Tell us what’s on your mind? 
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In June 2023 there was a Capital Assessment described as “a one time special assessment”.
At $4.3548 per share it comes t0 over $1.3 million dollars.
Followed by an approximate 4.5% maintenance increase for 2024.
In June 2024 there is a Capital Assessment again described as “a one time special assessment”.
At $4.5232 per share comes to over $1.4 million dollars. and we might as well anticipate another (just under 5% maintenance increase for 2025)
I guess a “one time assessment” means one time EVERY YEAR! It indicates that they are over-spending a million dollars a year… BUT ON WHAT?
Could it be the special bonuses they decided to handout – to whom and how much? How about “another” $40,000 annual increase for exterminating or again doubling the cost of supplies?… or an increase in Emma’s hourly legal fee?
This Board believes they have a limitless piggy bank and feel they have no obligation to inform the shareholders.
How long are we going to keep letting them get away with this?
WE need a new board to stop over spending and who will hire professionals to examine the books!
REMEMBER –
You are entitled to a free credit report using the website AnnualCreditReport.Com
With all of the identity theft that is happening these days, you should take a few minutes out of your day to protect yourself.
Ron
676? Lol maybe someone heard what a great job the board is doing and offered 250k above asking.
Yes, for years we had to put up with “attitude” but it didn’t surface until 2013 and for the 10 years prior to that we all enjoyed the pleasure of an efficient and hospitable management office and major projects that added to the beauty and value of our co-op such as the remodeled co-op park and new terrace railings.
We were informed of the projects and their costs before construction and we could physically SEE where our money was being spent.
Last years assessment gave the board about 1.3 million dollars.
What was done with it?
Did they tell us what it was being used for?
CAN YOU SEE IT?
Next months assessment is also going to give the board another 1.3 million dollars but don’t expect an explanation or any visual improvements.
New door knobs just won’t cut it.
And under the heading of big “B.S.” if an apartment sold for $676,000 it was in the neighbors dreams because nothing for that amount is factually listed with NYC Department of Finance.
Pay more – expect nothing!
To the shareholder who wrote on 4/6th – Good Lord, will we ever get OUR co-op back?
Back to 18 years of neglect and fines to shareholders. Fines from DOB, Sanitation and HPD. RIP to the lawyers they used to go to court to handle these violations and fines that WE, the Shareholders paid for.
It’s time to wake up and look around. My neighbor recently closed on 3 Bedroom in E line for $676,000
From a Facebook posting (conversation) on the Forest Hills, Rego Park and Kew Gardens page:
Hi I am looking to buy a 2 bedroom apartment with a balcony that is pet friendly for around $350,000 in the Rego Park, Forest Hills area. Does anyone have anything available? (Excluding Park City 3 and 4). I am working with an agent. Thanks
Why no park city 3&4?
Too many litigation, bank won’t approve
This is the reputation our co-op has. I am sure this is not true- you can still get a mortgage, but agent is steering people away. Not a good situation.Overheard a maintenance man taking to a shareholder. He said “I’d like to help you, but I can’t. They looking for reasons to fire us.”
There’s no doubt in my mind of who “they” are.
I guess they have more unemployed family and friends they can hire at exorbitant salaries under a “cash back” agreement. I see from earlier comments that I am not alone in thinking that.
Good Lord, will we ever get OUR co-op back?
Anyone feel the 4.7 magnitude earthquake this morning?
Still think they are better than chandra ? Same circus, different clowns !
The inspections were to look for reasons for the lawyers to write letters to shareholders and then charge the shareholder a $475 legal fee for writing the letter. To make sure you pay the $475 Akam puts a hold on your account and will not deposit your maintenance checks until the $475 is paid – and Akam will charge the shareholder a $40 late fee for each month even though they have our checks in their hands.
IN MY OPINION THESE ARE ALL SCAMS.
A SCAM FOR THE LAWYERS TO PROFIT.
A SCAM FOR AKAM TO PROFIT.
AND THE $15 AND $50 FEES ARE A SCAM TO PROFIT DAVID.
I JUST DON’T KNOW HOW MUCH OF THE SCAMS PROFIT GOES TO THE BOARD MEMBERS.
IF WE ALL WRITE A LETTER TO THE DISTRICT ATTORNEY THEN MAYBE THEY WILL ALL GO TO JAIL.
Queens County District Attorney, 125-01 Queens Blvd, Kew Gardens NY 11415
IF YOUR FED UP WITH THIS THEN DO IT!
To the person who wrote look what they found during inspections. They found washing machines. One of our neighbors has had one for over 10 years.
Did they make them remove it? No! So what is your point? Smoke detectors need batteries- we get it. What else was found and what actions were taken?
Wow what a bad idea
CO2 and Smoke Detectors were inspected during apartment inspections regularly by previous management, so that’s nothing new. But charging $50 for AFTER HOURS EMERGENCIES! Are some people going to wait until morning when water is overflowing so that they’ll be charged $15 instead? Maybe, causing other apartments to be affected. Remember when this board originally ran saying that fines and other charges were illegal because they weren’t voted into our by-laws. Just don’t get stuck in the elevator because it might cost you between $15-$50 to get out.
Now they are charging $15 for any type of maintenance sevrvice what are we pay maintenance for???? For chipped painted catwalks?
