NYC Real Estate: What Will the Future Bring?
Despite market headwinds, recession jitters, New York’s residential real estate market looked to be on an upward swing in the first quarter of this year. Then the coronavirus struck, bringing…
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Want to Ace Your Co-op Board Application in NYC?
Exactly To, after going through lord-knows how many open-houses you’ve finally found a co-op apartment that makes you happy. After a bit of negotiating, you’ve got an accepted offer and…
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When a Co-op Board Ask for Guarantor
nyA co-op board does not have to reject your application outright. If any concern about your financials (e.g., short job history, insufficient earnings, etc.), the board may provide you a…
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Buying a Condo vs. Co-op in New York City
Most people who live in New York City have a relatively firm understanding of the real estate market and nuances. Particularly true in regards to the trade-offs between condo vs.…
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Know What Co-op Boards are Looking for in Applicants
New York City’s co-op boards are notoriously fickle. They can reject you for virtually any reason, providing it does not break any laws. Notably, the board cannot deny your application…
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Difference Between Shareholder Meetings and Co-op Board Meetings
boardCo-op apartments operate like their corporation, leaving its residents to govern and rule the business. A co-op, also known as cooperative, is a shared multi-unit apartment building where each resident…
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Understanding How Co-Op Shares Work
So you just bought a beautiful apartment in a co-op, and you’re learning that under local law 11, all the balconies need to be replaced. But your unit doesn’t have…
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Questions to Ask at Your Annual Co-op Shareholders Meeting
Once a year, there’s a special meeting for every co-op building: the annual shareholder’s meeting. A quorum of the shareholders must gather to discuss the ongoings of the building. Residents…
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NYC Co-op Board Interview Questions and Answers
Buying an apartment is an exciting time. You’ve found a beautiful co-op in your dream neighborhood of New York City. You may be thinking a mortgage broker approving your loan…
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How to Choose a Buyer Your Co-op Will Approve
The process for selling residential real estate in New York City doesn’t differ much from one building type to another. Except if the property is in a co-op building. After…
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