AOA: fighting inequity on many fronts. (Apartment Owners Association)

Real Estate Weekly | April 21, 1993 | Copyright

In the early 1950's, there were 5,000 cooperative apartment units in New York City. Today the figure has skyrocketed to 524,266 cooperative and condominium units with more than one million residents. This comprises 17.3 percent of the housing stock in New York City paying a whopping 36 percent of the city's residential property taxes.

The inequity created by the amount of tax paid by owners of cooperative and condominium apartments in contrast to the amount of tax paid by single family-home owners is one of the major issues facing owners of cooperative and ...

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