Posted by John on August 09, 2000 at 09:33:43:
In Reply to: CO-OP Conversion posted by ODENDHAL on August 09, 2000 at 07:15:50:
Try having a meeting with the other tenants and see if they are willing to purchase their apartments from the landlord? If the will is there than as a tenants association your building would be in a better position to elect leaders, co-op board members, etc. After the transaction is done.
What is the landlord waiting for? Offer to buy him out.
: Building filed for co-op in 1987, no units were ever sold. 2000, not one unit ever sold and they say that the building is still Co-op but the landlord says that it is not a co-op. Eight Units in buildings, building is owned by one person, this is not a CO-OP nor will it be co-op because it is in a supposed " Court Action" -Landlord is handing out 2-5 family unit leases for this eight unti building.
: We went to the OAGs office and they said that any building that went co-op that failed to sell any apartments ( within a certain period of time) would convert back to it's prior status. Rent Controlled was the privious status but we are in a grey area as other landlords are doing this as a form of practice to deregulate apartments and get more money from the tenants.
: What agencies could assit the tenants in this building and how can we, the residents of 1163 prospect ave go to get a definitive answer on these question as the OAGs office was very scarce with the info but we have scheduled a review of the amendment to the CO-OP plan and we are currently are researching the deed and tax info at the muni building in Downtown Brooklyn.
: Any Ideas, advice or groups that would eat this up
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