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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.
13 712 November 30, 1973 Bland Houses: Flushing: 5 10 400 April 30, 1952 Carleton Manor: Arverne: 1 11 170 March 31, 1967 Conlon L.I.H.F.E. Towers: Jamaica: 1 13 216 March 31, 1971 Forest Hills Co-op Houses: Forest Hills: 3 12 430 November 30, 1975 Left NYCHA in 2017 to become a tenant-managed co-op. Hammel Houses: Rockaway Beach: 14 6 and 7 ...
The project was designed by George W. Springsteen and his new associate, Herman J. Jessor, who would go on to design many other UHF projects, including Co-op City. The buildings followed the "towers in a park" concept introduced to the U.S. in the late 1930s by the Castle Village towers in Hudson Heights in upper Manhattan.
In June 2007, the co-op sued the city in an attempt the keep the land, [4] and on November 1, 2011, the co-op and the city reached an agreement in which the co-op ended its ownership claim to a smaller section of land sitting atop the deck only, with each side contributing $1 million toward the creation of a public park on the disputed portion. [6]
With a co-op, you are not a homeowner, but rather a shareowner of the corporation that owns the building. A co-op is a housing cooperative owned by a corporation that allows people to buy shares ...
Construction soon proceeded at a rapid pace on the new community in Queens. When Rochdale Village opened, it was the largest private cooperative housing complex in the world until Co-op City in the Bronx was completed in 1971. [1] Rochdale Village was originally between 10 and 20 percent African American and 80 to 90 percent white. This caused ...
Community District 10, which comprises City Island, Co-op City, Country Club, Pelham Bay, Schuylerville, Throgs Neck and Westchester Square, generally has a lower rate of college-educated residents than the rest of the city as of 2018. While 34% of residents age 25 and older have a college education or higher, 16% have less than a high school ...
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 ...