‘Classic Six’ A Spacious Prewar Apartment to Consider
There is something is alluring about New York City’s prewar buildings. For some, it’s the detailed facades, the high ceilings, and plaster moldings. For others, the chance to own one…
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Should You Join Your NYC Co-op or Condo Board?
Most people who sit on co-op or condo boards in New York City tend to skew older age ranges. The main reason is that sitting on a board can feel…
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What is a Proprietary Lease on a Co-op in NYC?
The home buying process in NYC can be different from other cities. One difference, which trips up many new arrivals, is the ownership structure of cooperative buildings. Here, co-ops make…
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The Purpose of a Capital Reserve Fund in a Co-op
Every co-op board in New York City has a duty to maintain and preserve the value of their cooperative. Part of the co-op boards process is the operating budget that…
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Buying a Co-op in New York City
Before you can start looking at buying a co-op, there are a few things you need to sort out. The first thing is your savings and finances. Unless you’ve got…
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What Are the Financial Requirements for a Co-op?
Before you can start looking for your dream co-op apartment, there are a few things you need to sort out. The first thing is your savings and finances. Unless you’ve…
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How to Avoid Co-op Board Drama When Selling in NYC
Trying to sell an NYC co-op tends to come with a few unique pitfalls and unexpected moments of drama. The unique ownership structure of cooperatives, whereby each resident is a…
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How to Analyze a Co-op Financial Statement
When performing your due diligence before making a co-op purchase or when your building’s annual board meeting is approaching, you will receive the co-op’s financial statement. While you may be…
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Want to Ace Your Co-op Board Application in NYC?
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 are now…
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When a Co-op Board Ask for Guarantor
A 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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