About High Meadow Cooperative #1

High Meadow Cooperative No.1, Inc. is a highly desirable, welcoming and vibrant community. We are situated on 16 ½ acres in a park-like setting.

The land that High Meadow stands on was part of the 120-acre estate of the James Speyer. The estate was called High Meadow.  In the mid 1950’s the United Nations bought the Speyer Estate with the plan to build 350 units for employees of the United Nations. This would account for the street names, Charter Circle and Geneva Road. United Nations residential community encountered difficulties that prevented the development from moving off the ground.

In 1962 High Meadow co-op was built under Section 213 of the National Housing Act, with the F. H.A. insuring 96% of the mortgage cost.  The Articles of Incorporation for
High Meadow Cooperative No.1, Inc were signed in 1962.

The affairs of High Meadow are governed by the Board of Directors composed of 7 shareholders. The Board of Directors has the powers and duties necessary for the administration of the affairs of the Corporation. Every Shareholder is welcome to come and observe board meetings.

•  High Meadow is comprised of 22 buildings which includes 36-one bedroom garden style apartments, 10-masionette units, 101-2 bedroom units and 38-3 bedroom duplex units.
• We have 4 boilers each with 5,000-gallon below ground oil tanks, which supply heat and hot water to all buildings.
• We have 12 parking lots with one assigned spot for each unit. There is a waiting list for 30 garages.
• We have laundry rooms; clothes line areas and storage rooms throughout the co-op for shareholder’s use.
• We have 2 equipped playgrounds and 2 areas with basketball hoops.
• High Meadow is owner-occupied; subletting is not allowed.
• We do not allow sub-letting (renting).
• Dogs are not allowed.

High Meadow is well maintained, managed and, by all accounts, it is in excellent fiscal condition.

We have a staff of 3, which includes 2 who live on the property.  We have 24/7 emergency service.

Walk to shopping, supermarkets, restaurants, village parks and the Metro North Railroad. We are within a short walk to the Hudson River.

Electric

When High Meadow was built in the mid-sixties, electricity usage was monitored by 7 Master Meters. Shareholders did not have any control over their electric bill. In order to compensate the Coop for the additional electrical usage, the Coop imposed additional charges for air conditioners, and dryers. In 1996, the New York State Public Service Commission simplified procedures for Cooperatives and condominiums to obtain approval to sub meter, by modifying requirements for approval by a majority of shareholders in a master metered building.

Sub metering permits the measurement of electric use in individual apartments via a Coop- owned meter that is installed for each apartment. The Coop continues to purchase its electricity on the less expensive commercial or bulk residential rate basis, but now the Coop is able to bill electric to individual apartments on an actual consumption basis. The relationship between the Coop and the utility company remains exactly the same as before. The Coop continues to receive one bill from the utility and the owner (the Coop) allocates the utility costs based on the usage recorded by each apartment’s sub meter. The sub meters are owned by the Coop and not the utility.

High Meadow currently purchases electricity from an Energy Service Company, usually at a lower price per kilowatt hour. The company must be registered with the New York State Public Service Commission, and act solely as the energy supplier.

Unit Numbering and Driving Directions

Use this link to see an overview of High Meadow or get driving directions.

Photo Gallery

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