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emergency generator apartment hook-up: Yes? No?

Started by pinecone
almost 10 years ago
Posts: 144
Member since: Feb 2013
Discussion about
My co-op plans to install an emergency generator for common areas (in light of long-term power outages following Hurricane Sandy). It is offering shareholders a one-time chance to pay for individual apartment hook-up (at a cost of several thousand dollars per apartment). I do not currently live in the building (I own a studio which we sublet, and which we will likely sell in the next few years). So my question is, does it make sense, specifically from a resale standpoint, to participate in this project? It's a lot of dough to put down for something that would only be used in extreme conditions. Would a future buyer consider this a value or is this a 'meh' kinda thing? Any thoughts greatly appreciated.
Response by uptown_joe
almost 10 years ago
Posts: 293
Member since: Dec 2011

I might skip it in your position. But here are a few thoughts:

- common areas is more likely to be a selling point -- water pressure, basic hall lights, elevators, etc. -- people can imagine living with flashlights for a while but water and elevators are different -- however:

- keep up with the Joneses; if your unit does not have this but a strong majority in the building do, you could suffer in some resale scenarios

- although demographic assumptions are dangerous, it might be a less crucial feature for many studio-dwellers (e.g. independent single adults), versus the value added to larger apartments where there is more likely to be some type of dependent involved, however on the flip side it could be highly appealing to a single occupant or couple who has life-sustaining medical equipment

- does your current tenant want it?

Would this be wired in to serve the entire apartment, e.g. including appliances, such that you could basically live normally? Or just a minimal portion? And I assume the building is in a position to properly test, maintain, manage, etc. over the long term? (it's useless if not tested and kept up)

If you decide to decline, see if the project can include a common "charging station" type area so future occupants can top off their cell phone, flashlight, etc. and then return to their darkened apartment to call for takeout.

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Response by pinecone
almost 10 years ago
Posts: 144
Member since: Feb 2013

Thanks Joe this is helpful. Current tenant is leaving in the fall per the three-year-out-of-five sublet policy. So it's not something he'd be affected by. Your thoughts re: the charging station idea etc are very good and questions I'll ask. I imagine this is something we could claim as a capital improvement for sale-related tax purposes but again, it is a hefty price to pay for a 400 ft2 studio.

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Response by JJ2
almost 10 years ago
Posts: 114
Member since: May 2014

Don't do it ... Fukkk the next owner

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Response by fieldschester
almost 10 years ago
Posts: 3525
Member since: Jul 2013

What flood zone is this in?

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Response by nyc_sport
almost 10 years ago
Posts: 813
Member since: Jan 2009

This is a rather massive and complex undertaking to distribute secondary power to a large number of end points, which presumably will provide only limited, emergency electricity to certain apartment circuits. It will also be a disaster of a mess trying to route new power into individual units (presumably from the roof?), add new switching and subpanels, etc. I would be concerned as to how the Coop is going to allocate the maintenance and operating cost of this thing. When it turns on, presumably it will be using the building's gas feed, to supply electricity in part to a select few units. Is the building going to pay to maintain the individual switching equipment? How about replacing that generator, which will be many times larger than needed for the building common areas alone. If the non-participating shareholders are effectively subsidizing this project, you may want to be in rather than out.

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