Rochdale Village, New York (NY)

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General Information about Rochdale Village

Rochdale Village (also called Rochdale) is a 20-building, 5,860-apartment[1] residential cooperative designed by architect Herman Jessor and built by the United Housing Foundation, consisting of five circles of four buildings in the South Jamaica neighborhood of the New York City borough of Queens. The United States' second largest housing co-operative,[1] it was founded by garment workers in 1965[1] to set a precedent for establishment of future cooperative housing.
Rochdale Village was named after the English Town of Rochdale, Greater Manchester, England, where the Rochdale Pioneers developed the Rochdale Principles of cooperation. The neighborhood is part of Queens Community Board 12.[2]

Read more about Rochdale Village from Wikipedia This article is licensed under the GNU Free Documentation License.

Stats about Rochdale Village

Total Population: 0
Cost of Living
Median Household Income: $0
Median Home Value: $0
State sales tax: 4.0%

Rochdale Village, New York

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youngretiree (currently lives here; has lived here for Over 10 years):

"Not a good place to retire. "

ROCHDALE VILLAGE is a bad choice for a retiree. The prices seem reasonable for a New York City property, but it is more like rent stablized apartments with a Board of Directors who are an extension of management. The Board is not working in the interest of the people that reside here. There is a history of mismanagement, and controversey surrounding the property manager Marion Scott. Read the story from 2009. There is no golf course, pool, or real since of a retirement community. There is an aging population that has been here from the inception or at least 20- 30 years, but newer residents are young working class people that are here only because it is cheaper than some privately own real co-ops. If you do decide to live here realize that you do not own anything! The "equity you put forth is non interest bearing. Moreover , Rochdale will take back whatever they can get out of your equity for restoration fees. And worse yet, a new lease which some have agreed to ,require the so called " tenant" or cooperator to pay up to 3 months carriying charges once he or she vacates the property. This is something the Board agreed to, mostly based on the need for cleaning up the financial mess created throughout the years. How unfair to charge additional monies when you return the property or move out, and only get back part of your non-interest bearing equity. When I moved in ,the equity was approximately $4,000 for a 1 bedroom apartment. The prices have increased over time due to rising costs and inflation, but there is no excuse to squeeze people for more money as they move out. Who has money to pay for another residence? Security deposits, Real Estate agent fees, and so on, and then pay for an apartment that they vacated? This is what is going on at Rochdale Village now. Beware of the new lease agreement. Unfair . If you buy a Co-op you want to be part owner. This is not a part owner arrangement. You own nothing! the Rochdale Management takes back the apartment and you get only a portion of your equitty. When I moved here 15 years ago ,I was hoping to get back my equity, but now it seems that they want to take most of it. You, as the tenant can expect deductions for minor repairs or restoration if you prepare the apartment for resale, but the extra carrying charges is ridiculous. It is not worth it. Retire to a different state, where you can get a lot more for your money without the noise, crime, and lack of enough parking. Or it may be better to go further east on Long Island where you can sale the property in a fair market. This is a losing deal!

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