The apartment building located at 524 W 151st St in New York, NY 10031 is named 522-524 H&DFC. H&DFC stands for Housing and Development Fund Corporation, which indicates that this building is part of a cooperative housing development.
Cooperative housing, often referred to as a co-op, is a type of ownership where residents own shares in the corporation that owns the building instead of owning their individual units. Each resident has the right to occupy a specific unit based on the number of shares they own.
The apartment building at 524 W 151st St consists of units that are part of this cooperative housing arrangement. This type of housing often offers affordability and collective decision-making power to the residents.
The building is located in the vibrant neighborhood of Hamilton Heights in Upper Manhattan. This area is known for its historic brownstones, tree-lined streets, and community atmosphere. It provides convenient access to various amenities, including schools, parks, restaurants, shops, and public transportation.
As a cooperative housing development, 522-524 H&DFC likely has its own governing board or association responsible for managing the building's affairs, including maintenance, repairs, and financial management. The specific policies and regulations governing residency and ownership would be dictated by the cooperative's bylaws and organizational structure.
In summary, 522-524 H&DFC is a cooperative apartment building located at 524 W 151st St in New York City. It offers residents an opportunity to become shareholders in a cooperative housing community in the vibrant Hamilton Heights neighborhood.
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