Q: What Types Of Work Require a Renovation Application?

There are two renovation application forms: The simple form may be used for painting and plastering, sanding and refinishing floors, shelves, lighting fixtures, installation of sink faucets, replacement and redoing the interior of closets. There is no application fee or deposit required for this type of work however you are required to use a contractor licensed in the State of New York who carries a minimum of $500,000 liability and a minimum of $500,000 in property damage insurance. The contractor must have worker’s compensation insurance covering all their employees and subcontractors in amounts as required by statute. A Certificate of Insurance must be provided to the co-op, which will name both 200 East 16th Street Housing Corp. and Orsid Realty Cooperation as additionally insured. The standard form is required for any more extensive work. There is a $250 application fee and a security deposit in the amount of $2,500.00 is required. The deposit will be refunded after all alterations have been completed and deemed to be in compliance with the requirements. As with the simple renovations, you are required to use a contractor licensed in the State of New York who carries a minimum of $500,000 liability and a minimum of $500,000 in property damage insurance. The contractor must have worker’s compensation insurance covering all their employees and subcontractors in amounts as required by statute. A Certificate of Insurance must be provided to the co-op, which will name both 200 East 16th Street Housing Corp. and Orsid Realty Cooperation as additionally insured.

Question 1

What Types Of Work Require a Renovation Application?

Accepted Answer

There are two renovation application forms: ​ The simple form may be used for painting and plastering, sanding and refinishing floors, shelves, lighting fixtures, installation of sink faucets, replacement and redoing the interior of closets. There is no application fee or deposit required for this type of work however you are required to use a contractor licensed in the State of New York who carries a minimum of $500,000 liability and a minimum of $500,000 in property damage insurance. The contractor must have worker’s compensation insurance covering all their employees and subcontractors in amounts as required by statute. A Certificate of Insurance must be provided to the co-op, which will name both 200 East 16th Street Housing Corp. and Orsid Realty Cooperation as additionally insured. ​ The standard form is required for any more extensive work. There is a $250 application fee and a security deposit in the amount of $2,500.00 is required. The deposit will be refunded after all alterations have been completed and deemed to be in compliance with the requirements. As with the simple renovations, you are required to use a contractor licensed in the State of New York who carries a minimum of $500,000 liability and a minimum of $500,000 in property damage insurance. The contractor must have worker’s compensation insurance covering all their employees and subcontractors in amounts as required by statute. A Certificate of Insurance must be provided to the co-op, which will name both 200 East 16th Street Housing Corp. and Orsid Realty Cooperation as additionally insured.

Question 2

What Tax Abatements Do I Qualify For?

Accepted Answer

All shareholders qualify for one or more of the following tax abatement programs offered by New York City and New York State. To be sure you are taking advantage of all the programs for which you qualify, check your monthly maintenance bills during the first six months of the year or the Managing Agent. Co-op/Condo tax abatement — This is offered to all shareholders who own three or less apartments. It shows up as a credit on your maintenance bill sometime between January and April. STAR Program — This abatement must be filed by each shareholder directly with the City. Contact them at 212-361-8215 or on the internet at http://home.nyc.gov/html/dof/html/ctd238.html. Veteran Exemption — Offered to all honorably discharged wartime veterans. The application must be filed by the shareholder. Contact the City at 718-935- 9500 or on-line at www.nyc.gov/html/dof/html/ctd122.html. Senior Citizens — There are two abatements offered to senior citizens: the enhanced STAR program and the SCHE program. The enhanced STAR program uses the same application as the STAR program (see above). The SCHE program is for seniors with annual income less than $29,900. Information on the SCHE program can be obtained at 718-935-6736 ext. 440 or on-line at: www.nyc.gov/html/dof/html/exemptions.html.

Question 3

What Should I Do If My Carbon Monoxide Detector Goes Off?

Accepted Answer

First, immediately open all windows in the apartment. This will allow the apartment to be fully ventilated and any actual gas buildup can escape. Next, report the incident to the front desk, and they will decide what further steps may be required, including notification to the NYFD if it is determined that an actual CO leak has occurred. (Keep in mind that there have been reports of defective devices triggering false alarms).

Question 4

What Are The Homeowner's Insurance Requirements for the Building?

Accepted Answer

The recent (August 2003) amendment to the proprietary lease, stipulates all shareholders must have insurance coverage for at least the following amounts: Public Liability/Personal Injury — $200,000 per accident/$50,000 for property damage per accident. Water Damage Insurance — $5,000 (if the casualty insurance does not cover water damage). Casualty Insurance — $25,000 on the contents of the apartment. All insurance policies must name “200 East 16th Street Housing Incorporated” as additional insured. The Board and Orsid Realty Cooperation have arranged with the insurance broker for the Co-op to offer the required insurance at a cost of approximately $129 per year. If you are interested in obtaining this policy contact Steven Principe at 516-221-2599 for complete details. If you chose to use a different carrier, please make sure that your policy meets these new requirements.

Question 5

I've Just Found a Buyer For My Apartment, How Do I arrange an Interview?"

Accepted Answer

First, your buyer must fill out a purchase application form. And once the application is fully completed, your purchaser sends seven copies (plus the original application) to the managing agent. The final step is an interview with the board of directors, which must be scheduled via the Managing Agent.

Question 6

Can I Store My Bike In The Basement?

Accepted Answer

Yes, there is a bike room. The fee is $125/year. There are currently spaces available. The Bike Room Application/Agreement can be downloaded from the Forms and Documents Page

Question 7

Can I Store Other Things In The Basement?

Accepted Answer

Generally no however we do offer private storage lockers. Please contact the Superintendent for availability, sizes, and fee.

Question 8

How Do I Make My Monthly Maintenance Payment?

Accepted Answer

There are four ways to make your maintenance payment:   Check – Pay by check and mail payment to: 200E 16th Street Housing Corp. % Orsid Realty Cooperation, P.O. Box 11684, Newark, NJ 07101-4684 ACH – Automatic transfer of monthly amount due, initiated by our office. You authorize our office to deduct payment from your bank checking or savings account on the 5th day of each month. The ACH Authorization Agreement has been distributed by Orsid Realty Cooperation. Please contact the Managing Agent for additional information at this time. RPS (Remittance Payment Processing) – Online remittance payment set up by you on your Bank’s website. If you enter your building account information and mailing information as shown on your monthly invoice the payment from your bank will be electronically delivered. Pay Online – Details will be forthcoming. Please contact the Managing Agent at this time.   If you have any questions, please email the Managing Agent.

Question 9

Is There A Flip Tax In The Building?

Accepted Answer

Yes, and it’s 3%.