One Brooklyn Bridge Park

OBBP has extensive flood coverage through the NFIP and a private insurer. Between the two policies, almost all damages sustained as a result of Sandy and related expenses will be covered. OBBP has renewed both policies.

As for CCs, the is NO increase for the second year in a row. The building is very well managed and has excellent finances.

What services, if any, we're interrupted and for how long; did people had to stay away or could they quickly return to their condo .

While it has been discussed at length on other thread, OBBP lost water and elevator service. It did not lose electric service to the residential units at any time, but the loss of water resulted in a loss of heat to the apartments. Partial elevator service was restored in 5 days with full service returned in 7 (if I recall correctly). Water, and therefore heat, was restored within 10 days of the storm. Residents were able to stay in their units at all times after the storm.

I should have noted previously that OBBP is undertaking a flood mitigation plan, which will safeguard its core mechanical systems (the vast majority of the damages were to sustained to these systems) from a storm of a greater severity then Sandy. These improvements will be made within the operating budget and not require any assessment or increase in common charges.

>These improvements will be made within the operating budget and not require any assessment or increase in common charges.

How is the possible?

How is that possible?

It is possible because the work can completed using available reserves.

So it's still expensive.

Expensive is relative. Considering that it is a one time expenditure that will safeguard the building from a more severe flooding event than Sandy, I would consider it rather inexpensive particularly considering that it will not place any additional cost on unit owners.

It eats up the reserves, right?

Those remaining unsold units at OBBP should now be offered at a discount by the developer, RAL.
Pre-Hurricane Sandy/post Hurricane Sandy: there are still unsold units ,left in that Building.

gator is happy there with his investment and good for him. All best to him there.
OBBP is still not sold out.
The remaining units are not desirable as an investment, nor a primary home.

What are they doing to secure the ground level equipment --- presumably that is relevant to a number of buildings along the river. What's, roughly , the cost ? (Even a few million dollars would seem well worth the expenditure)

what a crappy building - runs their finances treating owners' pocketbooks loose and fast to keep a stash hanging around. or doesn't pay their poor workers out of the stash for all the crazy overtime they must have incurred keeping a jackass tenant like gator happy

I don't know. I only know that RAL cut corners during construction.
His son, Ian is the managing agent. Very nice for RAL and Ian.

RAL does not live there, nor does Ian.
gator claims that RAL's younger son, Spencer was the first to "purchase" a unit at OBBP.
You can bet that Spencer high-tailed it outta' there before Hurricane Sandy hit OBBP.

Back in 1999 I gave RAL 4 primo tickets to the Bob Dylan show at Jones Beach Theater, for Spencer.
It rained on that night of the concert. The concert was billed: "Rain or Shine" (for those who actually paid
for tickets).
Spencer did not go to the concert (although it was sold-out) and he did not return those 4 primo tickets to me, which I could have held at the "Will-Call" booth, for others who would have loved to go there and see the concert.)

That's the way RAL and Sons roll.

"No I would not give you false hope
on this strange and mournful day

But the mother and child reunion
is only a motion away, oh,
little darling of mine
I can't for the life of me
remember a sadder day
I know they say: Let it be

But it just don't work out that way
and the course of a lifetime runs
Over and over again

I just can't believe it's so,
though it seems strange to say
I never been laid so low
In such a mysterious way

and the course of a lifetime runs
Over and over again

Oh the mother and child reunion
is only a motion away,
Oh the mother and child reunion,
Is only a moment away.

Truth. U eve worry that those guys will read your comments and raled (riled) up?

reallynow:

I think that your comment (as it's written) refers to the possibility that "those guys will read (my) comments
and (get/become) riled-up?"

really now: They have been reading my comments here for several years now.
If they are "riled" up, that's their problem -- not mine.
There is nothing that they can do.

Thanks for the info!

Tell them, Truth!

secondtimearound:
My comment was not meant to "tell them!" anything that they do not already know.

Apartments on the lower Brooklyn side of the building (no views) are noisy apartments due to the BQE Expressway just outside your window much lower priced apartments. Also BEWARE the J 51 tax abatement is starting to roll up to FULL TAX!

The waterside of the building has fantastic Manhattan and harbor views and are much more quiet apartments.
Two new condo buildings are coming to the south end of the building with low income housing too.

As per, it is starting to get a little crowded, however great park in Brooklyn Heights!