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Co-op City (short for Cooperative City) is a cooperative housing development located in the northeast section of the borough of the Bronx in New York City.It is bounded by Interstate 95 to the southwest, west, and north and the Hutchinson River Parkway to the east and southeast, and is partially in the Baychester and Eastchester neighborhoods.
The deed in the 1670 sale to Staats and Provoost, later known as The Loonenburg patent, mentions a barn, indicating a preceding settlement. Notable owners: On September 6, 1694 reports the sale of Klinkenberg was sold to Jacob Casperson Hallenbeck ; it became “the original seat of the family of Hallenbecks” for several generations.
As of 2021, the program has been extremely successful, with 90 percent of HDFCs thriving. The HDFCs get a small tax break from the city, but otherwise shareholders are 100 percent responsible for all repairs and upkeep of the buildings—roof, boilers, steps, water and so on—similar to a regular coop or condo. [6]
Yonkers (/ ˈ j ɒ ŋ k ər z / [5]) is the third-most populous city in the U.S. state of New York and the most-populous city in Westchester County.A centrally located municipality within the New York metropolitan area, Yonkers had a population of 211,569 at the 2020 United States census. [6]
United Workers Cooperative Colony (1927–1929), 339 + 385 units, on Allerton Avenue on the Bronx, sponsored by communist garment industry workers; known as "The Communist Coops" Dunbar Apartments, built by John D. Rockefeller Jr. in 1928 as a housing cooperative to provide housing for African Americans. Bankrupt in 1936 and taken over by ...
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A condop, a portmanteau of the words condominium and cooperative (or "co-op"), is a co-op inside a condo. [3] Stepping back, condominium owners actually hold title to a piece of real estate. Co-op owners are actually shareholder-tenants with shares in and a long-term lease from the co-op corporation. In all co-ops, a corporation owns the building.
The purchase price of a comparable unit in the co-op is typically much lower, however. With limited equity, the co-op has rules regarding pricing of shares when sold. The idea behind limited equity is to maintain affordable housing. A sub-set of the limited equity model is the no-equity model, which looks very much like renting, with a very low ...
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