About Us

NaBors Apartments — also known as Nagle Apartments Corp. — is a cooperative complex that consists of three buildings connected by an inner, private garden/courtyard. The buildings were erected in 1952. They are all six storeys tall, with a red brick exterior and elevators.

We have a total of 111 apartments — studios, one-bedroom, and two-bedroom — in a variety of configurations.

The sponsor is no longer in control of our buildings. The co-op took permanent control in early 1997, after several years of litigation. (Read a history of the litigation.)

At the moment, 93% of our apartments are “occupied” by shareholders (from the point of view of financial institutions, co-op-owned apartments count toward this magic number). The co-op bought the 12 remaining sponsor-owned apartments in June 2002.

The current occupancy statistics (02/01/2011) are as follows:

We are aiming for 100-percent owner occupancy because the presence of tenant-shareholders in the building makes for a vital, exciting cooperative community, and a viable investment. To reach our goal, we will continue to pressure investors to sell their apartments to bona fide tenant-shareholders, and the co-op will sell its 8 apartments (which are occupied by rent-stabilized tenants) to shareholders as they become vacant.

We are in great legal and financial shape (check out our financial statements), and because we are 93%-occupied by shareholders, prospective shareholders should be able to get mortgages from any bank without difficulty. And the National Cooperative Bank considers us a good investment.

Our co-op is maintained by a wonderful superintendent, 2 porters, and painter/handyman. Our management agency is Blue Woods Management Group, an exceptional company based in Sleepy Hollow, NY.

Take a look at some pictures from our co-op.

For more information, take a look at our Frequently Asked Questions page. Or contact us, and we’ll be happy to answer any other questions you may have.