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Southbridge consists of four 27-story towers and five 6-story buildings, which collectively include 1,651 apartments with a total of 331,577 square feet (30,804.5 m 2) of floor area. [ 1 ] In October 2005, the cooperative's board of directors voted to undertake a study that could cost up to $25,000 to explore privatization of the building complex.
Under this law, the city of New York is able to sell buildings directly to tenant or community groups to provide low-income housing. Many HDFCs were created through a process of co-op conversion of a foreclosed, city-owned property. As of 2008, over 1,000 HDFC cooperatives have been developed in the city. [1]
Amalgamated Dwellings (1930), in Cooperative Village, Lower East Side of Manhattan, New York City, 236 units; Hillman Housing Corporation (1947–1950), in Cooperative Village, 807 units; Under the Housing Development Fund Corporation. 566 W. 159th Street, Washington Heights; 1007-09 E. 174th Street, the Bronx; Lenox Court, East Harlem
Penn South, officially known as Mutual Redevelopment Houses and formerly Penn Station South, is a limited-equity [1] housing cooperative development located between Eighth and Ninth Avenues and West 23rd and 29th Streets, in the Chelsea neighborhood of Manhattan in New York City. The complex has 2,820 units in ten 22-story buildings.
Cooperative Village is a community of housing cooperatives on the Lower East Side of Manhattan, New York City. The cooperatives are centered on Grand Street in an area south of the entrance ramp to the Williamsburg Bridge and west of the FDR Drive. Combined, the four cooperatives have 4,500 apartments in twelve buildings.
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.
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]
This is a list of neighborhoods in the New York City borough of Manhattan arranged geographically from the north of the island to the south. The following approximate definitions are used: Upper Manhattan is the area above 96th Street. Midtown Manhattan is the area between 34th Street and 59th Street. Lower Manhattan is the area below 14th Street.