New York's Cooperative and Condominium Community

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BUILDING PROJECTS IN NYC CO-OPS/CONDOS

Take a peek behind the facades of New York’s co-ops and condos to find out who's fixing things up, and how much it costs? Articles in this section cover dozens of individual projects in co-ops and condos all over New York City. Learn how NYC co-op/condo boards met the challenges of the fix-up, and how you can use their experiences to smooth out yours.

Are you doing capital improvements at your co-op or condo? Email kfarrell@habitatmag.com or emyers@habitatmag.com to have your project included in our column.

Deadlines Loom to Offset Renovation Costs With New J-51

Written by Emily Myers on December 31, 2024

New York City

The newly passed tax abatement program allows eligible co-op and condo boards to offset renovation costs by filing applications within four months of completion or effective date.

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South Bronx Co-op Slashes Emission Penalties by $200K

Written by Emily Myers on December 18, 2024

South Bronx

Executive Towers improved its energy efficiency grade from D to B and reduced emission penalties by $200,000.

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City Council passes new legislation allowing co-ops and condos to apply for tax breaks for major building renovations.

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Co-ops and condos have an opportunity to showcase high-efficiency cold-climate heat pumps thanks to a $10 million NYSERDA initiative.

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An 11-story Upper West Side co-op is installing heat pumps in the basement to generate domestic hot water, reducing emissions and taking pressure off the aging boiler, with the help of The Folson Group.

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205 Hicks St. in Brooklyn Heights has replaced an aging oil-fired boiler with energy-efficient electric heat pumps, eliminating carbon emission penalties and providing shareholders with comfortable heating and cooling, while also saving money on electricity.

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Cabrini Terrace, a 217-unit co-op in Manhattan's Hudson Heights, has restored their original steam heating system to its former glory, shaving 15% off the building's gas usage, and is exploring further ways to lower their penalty exposure.

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Two Charlton Owners Corp. has implemented a three-pronged strategy to enhance energy efficiency, including submetering, electrical room modernization, and EV charging installations, which have generated cost savings and additional revenue streams.

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The Clinton Hill Cooperative in Brooklyn has slashed its gas use by 50% since 2017, thanks to energy efficiency upgrades such as steam trap replacements, window replacements, smart radiator covers, and a combined heat and power system, all paid for out of the co-op's capital reserves without the need for an assessment.

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A 134-unit postwar building in Lenox Hill is exploring the capture and reuse of waste heat with the help of a $40,000 study funded by NYSERDA, and is also considering replacing an outdated steam absorption chiller with high efficiency electric chillers.

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Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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