tag:blogger.com,1999:blog-30176473.post115776153560499998..comments2024-03-22T05:26:54.642-04:00Comments on nyc BLOG estate ®: The "Flip Tax"Mitchell Hallhttp://www.blogger.com/profile/00642953679432805990noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-30176473.post-70660273191581488342017-05-21T05:16:10.591-04:002017-05-21T05:16:10.591-04:00I was perusing your article and thought about whet...I was perusing your article and thought about whether you had considered making a digital book on this subject. You're composing would offer it quick. You have a ton of composing ability. <br />Roman lesnarhttps://www.blogger.com/profile/18036851073128899830noreply@blogger.comtag:blogger.com,1999:blog-30176473.post-44174186017392363402014-03-01T16:04:14.888-05:002014-03-01T16:04:14.888-05:00It depends on the coops incorporating documents. R...It depends on the coops incorporating documents. Rarely does 40% go to the city except in 60/40 buildings. The city portion should expire. Most HDFC coops still have a flip tax if they remain an HDFC coop. 2/3 of the building can vote the amount of flip tax or if they want to leave HDFC. HDFC coops rarely leave since they are being subsidized with very low property tax. The maintenance would increase significantly if they privatized. Mitchell Hallhttps://www.blogger.com/profile/00642953679432805990noreply@blogger.comtag:blogger.com,1999:blog-30176473.post-78999846413719249332013-09-07T08:02:02.373-04:002013-09-07T08:02:02.373-04:00Hi:
Thanks for informative article. Does flip tax...Hi:<br /><br />Thanks for informative article. Does flip tax and % split the same in HDFC buildings? Flip tax stays forever but how about the % share with the co-op management and the city of new york. I have a HDFC co-op and it will be out of the agreement in 2015. Does that mean at that time i don't have to share 40% of the profit with city? can HDFC ever become privatized?Anonymoushttps://www.blogger.com/profile/05608824509826759477noreply@blogger.com