Brooklyn Heights Affordable Co-op Gets City Aid to Generate Cash Via Sales, Dashing Waitlisters’ Dreams

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Brooklyn Heights Affordable Co-op Gets City Aid to Generate Cash Via Sales, Dashing Waitlisters’ Dreams

Owners in a debt-saddled Brooklyn Heights affordable co-op complex are getting city help unlocking the power to generate cash when apartments sell — infuriating people who’ve spent years on the waiting list for one of the highly coveted units at Cadman Towers. The City Council on Thursday approved a tax break that will help Cadman Towers become the first Mitchell-Lama cooperative to convert to a city-sponsored affordable housing co-op known as a…