Can I convert a commercial space to residential?

What's the zoning on the space? Is it both commercial and residential, or just commercial?

Let us know what happens. I hope it works out.

I'm not sure what the zoning is, still at the very early stages. It is a brownstone building with 8 apartments and one commercial space on the ground floor.

The taxes will be VERY expensive....

Who owns it? The Coop? or is it a condop where the commercial is already seperate.
Mav brings up an excellent point.
If the coop presently owns it, they won't reallocate shares to lower the tax burden and increas everyone elses.
In the end, it's probably still more valuable as a commercial space.

truthskr - thanks this is helpful, the coop owns it. I do not believe the commerical tenant (owner) has a separate property tax bill. They pay maintenance to the coop and receive a 1098 like the rest of the residential tenants with their share of property tax and mortgage interest included.