Tell us what’s on your mind? 
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When Carol Management built our buildings in 1954, they rented apartments to families and screened new applicants who they deemed compatible with the other renters in their buildings.
At that time, we were not just 6 separate residential buildings – we were a “community” occupying 6 buildings. It was a well kept and wonderful place to live and raise families.
By the time we became a cooperative we were neighbors. We were friends. We knew each others names. We went to church and synagogue together. Our children played and went to school together and we cared about the future of our community.
But that all changed with the former Board of Directors whose members were predominantly investors. They hid behind closed doors and hired a tyrannical manager to shield them from shareholder inquiries and complaints. Their underlying intent was to intimidate our friends and neighbors to leave our co-op and seek other housing. In addition, the manager and that Board strongly favored the resale of apartments to outside investors because it was the investor’s voted shares, and some collusion, that kept that Board and manager in absolute power.
THAT WILL NEVER HAPPEN AGAIN!
