Co-op City News

Deal of the Day

noreply@blogger.com (Got a tip?) — Tue, 14 Feb 2012 09:10:39 PST

NEW YORK, Feb. 14- Save up to 50% and more on shoes, jackets (including North Face) and tops.

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Deals on iPhones, TVs

noreply@blogger.com (Got a tip?) — Mon, 13 Feb 2012 12:28:41 PST

NEW YORK, Feb. 13- Deep savings on electronics.

Save $350 on iPhones.

$100 off on TVs.

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Deal of the Day

noreply@blogger.com (Got a tip?) — Mon, 13 Feb 2012 07:51:27 PST

NEW YORK, Feb. 13- Get a home theater system for under $200.

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Deal of the Day

noreply@blogger.com (Got a tip?) — Sat, 11 Feb 2012 11:09:19 PST

Last Minute Valentine Sale!

NEW YORK, Feb. 11- Last chance to get your Valentine a last minute gift that looks like something more than a 99 Cents store rose.

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Cars, accessories for sale

noreply@blogger.com (Got a tip?) — Fri, 10 Feb 2012 10:58:15 PST

NEW YORK, Feb 10- Sale on remote car starters.

PLUS sales on scores of cars

and accessories.

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Deal of the Day

noreply@blogger.com (Got a tip?) — Fri, 10 Feb 2012 09:37:42 PST

Clearance Sale!

NEW YORK, Feb 10- Save $100 and more on women's tops and coats.

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Women’s sale

noreply@blogger.com (Got a tip?) — Thu, 09 Feb 2012 15:01:49 PST

NEW YORK, Feb. 9- Deals on women's outerwear. Some items cut in half.

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Comrade Moneybags?

noreply@blogger.com (Got a tip?) — Thu, 09 Feb 2012 14:02:09 PST

Cylich claims to be `the little guy' but is one of the wealthiest in Co-op City

By Michael Horowitz

BRONX, NEW YORK, Feb. 9- Riverbay board member Bernard Cylich, a strident opponent of privatization here who owns private homes in Copake Falls, NY, and in Charlotte, NC, would have the people of Co-op City believe that he is “the little guy.”

That's what Cylich told the Daily News, last week, in response to revelations, first published in the City News, that the left-wing board member owns homes, as well as a Florida timeshare, valued at more than $600,000.

The reality is that based on the most recent U. S. Census, one might reasonably conclude that Cylich is among the wealthiest shareholders in the local community.

The census data shows that the average household income within the 10475 zip code, where Co-op City dominates, was $40,528 per year and that most households had incomes of less than $30,000 per year.

The incomes of Co-op City's shareholders suggest that most people in the community, unlike Cylich, are among the lower middle class, struggling to make ends meet from one paycheck or one subsidy check to the next.

Cylich's defenders, including Riverbay board member Andrea Leslie, have accused the board member's critics, including City News, of “beating him up” for political purposes.

In a Viewpoint in last Saturday's Co-op City Times, Leslie said that Riverbay president Helen Atkins and a number of other board members own homes in addition to their apartments in Co-op City.

Based on the most recent census data, it would appear that these individuals are not your typical Co-op City shareholders.

Commenting this week, privatization supporter Richard Friedman noted, “I don't own another home because I can't afford to buy one. If Co-op City were to privatize, people, like me, would have a chance to have the full benefits of homeownership, something Mr. Cylich has through the ownership of his home, but something he has denied to people, like me, who have more limited means than he has.”

Riverbay board member Al Shapiro, when asked if he owned homes elsewhere, stressed that he, like most other Co-op City shareholders, has been too preoccupied with making ends meet financially to consider buying a second home.

“I was too busy trying to figure out how to earn enough money to raise children to think about buying a second home,” Shapiro stressed, in a telephone interview this week. “Quite honestly, I think my situation is very typical in Co-op City.”

The Mitchell-Lama program, which Cylich has glorified in numerous public statements, was conceived as a vehicle to promote housing for people of limited and moderate means.

In fact, in order for one to maintain a residence in Co-op City, the community must be that person's “primary residence.”

Based on the most recent census, it seems extremely unlike that many of the community's shareholders can afford to own homes valued at more than $600,000 --- the way Cylich and his wife, Elidia, do.

Cars for Sale

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Biz puts kaibosh on condo plan

noreply@blogger.com (Got a tip?) — Thu, 09 Feb 2012 13:55:29 PST

Storeowners pour `cold water' on plan for purchases of stores

By Michael Horowitz

BRONX, NEW YORK, Feb. 9- In several meetings with Co-op City management officials, owners of stores in Co-op City's three shopping centers, some of whom have invested significant money in the upgrading of their places of business, have poured “cold water” on the suggestion that their stores should be turned into condominium units.

Interviewed this week, storeowners, interviewed this week on condition of anonymity, either rejected the condominium idea out of hand, or said that the price for the stores that management is talking about, between $100 and $150 per square foot, is way out of line.

One merchant noted, “This isn't Manhattan. There's no way we're going to have significant street traffic. We have a limited customer base in Co-op City, and we're barely making it as it is. As far as I'm concerned, the idea of having us purchase our stores is ridiculous. When the idea was brought up at meetings with people with management, we (the merchants) told them that we weren't interested.”

The merchant added, “I think it's ridiculous that the people in management keep bringing this up, when there is so little interest on the part of the merchants. There are things that the people in management could do to help us, such as the improvement of signage, but they've done very little to support us. When we have maintenance-related issues, we always seem to have a hassle.”

A second merchant, saying that it is incumbent upon management to do more to improve conditions at the three shopping centers, stressed that it is absurd for Riverbay Corporation officials to constantly waste the time of merchants with “silly ideas.”

Another merchant, when asked about the idea of buying his store, responded, at first, that the idea seemed interesting. However, the storeowner had a change of heart after hearing that the price for the stores would be between $100 and $150 per square foot.

“That's just too much money,” the merchant said. “I don't see how I could turn around, some time in the future, and sell m y store for a profit.”

A third merchant, when told about the chance for store purchases, reacted, at first, with enthusiasm, saying that it was his intention to grow with the local community in the years to come.

“I would definitely be interested in buying my store as an investment if the price were right,” the storeowner said. “However, I think it is way out of line to expect a storeowner to pay $100,000 to $150,000 for a store that is 1,000 square feet.”

Car Sale

noreply@blogger.com (Got a tip?) — Thu, 09 Feb 2012 09:46:15 PST

Presidents Sale

NEW YORK, Feb. 9- Get a car for only $89 - $99/ month.

Deals on Nissans, Fords, Hyundai, Toyotas.

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Deal of the Day

noreply@blogger.com (Got a tip?) — Thu, 09 Feb 2012 08:16:21 PST

Great deals for mommy and baby

NEW YORK, Feb. 9- Get Baby Tees only $3. Get deals on cookware

and boots for mom.

$20 Instant rebate on cookware.

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Deal of the Day

noreply@blogger.com (Got a tip?) — Wed, 08 Feb 2012 11:06:09 PST

Presidents’ Day Car Sale

NEW YORK, Feb. 7- Great deals on new and used cars AND accessories.

50% off rims

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Kings of the city

noreply@blogger.com (Got a tip?) — Wed, 08 Feb 2012 08:45:06 PST

News photographers Seitu Oronde and Gary Quintal met a sea of blue as Giants fans celebrated their team’s Super Bowl win with a ticker tape parade down the Canyon of Heroes.

Deal of the Day

noreply@blogger.com (Got a tip?) — Tue, 07 Feb 2012 08:16:45 PST

Electronics sale

NEW YORK, Feb. 6- $40 for a digital camera. $100 for a digital tablet.

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Superbowl Champs gear

noreply@blogger.com (Got a tip?) — Mon, 06 Feb 2012 08:22:38 PST

NEW YORK, Feb. 6- Celebrate the Giants' Super win over the Patriots with Giants gear.

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Deal of the Day

noreply@blogger.com (Got a tip?) — Sat, 04 Feb 2012 10:03:29 PST

NEW YORK, Feb. 4- Get everything you need for your Valentine.

Deals on jewelry, clothes and even perfumes.

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Deal of the Day

noreply@blogger.com (Got a tip?) — Fri, 03 Feb 2012 08:05:51 PST

NEW YORK, Feb. 3- Save 60 to 70% on women’s

clothing clearance.

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Rangel seen `tainted by his ethical choices'

noreply@blogger.com (Got a tip?) — Thu, 02 Feb 2012 15:04:16 PST

By Michael Horowitz

BRONX, NEW YORK, Feb. 2- Reacting to the news that Rep. Charles Rangel will probably become Co-op City's Congressman, a leading minister in the local community said, this week, that the onetime political powerhouse has become damaged goods as far as the political system is concerned.

Rev. Robert Smith Jr., pastor of the Church of the Savior, said, “The reality is that Congressman Rangel, a man who I like on a personal level, has been tainted by some of his ethical choices.

With Rangel reportedly poised to be redistricted into Co-op City, the reality is that the Harlem Congressman has been discredited by revelations that he failed to pay taxes on a home in the Dominican Republic and that he illegally owned a number of rent-stabilized apartments in Harlem.

In 2010, members of the House of Representatives censured Rangel and stripped him of his chairmanship of the powerful House Ways and Means Committee.

“Later this year, we will have a chance to exercise our democratic right to vote for a member of Congress,” Rev. Smith noted. “If Charlie Rangel's district extends to Co-op City, we will have a chance to vote for him or vote for someone else.”

The minister added, “This community will miss Congressman Joseph Crowley, who has served this community with distinction, if it is true that he is being redistricted out of Co-op City. Joe Crowley has always kept his finger on the pulse of the Co-op City community. He has been there to fight for Medicare, Medicaid, and Social Security, and the people in his district offices have always been available to provide superior constituent services.”

Turning his attention to Rep. Rangel, Rev. Smith added, “Before he was stripped of his power, Congressman Rangel would have been in an excellent position to serve constituents in Co-op City. Today, Congressman Rangel's power is limited, and many people in the Bronx know very little about him. That's the reality of the current situation!”

Colgate Games recognize CC man as Coach of Year

noreply@blogger.com (Got a tip?) — Thu, 02 Feb 2012 15:02:59 PST

By Michael Horowitz

BRONX, NEW YORK, Feb. 2- Donald Lyons, a Co-op City man who retired from his job with the City Comptroller's Office to devote more time to his family, was recognized, last weekend, as Coach of the Year for the 2012 Colgate Women's Games.

Lyons, who started the Lyons Mane Track Club in the local community, has been responsible for nurturing the lives of Co-op City youngsters for the last six years.

This year, three youngsters from the Lyons track club, Simone Grant, Briel Briggs, and Kassidy Frankson, received medals following the completion of the Colgate games, last weekend, at Madison Square Garden. Simone and Briel, who medaled as competitors in the High School Division, won $250 educational grants for finishing third in the 200-meter run and the 800-meter run, respectively.

“I am extremely proud of what we, at the Lyons Mane Track Club, have been able to accomplish,” Lyons stressed, in an interview this week. “I was completely surprised when I was recognized, last weekend, at the Colgate Women's Games. It's wonderful to know that your work has not gone unnoticed.”

Lyons, who has been coaching his daughter, Lauren, for more than six year, dreams of his daughter, now a track star at Cardinal Spellman High School, running in the 2016 Olympics.

Over the last six years, Lyons said that more than 20 athletes from his track club have participated in the Colgate Women's Games.

Currently, 25 youngsters are competitors in Lyons' track club. In addition to athletic training, these youngsters are encouraged to excel in school and lead healthy lives.

“The youngster in our club work out two days a week, and they are encouraged to do drills at home over the weekend,” Lyons noted. “The drills and workouts the youngsters complete encompass basic conditioning and the development of stamina and superior techniques. The drills at home focus on stretching.”

Lyons added, “Youngsters in our group are also encouraged to eat properly --- to avoid greasy food --- and to get the amount of sleep that youngsters their age need.”

The Co-op City coach stressed, “It is extremely flattering to have the Colgate Women's Games recognize you as Coach of the Year. With 11,000 girls competing in these games and numerous coaches involved, it was wonderful to get recognition for doing something I have loved doing.”

The Lyons Mane Track Club is open to youngsters between the ages of 10 and 16. For further information, call Lyons at (718) 671-3129.

$2G award is offered in shooting of CC man

noreply@blogger.com (Got a tip?) — Thu, 02 Feb 2012 14:57:08 PST

By Michael Horowitz

BRONX, NEW YORK, Feb. 2- The NYPD is offering a $2,000 reward for information leading to the arrest of the person or persons responsible for the recent shooting of a 22-year-old local man in front of 140 Elgar Place.

The motive for the shooting was reportedly unknown as of early this week.

The man, whose identity was withheld, was reportedly shot by an unknown assailant as he prepared to enter 140 Elgar Place to visit a friend at 9:35 p.m. on Jan. 21.

The man, who reportedly sustained bullet wounds to his left shoulder, right kidney and back, was expected to survive.

Officers in the Emergency Services Unit (ESU) of Co-op City's Department of Public Safety were first to arrive at the scene of the crime. They reportedly played a key role in saving the victim's life by stabilizing him prior to the arrival of emergency medical technicians from the city's ESU arrived to transport him to an area hospital.

Those with possible clues relating to this case are urged to call the 45^th Precinct's Detectives' Squad at (718) 822-5414 or CrimeStoppers at (1-800) 577-TIPS.

Co-op City News: Accountant says financial statements show communit...

noreply@blogger.com (Got a tip?) — Thu, 02 Feb 2012 14:54:46 PST

Co-op City News: Accountant says financial statements show communit...: By Michael Horowitz BRONX, NEW YORK, Feb. 2- A certified public accountant (CPA) told City News , this week, that the Riverbay Corporation's...

Accountant says financial statements show community in big trouble

noreply@blogger.com (Got a tip?) — Thu, 02 Feb 2012 14:53:30 PST

By Michael Horowitz

BRONX, NEW YORK, Feb. 2- A certified public accountant (CPA) told City News, this week, that the Riverbay Corporation's financial statements show a community that is unable to pay its bills in a timely manner.

At the conclusion of the 2010-2011 fiscal year, the accountant noted, Co-op City seemed to have a cash-flow deficit of more than $29 million.

The accountant speculated that based on the financial statements, it would be reasonable to assume that Co-op City is significantly behind in its payments to many of the contractors doing business in the local community.

Management officials, before the accountant's review of Co-op City's financial statements, had never addressed the community's seeming cash-flow problems.

Members of the Riverbay board, despite repeated publications of Co-op City's financial statements, have never addressed the housing company's cash-flow concerns.

The CPA interviewed by City News, speaking on condition of anonymity, spoke out after reviewing the financial statements for the 2009-2010 and 2010-2011 fiscal years, which were published in the Jan. 14 issue of the Co-op City Times.

“The cash-flow picture for Co-op City, based on the financial statements I have reviewed, clearly show accounts receivable of just under $8.5 million and accounts payable and accrued expenses of close to $38 million by March 31 of last year,” the accountant explained.

The CPA added, “These figures show that the Riverbay Corporation is in very big trouble. This is not a cash-flow position any corporation wants to be in.”

In accounting terms, accounts receivable are monies owed, over the long term, that a corporation expects to recoup, while accounts payable are liabilities that a corporation must ultimately pay.

In Co-op City's case, the receivables don't include the monies, such as carrying charges and rents for stores and garages, during a given year.

On the other hand, the payable portion of the accounting ledger does not include salaries, or ongoing payments toward city taxes or mortgage-loan debts.

Reacting to the accountant's review of Co-op City's financial statements, civic activist Sally Kya-Hill stressed, “I'm not the least bit surprised. It has been my view, for quite some time, that Herbert Freedman is running this corporation to the ground.”

Kya-Hill added, “I have had the impression, for years, that our assets have not been keeping pace with our expenses and our liabilities. In short, it has become obvious that Co-op City can't afford the expenses that management, under the leadership of Mr. Freedman, has had Co-op City incur.”

Clothing sale

noreply@blogger.com (Got a tip?) — Thu, 02 Feb 2012 12:21:00 PST

NEW YORK, Feb. 2- Half off Dollhouse brand puffer coats and boots.

Take 20% off your first order.

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Deal of the Day

noreply@blogger.com (Got a tip?) — Thu, 02 Feb 2012 08:18:23 PST

NEW YORK, Feb. 2- Save up to $400 off on clearance TVs.

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Deal of the Day

noreply@blogger.com (Got a tip?) — Wed, 01 Feb 2012 09:46:02 PST

GAME ON

NEW YORK, Feb. 2- Save $50 on X Box 360. Save $150 on 46 inch Samsung LED HDTV.

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