development, which spans from 33rd to 35th streets between Ditmars Boulevard and 21st Avenue. According to DNAinfo, tenants are still waiting for service to be restored and have been without cooking gas or hot water all this time. A spokesperson for the utility company told DNAinfo that "the management company must complete plumbing work and make the buildings safe before [it] can restore service." The management company, in turn, is blaming Con Edison, "saying the company shut off the gas after mistaking a valve that was installed two years ago for a recent installation." Some of the frustrated tenants seem to be pointing the finger at the management company, Metropolitan Pacific Properties. The article reports that "others in the buildings [say] this isn't the first time Acropolis Gardens has been without heat and hot water. Another complained about broken intercom systems and trash piling up in the alleys between buildings." It even quotes one tenant as claiming, outright, that the building is "terribly managed." It's a long time to be without heat and hot water, considering how much money building residents pay in maintenance fees alone — not to mention that the long interruption in service is not due to a gas leak.
Photo by Scott Bintner for Property Shark
September 24, 2014
Kim Velsey in The New York Observer writes, quite entertainingly, of the travails facing diplomats seeking co-op or condo housing in New York. At many places it's "Diplomats Need Not Apply," as boards worry about diplomatic immunity, security details, endless sign-offs from the State Department and others, and, of course, the dreaded scourge of cocktail parties. Not to mention: You approve one diplomat, there's a coup, now you've got a whole new neighbor to contend with. We learn that while the UK and New Zealand have been given the red carpet, poor France got turned down at River House and Qatar had to buy a townhouse. (We know ... big hardship.) Attorney Steven Wagner offers an amusing anecdote about a bad diplomat in Astoria, Queens. And you don't even want to know what diplomats from poor countries have to contend with. Two words: studio apartment.
Written by Jennifer V. Hughes on August 29, 2013
For a recent hallway renovation at an Upper East Side co-op, the plan was to remove old wallpaper and replace worn carpeting. But in the process, remembers Marion Preston, former board treasurer of the 111-unit co-op, the previous board had ordered a huge supply of excess wallpaper and carpet. "They had extra of everything just in case, but no one ever used it or needed it," Preston says. "For our job, we had all-new material, so we obviously didn't need this anymore. I couldn't bear to just toss it out. It was still in its original packaging." So what to do?
Written by Bill Morris on August 28, 2012
Don Bilodeau, board president of a 72-unit condo in Astoria, Queens, started hearing two kinds of complaints about cigarette smoke shortly after he moved into the building in 2007. The first was about people smoking in common areas, which is forbidden in the bylaws. The second was about people smoking so heavily inside their apartments that the smoke was leaking into common areas.
August 27, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, condo-owners don't want a visit from St. Vincent, the ex-wife of the Intuit software chairman loses out in a co-op sale, and the government wants home appraisals to be more transparent. And co-op board members can see one of their own taking the next step and running for office.
Thinking of buying a co-op or condo? Already bought, and not sure how co-op/condo life and rules work? Learn all about purchasing a place and living in your new community. It's not like renting, and its not like owning a house. What's it like?