A New Day at the Newport
When Carrie Feng moved into the Newport cooperative in Flushing, Queens, in 2004, she thought she had found the perfect home. For Feng, who had been renting in the area for several years after immigrating from China, the location was ideal. The six-story, 211-unit building is close to a subway station. That made for an easy commute when Feng, who worked for an import-export firm, had to meet clients in Manhattan. The Newport, with a sizeable Chinese population, felt like home. But Feng’s first annual shareholders’ meeting was a contentious affair, with angry residents complaining that they were not being treated fairly and that costs were too high. Even more disturbing, they accused the board president of self-dealing by hiring family members. Read the article………….