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.

Since the sponsor gave up control of the co-op to the shareholders in 1997—read a history of the litigation—we have increased the proportion of shareholder-occupants from 38% to 95.5% (this number includes co-op-owned apartments, which financial institutions count as “occupied by shareholders”). The sponsor is no longer in the picture since 2002, when they sold their remaining apartments to the co-op.

The current occupancy statistics (as of 01/30/2017) are as follows:

Unit breakdown
(as of 01/30/2017)
14 Bogardus 31 Nagle 37 Nagle Total %
Owner-occupied 37 33 33 103 92.8%
Co-op-owned 2 0 1 3 2.7%
Investor/sublet 3 0 2 5 4.5%
Sponsor-owned 0 0 0 0 0.0%
Total 42 33 36 111 100%

We are aiming for an even higher proportion of owner-occupants—we dream of 100%. Owners tend to care more about the welfare of the buildings and their neighbors than do renters, and the presence of tenant-shareholders in the building make for a vital, exciting cooperative community, and a viable investment. To reach this goal, we will continue to pressure investors and sublessors to sell their apartments to bona fide tenant-shareholders, and the co-op will sell its three apartments (which are currently 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 95.5%-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.