New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

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BRICKS & BUCKS


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.

The Oxford, a 199-unit condo on the Upper East Side, is maximizing the payout it gets for reducing energy use during peak demand periods by using automated building sensors and controls, resulting in a potential $10,000 reward.

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A Hamilton Heights HDFC is pioneering a new heat pump design as part of a trio of energy efficiency measures financed by a $236,000 loan from the New York City Energy Efficiency Corp. (NYCEEC), which will meet between 50% to 70% of the domestic hot water needs for the residents of the Residencia Esperanza co-op.

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Linda Tenants Corp. in Bayside, Queens, has made significant improvements to its mechanical systems, reducing its energy usage by 30% and saving the building money, while also becoming compliant with Local Law 97 until 2030.

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Co-op City is undergoing a $48.5 million elevator modernization project, which includes replacing 176 cabs, shafts, and machinery, and will be completed in early 2025.

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The Cezanne co-op in the West Village has successfully eliminated carbon emission penalties until 2035 by installing new heating controls for the boiler, replacing the vacuum pump, and installing new steam traps, which have reduced the building's annual emissions by 149 metric tonnes.

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The Department of Buildings has released a new guide for large residential buildings to clarify how to calculate and report carbon emissions in order to comply with Local Law 97, and to explain how properties can challenge their Article 320 designation and request extensions for carbon emission reporting.

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A co-op building in South Harlem underwent major structural repairs after a shareholder wanted to sell her apartment, revealing several broken beams beneath the floorboards, which was exacerbated by the position of plumbing lines.

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Westminster House, a 154-unit co-op on the Upper East Side, is using a real-time emission-monitoring tool to track energy use and ensure compliance with Local Law 97 regulations, which require energy use for 2024 to be reported by May 1st, 2025.

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The Foster Arms co-op in Brooklyn is the first residential building to fund a solar installation with a Multifamily Express Green (MEG) loan, reducing the upfront costs to just $20,000 and taking advantage of state incentives.

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The Future Condominium in Kips Bay has installed ultra-efficient rooftop exhaust fans, saving $24,000 in annual energy costs and lowering maintenance costs, while also participating in demand-response events to earn a check for $8,408.

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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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