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Whether you need homeowners insurance for a co-op can vary depending on your co-op and on the co-op master policy maintained by the corporation that holds the property rights.
After a four-year lawsuit, the Greater New York Insurance Company, insurer for Seward Park Housing, lost their nonpayment case to the cooperative, and $18 million for the damages. After the insurer won a subsequent appeal, the insurer and coop settled in 2010 with the coop returning $3.25 million to the insurer. [8]
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 ...
Apartment buildings and multiple-family housing make up a more significant share of the housing stock in the New York City area than in most other U.S. cities as over 75% of apartment buildings in NYC are co-ops. Reasons suggested to explain why cooperatives are relatively more common than condominiums in the New York City area are: [38]
Renters insurance is getting harder to come by and more expensive in California as insurers pull back from the state's troubled homeowners market, which has been hard hit by wildfires.
Car insurance rates have spiked in the US to a stunning $2,150/year — but you can be smarter than that. ... Across New York City’s five boroughs in 2023, rent rates grew an average of 8.6 ...
Notable apartment complexes developed with Mitchell-Lama funding include the Dayton Towers, Manhattan Plaza, the Cadman Plaza, Co-op City, and the 1199 Plaza. [9] According to the New York State Homes and Community Renewal (formerly DHCR), "A total of 269 Mitchell-Lama developments with over 105,000 apartments were built under the program." [10]
The Amalgamated Housing Cooperative is a limited-equity cooperative in New York City. Organized by the Amalgamated Clothing Workers (ACW), a Manhattan-based socialist labor union, the co-op's original cluster of Tudor-style buildings was erected at the southern edge of Van Cortlandt Park in 1927. Additional buildings were added in the post ...
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