One Hanson Board Jacks Common Charges 17 Percent
According to a letter that went out last week, life at One Hanson Place is about to get more expensive. While 2008 expenses were less than expected, the Board of Managers foresees more costs this year. A couple of the reasons include service contracts for the mechanicals and the purchase of an apartment for the…
According to a letter that went out last week, life at One Hanson Place is about to get more expensive. While 2008 expenses were less than expected, the Board of Managers foresees more costs this year. A couple of the reasons include service contracts for the mechanicals and the purchase of an apartment for the “resident manager” of the building. (Nice gig!) In addition to being irked by the rising costs themselves, our tipster was extra-peeved when he learned that the Board doesn’t have a single condo owner on it, that it’s basically the tool of the developer. Can anyone confirm?
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January 21, 2009
All Unit Owners
One Hanson Place Condominium
One Hanson Place
Brooklyn, NY 11243
Re: Common Charge Increase
Dear Unit Owners:
The building’s fiscal year-end was December 31st and the Board of Managers met in order to review the 2008 operating expenses and prepare the budget for 2009.
The building’s actual expenses for this year, 2008, were less than projected; however, in 2009 there will be expenses that were not required during the first year of operations. These expenses include service contracts for all of the mechanical equipment in the building, expenses related to the purchase of the resident manager’s unit, as well as increased operating costs in utilities, water & sewer, insurance and payroll-related expenses.
It is the Board’s responsibility to ensure the building remains financially sound, and only to increase common charges in order to meet projected needs. As a result, effective March 1st, 2009 residential common charges will increase 16.93% – this fiscal discipline should make 2009 a successful year. The common charge increase will be retroactive to January 1st and will be billed in two installments in March and April.
The Board does not take lightly the need to raise common charges and thanks everyone for their understanding.
Board of Managers
LOL The What is mad.
So it is true you do live in a basement of your mom’s house.
So sad yet so funny. Don’t worry. When your mom gets divorced that man that has been molesting you will go away. Until your mom gets a new boyfriend.
Feel that cold draft behind you The What? That is either the open window or your future.
“Hey BHO Do you ever notice the Forte an night, LMMFAO. I think there is on 10 people in there and the rest of the units is empty!”
I can’t find it at night. They can’t even afford to fool us.
***Bid half off peak comps***
“Sounds like owners in this bad boy have to help absorb carrying costs attributed to unsold/unrented units.”
Ding ding ding!!! The collapse of the Mutant Asset Bubble is draining money from Rejects eh. I mean Projects like this Hellhole. Hey BHO Do you ever notice the Forte an night, LMMFAO. I think there is on 10 people in there and the rest of the units is empty!
The Dumbasses are running out of money and will walk away very soon..
The What is just pissed that crimsonson mom sucked him off and didn’t swallow…
Buh Bye Retards. Nice knowing ya…
The What (Obama Save Us!!!!)
Someday this war is gonna end…
Sounds like owners in this bad boy have to help absorb carrying costs attributed to unsold/unrented units. That picture can be interpreted as one hell of a metaphor. Anybody know the score on the “One Hanson Remainders Go Rental”?
***Bid half off peak comps***
The What is just pissed that his mom just raised the rent.
Ironballs – Maybe your tenants are planning on moving someplace else and just want the next year to look for a new place.
I have some bad news for you retards who brought into the Hype! The companies that manage these big condo’s (Oro, Toren, Forte, etc.) are running out of money. When the funds run out, your maintenance is going thru the roof and if you don’t pay it, service will be cut off to your building…
Buh bye retards. Nice knowing ya….
The What (Obama will save us….)
Someday this war is gonna end…
The super is required to live in the building and all of this had to have been disclosed in the offering plan. If anything, when a sponsor/developer controls the board (and pays the shares for all those units that are still unsold), he is likely to keep all costs to a minimum.
And where does a building gets a reserve fund except from the owners? For Hanson, it should be no less than $.5 MM to start. The way to increase reserves is through fees (like flip taxes), refinancings for coops (making maintenance higher) or assessments — not through maintnenance that pays operating costs.
If the purchase of “managers” apartment was not outlined in the offering plan then the purchasers have every right to be outraged and threaten legal action. However, I would assume that the purchase was clearly outlined in the offering plan–and the purchaser’s attorney should have picked up on it. Is there anyone out there who lives in the building who can confirm what is outlined in the offering plan?