111-15 75th Avenue Owners Corporation

- 111-15 75th Ave, Flushing, NY 11375

In the diverse and vibrant borough of Queens, finding a home that combines stability, comfort, and community is a top priority for many New Yorkers. The residential landscape in Queens is rich with cooperative (co-op) buildings, a popular form of ownership that offers a unique set of benefits and a strong sense of shared community. For those seeking to buy an apartment that is not only a comfortable living space but also a sound financial investment, the management and financial health of the building are crucial factors. The 111-15 75th Avenue Owners Corporation, which manages a residential building in Flushing, is an example of a property that has garnered positive attention for its stability and upkeep.

The 111-15 75th Avenue Owners Corporation is the managing body for the residential cooperative building located at the same address. As a co-op, this property operates under a distinct ownership model where residents own shares in the corporation that owns the building, rather than owning their individual unit outright. This structure allows the resident-owners to have a direct say in the building's operations and financial decisions through their elected board of directors. The corporation is responsible for all aspects of the building's management, including maintenance, finance, and community governance. While it functions as a form of "apartment rental agency" in the broader sense by managing the units and their occupancy, its core identity is that of a cooperative ownership entity.

For potential buyers or current residents, the most important aspects of a cooperative are its financial stability and the quality of its management. A financially stable co-op means that the building has a healthy reserve fund, a manageable budget, and a responsible approach to fees, which protects property values and provides peace of mind for shareholders. Reviews from residents highlight that this building is "well kept" and "financially stable," which are two of the most significant endorsements a co-op can receive. This indicates that the owners and management have worked together to create a secure and desirable living environment, making it a compelling option for those looking to invest in a long-term home in Queens. The shared responsibility of co-op ownership often results in a strong community where neighbors are invested in the well-being of the building, a feature that is highly valued by many New Yorkers.

The building's location and reputation for stability make it a noteworthy option for anyone searching for a home in the Flushing area. It represents a living model that is both a place to live and a managed, collective asset.

The 111-15 75th Avenue Owners Corporation is located at 111-15 75th Ave, Flushing, NY 11375, USA. This address places the building in a desirable part of Flushing, a neighborhood known for its diverse population, excellent food scene, and vibrant cultural life. The location offers a balanced mix of urban convenience and residential tranquility, making it a great place to call home. The building is situated on a residential street, providing a peaceful environment away from the main commercial thoroughfares.

Accessibility is a major highlight of this location. The building is within walking distance of several subway stations, including the Forest Hills-71st Avenue station, which is a major hub serving the E, F, M, and R subway lines. This provides a quick and efficient commute to Manhattan and other parts of Queens. For those who rely on bus service, there are several MTA bus lines that run along nearby streets, offering even more transportation options. The area is also highly walkable, with a wealth of local shops, grocery stores, restaurants, and parks all within easy reach. The proximity to key public transportation lines and local amenities makes this building not only a great place to live but also a smart location for a long-term investment.

As the managing body of a cooperative, the 111-15 75th Avenue Owners Corporation offers services that are specific to the needs of its residents and the operations of the building. These services ensure that the property remains a desirable and well-managed place to live.

Services offered include:

• Apartment Management and Sales Oversight: The corporation, through its board and management team, oversees the process of buying and selling shares (apartments) within the building. This includes managing applications, ensuring compliance with co-op bylaws, and providing essential information to potential buyers.
• Financial Management: The corporation is responsible for the financial health of the building, including setting and collecting monthly maintenance fees, managing the building's budget, and maintaining a reserve fund for future repairs and capital improvements.
• Building Maintenance: The management team is in charge of all aspects of the building's physical upkeep. This includes daily cleaning, regular maintenance, and larger-scale projects like facade repairs or elevator upgrades.
• Community Governance: The Owners Corporation acts as the governing body for the building, making decisions that affect all shareholders. They enforce building rules and regulations and ensure that the cooperative operates smoothly.

The ability to handle all these functions in-house makes the building a self-sufficient and well-regulated community.

The 111-15 75th Avenue Owners Corporation stands out due to several key features that are highly valued by residents of co-op buildings in New York City. These highlights are a direct reflection of the building’s successful management and community focus.

Features and highlights include:

• Financial Stability: As noted in resident reviews, the building is "financially stable." This is a crucial indicator of a well-run co-op. Financial stability means that the building is not facing unexpected large assessments, has a healthy reserve, and can fund necessary repairs and improvements without placing an undue burden on shareholders.
• Well-Kept Property: The reviews also praise the building for being "well kept." This speaks to the high standards of maintenance and cleanliness that are upheld by the management and the community as a whole. A well-kept building is not only a pleasant place to live but also helps to maintain and increase property values.
• Cooperative Ownership Model: This model fosters a strong sense of community and shared responsibility. Shareholders have a direct voice in the building's governance, which promotes active participation and collective decision-making.
• Prime Location: The building's location in Flushing provides residents with access to a rich array of amenities, including diverse dining options, convenient transportation, and local parks.

These features make the 111-15 75th Avenue Owners Corporation a highly desirable place to live for those who value stability, community, and quality of life.

For inquiries about the building or its management, you can reach the 111-15 75th Avenue Owners Corporation using the following information.

Address: 111-15 75th Ave, Flushing, NY 11375, USA

Phone: (718) 263-3803

For a New Yorker considering a home in a co-op, choosing a building like 111-15 75th Avenue is a smart and worthwhile decision. The core reasons for this lie in the building's verified financial stability and the fact that it is well-kept, as confirmed by resident reviews. In the competitive and sometimes unpredictable New York real estate market, these are two of the most important factors for long-term peace of mind and investment protection. The financial health of a co-op directly impacts the security of your home and the predictability of your monthly maintenance fees. A financially stable building is less likely to surprise you with a hefty special assessment for a major repair.

Furthermore, the cooperative ownership model, managed by a dedicated board and corporation, ensures that residents are more than just tenants—they are stakeholders. This structure fosters a community where everyone has a vested interest in the property's success and upkeep. For someone looking to build a life in a vibrant neighborhood like Flushing, this combination of financial security, quality living conditions, and a strong sense of community makes the 111-15 75th Avenue Owners Corporation an excellent choice for a long-term home.

111-15 75th Avenue Owners Corporation

111-15 75th Ave, Flushing, NY 11375, USA