Tell us what’s on your mind? 
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Joe Biden= David
Kamala = attorney Emma lupa
Nancy pelosi= Zarina
Hillary Clinton= Rose
DONALD TRUMP= Chandra ❤️
Why is Zarina allowed in the property management office late nights? Tenants have witness her being there after hours.
Mortgage to go from 12 to 18 makes sense but from 18 to 30 doesn’t especially with the highest interest rates, the new board could of waited a little bit more like until 2024 to see if they can get a better deal, but obviously they are rushing so fast to make so many new contracts and new deals to get their pockets filled. It’s just extremely obvious. Why the rush? Also, we need to look into the debit card that the property manager supposedly uses for the expenses of the coop. With all due respect Newman is a accredited accountant and well known. I’m surprised the coop fired him. He seems to have alot of experience with coops, he could have caught something over the years of fraud was occuring. Also, we’re there any “Bids” taken for the elevator improvements or Zarina hired her people right away?
This is Ron.
First. I deleted a complete July 30th comment. WHY???? Well, if you’re going to use this site to call anyone – by name – a whore… then you should put YOUR NAME at the end of the comment so that they know who to sue for libel. I cautioned everyone about this before.
Second. I don’t know how many people are using the THOUGHTS section of the website. It is an open forum and we created THOUGHTS so that all entries would be the private comments of the writer. There is no tracking of anyone’s writing or of how many times they wrote.
Third. STOP! with all the “Sky is Falling” comments about increases, mortgage payments, capital assessments, etc. as is commented on July 30th.
To the writer – we have always had mortgages; always had maintenance increases; always had capital assessment charges and your comments read like all hell is upon us.
I don’t have all of the info but we had a 12.5 million mortgage in 2007 and the next was 18 million in 2014. I don’t know why – according to the financials – we had a 16 million mortgage balance as of December 2021 but I ASSUME the 30 million was partially used to pay off that 16 million mortgage balance.
Our portion of a mortgage is included in our maintenance EACH MONTH. At the end of the year you get an accountant statement of the Real Estate Taxes and Mortgage payments that you paid as part of your monthly maintenance – – – you use that information when you file your Income Taxes.
Real Estate Taxes are set by the NYC Department of Finance. NYC also sets the price for water usage (the water ain’t free). Historically, the City has increased our costs every single year and that’s why, in the past, we would get a maintenance increase of 3 or 5 percent each January.
Keep in mind our buildings were “brand new” in 1954. – 68 years ago! The City has implemented a series of new building code laws and our co-op is mandated to meet the new requirements within a specific time frame. The work for those new laws is done under capital assessments.
The capital assessments are charged to you every June because June is when the City authorizes the management company to apply NYC Tax Credits (abatements, STAR, and exceptions for seniors, disabled, etc.) to your account. Charging the capital assessment dollars at the same time (June) as NYC’s tax CREDITS are applied to your account soften the hit to your finances.
I am not defending this Board [they really suck when it comes to communication] however, the lawyer spoke of existing lawsuits against the co-op (I know that to be true) and we need lawyers to fight the suits. Professional fees also include accountants and architects and there are City mandated inspections where we are required to absorb the cost of those third-party inspections.
I hope all of this tones down the July 30th comment.
For that matter, it might have been created by “THEM” just to scare the hell out of you in the hope you will rush to sell your apartment and give the brokers more business. … think so???
So how are we going to go bankrupt? There were many claims this was imminent and I’d like a walkthrough.
It originally looked like it was incompetence that pages were missing from the Financial Statement that was given out at last week’s meeting. Now it looks like it was purposely omitted so that we wouldn’t ask Emma questions about certain figures. And now they’re limiting the usual number of days for a new group to campaign. They know that the only chance for them to win is by using such tactics. Let’s see after we get other candidates if they hold a Candidates Night like we held in past elections.
On professional fees. The last management challenged the election for weeks until the results were officially announced. How do you think that was paid for?
So lets break this down per the financial we received today on our doorsteps:
1. Professional fees – it went from $64K to $207K, difference increase of $143K which this account represent legal fees going to the new attorney and also any other additional legal fees to other attorneys.
2. Wages – went from $1,609,153 to $1,577,419 (decrease of $31K) however, don’t be fooled, there is additional new categorized expense for “Purchased labor” – dont know what that is, but that makes up for the so called ” difference decrease”
3. Management fees – Emma stated she saved us money at the board meeting for management fees – however it went from $106K to $153K, which was an increase of $47,000, but the new management came into office in November 2021, therefore one month should have been billed for the new management, so your telling me that they took $47K for that one month? I also don’t believe it wouldn’t be such a big difference with last year if the prior management stuck around until December 31’st.
Please check page 18. They did release information for 2022
Last Tuesday at the informational meeting, we received ½ of the financial statement that we should have received last year. Incompetently, ½ of the statement was missing. Lawyer Emma Lupo said that we would get the full statement and the latest statement the next day. Six days have passed and we just received the full statement from last year and nothing for 2022. And the statement from last year (December 31, 2021 and 2020) would have been completed by the previous board and management. So all that the new board and lawyer accomplished was revising the work of others while still not producing a new budget. Whether this group is corrupt as some have said may or may not be true. Certainly, they are incompetent and unable to even speak at their own informational meeting. Haven’t we had enough?
I think our board need tenant technical team according to information meeting many engineering issued and violation with DOB.
Prepare proper RFP by AKAM and invite the contractors. And then review and select the proposals by technical team and board members for share holders benefit.
Eventually, our board are unhealthy that is why they paid and invited the lawyer lady ‘ mouth .
We need strong community to protect corrosion from anyone or any group.
US is land of opportunity and melting pot. Board member should involve with many race with clean background check.
To be healthy management group should not influence on board.
While most of us have no love for Zarina, let’s keep our eyes on the prize which is electing new board members. Arthur left because he said that there was instances of corruption. We need specifics. Rose has been doing interviews which is a conflict of interest since she’s Zarina’s real estate agent. It’s doubtful that she’s filed a Conflict of Interest form as required by law. And now we know that the board is meeting each week with Emma Lupo , the lawyer, collecting fees just as she did with the refinancing of our mortgage. Let candidates campaign on those and other issues first, then we can remove the outside influences from the board.
The new board not saving us any money. The attorney was speaking the whole entire board meeting, charging for that and every minute for speaking at a board meeting. Yes, they claim that maintenance won’t go up , but there will be extra charges on your monthly bill, not hitting the maintenance but instead capital assessments. New mortgage, and new building improvements. The management is claiming we need new elevators, they hired a new elevator company “ Obviosuly a man part of the “ russian community” making us believe that we need new elevators. How do we know that they are being honest. How do we know that the management is not purposely turning off the elevators to make us believe we need a new ones so that they can get their deal with a new Russian mafia company and make their cut. Anyone who owns an apartment in park city think about your future with selling your apartment. There will be an increase in Maintence and assessments and it will not be worth to rent out anyways. Think about your shares and dummy’s running the board. Also the board is stupid anyone on that board is stupid eventually when they all get caught for stealing they will liable for this and the master mind behind it will be safe because nothing is on her name but she’s running the show! Her boyfriend I feel bad for him because he will be caught too and she will be sipping pina colladas on her vacations.
How many shareholders views this website? That’s my question?
Shareholders – especially the women – beware of what you say to your neighbors. I am sure that at least two women have been feeding information to the attorney and Zarina. Evaluate your neighbor “friends”. Some just feel more powerful if they can spread gossip to the board and lawyer. We use to call them kiss-asses.
