How much does an apartment cost in Co-op City?

How much does an apartment cost in Co-op City?

Apartments cost between $13,500, for a basic one-bedroom, and $29,250, for a three-bedroom with one and a half baths and a balcony. Monthly carrying charges range from $646 to $1,394. Floor height plays a part in determining those fees; the high-rises range from 24 to 33 stories.

Can I sell my Mitchell-Lama apartment?

Management and the co-op must sell the apartment using its waiting list to find a purchaser. The only obligation that the next of kin has is to inform management of the owner’s death, and to arrange to get the personal property out of the apartment.

Is Co-op City built on a swamp?

The development was built on landfill; the original marshland still surrounds it. The building foundations extend down to bedrock through 50,000 pilings, but the land surrounding Co-op’s structures settles and sinks a fraction of an inch each year, creating cracks in sidewalks and entrances to buildings.

Is co-op city a nice place to live?

Co-Op City is a wonderful place to live. It has its own mall, which is probably the reason it gets a bit crowded in the afternoon. The buildings have laundry rooms in the basement, there are countless playgrounds, a huge grassy area, and parking for residents.

Is co-op City a good place to live?

Co-op City is in Bronx County and is one of the best places to live in New York. Living in Co-op City offers residents a dense urban feel and most residents rent their homes. In Co-op City there are a lot of restaurants, coffee shops, and parks.

Is Mitchell-Lama subsidized housing?

The Mitchell–Lama Housing Program is a non-subsidy governmental housing guarantee in the state of New York.

Is Mitchell-Lama rent controlled?

Since Mitchell-Lama apartments are income-restricted housing, the market value of the apartment or the neighborhood does not control the prices of the co-op or rental.

How many residents does Co-op City have?

It is the largest single residential development in the United States with a population of approximately 50,000 residents and its own zip code, 10475.

What part of the Bronx is the poorest?

greater South Bronx
The Bronx has the highest rate of poverty in New York City, and the greater South Bronx is the poorest area.