M-L coops in NYC - Anyone know the status of these WLs? - New York City - New York - Page 2 - City-Data Forum

xxbkshorty · 04-13-2013, 07:51 AM

My supervisor actually lives in Penn South and has for years which is why I'm learning about MLcoops now. I prefer to live and pay towards ownership then a rental for the rest of my life. Besides where I live has already warned me that HUD has approved the 6.6% yearly rent increase for the next 2 years. It is now coming to a point where it's stay here and have no savings. I will definitely keep updating this thread if I'm lucky enough to be one of the 300 selected to receive an application.

Thanks for your response Kefir King

thechelseahotel · 04-13-2013, 08:22 AM

Thank you for this information, Kefir King! I think you're right. Jefferson Towers on the UWS seems to have a consistently closed WL, hence this short window of time for this lottery. Will definitely respond to this ad. Thank you again.

thechelseahotel · 04-13-2013, 08:27 AM

Kefir King, you're right ... the marker on the map in the actual ad points to Penn South. Will be interesting finding out which co-op this is for!

Kefir King · 04-13-2013, 08:41 AM

Gee,

You could roll your furniture from the Chelsea Hotel 5 blocks up Eight and save $ 1000 for the move.

thechelseahotel · 04-13-2013, 11:10 AM

cbarnett2 · 04-18-2013, 01:05 PM

I had submtted my postcard and I am too curious as to which apartments the ad is inquiry. So far I had appled to 2 M_L and I am on the waiting list for one of them. Both of these listing are in the UWS. (RNA coop and Tower West). I am awaiting a response from TW as I just submitted the pre-application card last week. The waiting list is from 3 to 8 years. Same as RNA coop.

TonyT718 · 06-28-2013, 02:37 PM

Hi guys -

New here (to the forum - 20+ yrs in NYC though <g>). In '11, I was lucky enough to get drawn for the waiting list for 101 Clark. It's a pretty high number, so I've still got quite a wait ahead of me. I was happy to learn here that they've recently renewed their Mitchell Lama commitment. Does anyone know how long that means they'll definitely be in for? I think I remember reading it being something like 5 years, but I can't find that info now.

I'm older, my former career in the music business kinda of evaporated after file sharing, so I'm bartending and in school full time at LaGuardia for an AAD in veterinary technology (basically, a state certified animal nurse). While I'm psyched I'm gonna be able to help animals and their keepers, I really want to be able to afford to grow old and die in the city I love. Barring a lottery win, this looks like it's gonna be my last shot.

Thanks in advance for any info!

Kefir King · 08-31-2013, 06:23 AM

Never say your post Tony.

All I know is that Cadman has been fighting this fight since 2005...8 years. These legal skirmishes are $$$$$ and thus I am reasonably sure that it won't be tried again anytime soon.

My limited experience is that once the privatization gets shot down, nobody has the stomach to revive it again.

As I recall CP voted to go private based on the number of shares but to stay ML based on "one apartment, one vote." The court/courts found the latter method is the one to use. The obvious implication is that people with 3 and 4 bedroom apartments wanted to turn them over for MILLIONS but those in studios and one bedrooms places would rather stay on as co-operators rather than take a couple hundred G's.

It's a nice place and I was in Brooklyn Heights while they were being built but I was too stupid at the time to have a clue that Mitchell Lama even existed.

Kefir King · 08-31-2013, 06:24 AM

Never saw your post, Tony.

All I know is that Cadman has been fighting this fight since 2005...8 years. These legal skirmishes are $$$$$ and thus I am reasonably sure that it won't be tried again anytime soon.

My limited experience is that once the privatization gets shot down, nobody has the stomach to revive it again.

As I recall CP voted to go private based on the number of shares but to stay ML based on "one apartment, one vote." The court/courts found the latter method is the one to use. The obvious implication is that people with 3 and 4 bedroom apartments wanted to turn them over for MILLIONS but those in studios and one bedrooms places would rather stay on as co-operators rather than take a couple hundred G's.

It's a nice place and I was in Brooklyn Heights while they were being built but I was too stupid at the time to have a clue that Mitchell Lama even existed.

Good luck for a short wait.