New York's Cooperative and Condominium Community

Habitat Magazine Business of Management 2021

HABITAT

STATEN ISLAND

Daroga Power is installing 48 fuel cells that will cut electricity bills – for free.

Commission will hold a string of hearings citywide, beginning March 12.

Putting the “Meet” in a Condo Board’s Annual Meeting

Written by Dale J. Degenshen on May 13, 2019

Staten Island

When factions fight for control, things can get ugly.

Murder in Apartment 3P

Written by Victor M. Metsch on November 29, 2018

Fort Wadsworth, Staten Island

Co-op and condo boards must protect people from “foreseeable” harm.

One proposal would benefit Staten Island and punish Park Slope.

Appeals court upholds barbed street names in controversial condo development.

Streets are named for those timeless real estate staples: greed, trickery, and money lust.

 

Bank buildings are doing it. Synagogues are doing it. Now a former farm for the aged poor is doing it too: converting to condos.

Last week the New York City Council gave its blessing to a plan to turn a derelict 96-acre campus on Staten Island, known as the Farm Colony, into 344 condo apartments for residents over the age of 55. Thirty-four of the apartments will be set aside as affordable – that is, for families with incomes under about $150,000.

The council approved a plan by the city’s Economic Development Corp. to sell 45 acres to Raymond Masucci, a Staten Island developer, for $1 million. At a cost of $91 million, Masucci will rehabilitate five buildings, tear down five others, and preserve a 112-year-old dormitory as a “stable ruin.” He will also build three six-story apartment buildings and 14 townhouses on a property that was once a working farm for the aged poor.

The Farm Colony closed in 1975 and fell into decline. The new development, inside Staten Island’s first historic district, will be called Landmark Colony.

It was a rough year for affordable housing in the Big Apple, but the city delivered some hope last week to supporters of Mitchell-Lama. According to a DNAinfo report, the city announced last week that BFC Partners — the developers of Staten Island's outlet mall — plan to buy and rehabilitate the Arlington Terrace Apartments, a Mitchell-Lama housing complex in Mariners Harbor. BFC will spend $75 million to tackle major exterior and interior fixes on all four buildings. The developers also plan to rename the complex North Shore Plaza and "extend its affordability for residents," the report added. That's definitely good news to residents of the troubled housing complex, who have had to cope with mold, mice, and even crime in their own courtyard.

So, enjoy our selection of the top 10 co-op / condo quotes (or groups of quotes) uttered in 2011. And feel free to add your own favorite 2011 co-op / condo quotes in our "Comments" section at the end!

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