From the Queens Chronicle:Faced with hefty mainten- ance bills and ever- rising mortgage payments, Parkway Village residents are mulling a proposal by a Manhattan real estate firm to dissolve the historic co-op and sell it to developers.
Parkway Villagers Mull Proposal To Sell Co-op
If enough shareholders give their consent, the firm would get exclusive brokerage rights to the property. But Prudential Douglas Elliman faces a slew of hurdles, starting with convincing enough residents to actually entertain the notion of a sale.
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3 comments:
H-m-m-m.....let's introduce a new phrase...."EMINENT DOMINATION" !
"According to Dana, residents would then have to bring a zoning consultant to the cooperative to evaluate the feasibility of upzoning its 9.1 acres to accommodate high-rises and other structures. The current zoning only allows three stories."
Huh? What? Why is this the answer to everything? Where did this come from?
This is being led by a developer ans 4 residents.
Over 120 families have already pledged to defeat
any such sale/development...greed will be
defeated.
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