Parkway Village was built in 1947 as rental housing for United Nations workers. In 1982, it was converted into co-ops. But the times, they are a-changin'...
As Parkway Village residents brace for crippling federal fines and hefty new heating bills, a rift is growing between those who want to cut their losses by selling their property to developers and those hoping to preserve the historic co-op.
Parkway Village Residents Consider Dissolving Co-op
At a March 28 meeting at Flushing’s Hillcrest Jewish Center, Prudential spokesman Richard Dana reportedly advised about 50 residents that before proceeding with a sale, they should hire an independent zoning consultant to evaluate the feasibility of upzoning the co-op for high-rises and other structures. The current R-4 zoning only allows for three-story units, according to Community Board 8 member Florence Fisher.
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