Your Home.
Your Opportunity to Own.
Condominium Conversion · Tenant FAQ · As of April 26, 2026
Key Milestones
90 Days
Exclusive window for current residents to purchase before public listing
July 2026
Expected initial closings — subject to change per the Offering Plan
General Overview
What is happening at Zero Place?
Zero Place — the award-winning, advanced-energy, multi-use building — is being converted from a rental property into a condominium community. This means individual apartments will be available for purchase as privately owned homes. The Condominium Offering Plan was accepted for filing by the New York State Department of Law on April 23, 2026.
Your Opportunity as a Current Tenant
Q1
Do I have priority to buy my apartment?
Yes. As a current resident, you have an exclusive right to purchase your unit during an initial 90-day period before it is offered to the general public.
Q2
What happens if I don’t decide during that period?
After the exclusive period ends, your unit may be offered to other buyers, and you would no longer have priority rights.
Q3
Can I buy a different unit in the building?
Yes, subject to availability.
Q4
Do I have to buy my apartment?
No. Purchasing is optional. There are also protections for senior citizens, disabled persons, and certain others.
Pricing & Costs
Q5
What is the price of my apartment?
Your exact unit price is listed in the Offering Plan, Schedule A, at a set price specific to your apartment based on its size, layout, and location.
Q6
What are “common charges”?
Monthly fees covering building operations such as insurance, maintenance, utilities, internet, management, and administrative costs. See Schedule A for projected amounts.
Q7
Will I pay for utilities separately?
No — utilities, internet, WiFi, and cable are included in common charges. As a partial owner of the building’s advanced solar and geothermal systems, your electric cost will be very low.
Q8
What are the typical closing costs?
May include legal fees, title and recording fees, transfer taxes, contributions to building reserves, insurance, and administrative fees, plus 2 months’ Common Charges as working capital.
Living at Zero Place
Leasing & Flexibility
- Units may generally be leased, subject to the Condominium’s By-Laws and Rules
- Short-term or transient rentals (e.g., Airbnb) are not permitted
- Affordable units are generally required to be owner-occupied
- Purchase agreements are not contingent on financing — secure financing in advance
Pets & Parking
- Pets are generally permitted, subject to the Condominium’s By-Laws and Rules
- The Board may establish reasonable rules on number, size, type, and behavior
- Parking is owned by the Condominium — shared, unassigned, and available to all residents and guests
Affordable Units
Q9
How do I purchase an affordable unit?
You must qualify and apply through the Village of New Paltz Affordable Housing Board. Buyers are selected through an eligibility list and approval process.
Q10
How is pricing determined for affordable units?
Affordable units have regulated pricing capped by the Village of New Paltz Affordable Housing Law. Resale caps, owner-occupancy requirements, and eligibility rules apply after purchase.
Next Steps
Ready to make Zero Place yours?
We will hold at least two gatherings to answer questions. Consult a lender and attorney before signing any agreement.
(onyxpm@ahcllc.net)
Contact & Inquiries
Send questions and purchase interest to onyxpm@ahcllc.net · Speak with a lender and your own attorney or financial advisor before signing any agreement.
The Offering Plan is a detailed legal document. The information above references key sections to help guide you, but we strongly encourage you to review the full document and consult your own attorney before making any decisions. Pricing, closing dates, and common charges are subject to change per the Offering Plan. Closings expected July 1, 2026, subject to change (see Special Risks, paragraph 14).