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Riverbaycorp.com November 17 2011 Thank you for requesting an application for a one two or three-bedroom apartment. Riverbay welcomes applicants seeking a home in a community with a city lifestyle and a suburban atmosphere. This will all be done approximately 90 days before we believe an apartment will be available. Riverbay advises all applicants to read this application in its entirety so that you can fully understand the application process and development for which you are applying for. Sho ...

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How much does a co-op City apartment cost?

Apartments cost between $13,500, for a basic one-bedroom, and $29,250, for a three-bedroom with one and a half baths and a balcony. Monthly carrying charges range from $646 to $1,394. Floor height plays a part in determining those fees; the high-rises range from 24 to 33 stories.

Is co-op city a nice place to live?

Co-op City is in Bronx County and is one of the best places to live in New York. Living in Co-op City offers residents a dense urban feel and most residents rent their homes. In Co-op City there are a lot of restaurants, coffee shops, and parks.

Why is Co-op City so cheap?

Though the bulk of the financing for the Amalgamated complex came from the Metropolitan Life Insurance Company, the co-op used provisions in the Limited Dividend Housing Companies Act to secure tax breaks that allowed them to keep monthly fees, known as carrying charges, affordable, making them about \u201c25 percent less ...

Is co-op City a good neighborhood?

Is co-op City affordable housing?

Co-op City, the nation's largest affordable housing cooperative, has secured $621 million in refinancing loans from the federal government with $124 million in repair and improvement projects, as well as 10-year extended affordability for 15,372 units in the area.

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Is Co-op City subsidized housing?

Co-op City was developed under New York's Mitchell-Lama Program, which subsidizes affordable housing.

What does co-op City mean?

Co-op City (short for Cooperative City), located in the Northeast Bronx, is the largest cooperative housing development in the world.

Who is the owner of Co-op City?

Riverbay Corporation, the property management company that manages Co-op City, welcomes you to its web site. Co-op City is a New York City Mitchell-Lama cooperative located in the Northeast Bronx. With 15,372 apartments in 35 high-rise buildings and 7 townhouse clusters, Co-op City has approximately 50,000 residents.

What is it like to live in co-op City?

Co-Op City is a wonderful place to live. It has its own mall, which is probably the reason it gets a bit crowded in the afternoon. The buildings have laundry rooms in the basement, there are countless playgrounds, a huge grassy area, and parking for residents.

How many apartments are in Coop City?

Co-op City is a New York City Mitchell-Lama cooperative located in the Northeast Bronx. With 15,372 apartments in 35 high-rise buildings and 7 townhouse clusters, Co-op City has approximately 50,000 residents.

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