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What is a Proprietary Lease for 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…
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NEW YORK PROPERTY INTELLIGENCE
Co-op, considered.
New York City Co-ops
01 BUYER STRATEGY 02 OWNERSHIP & BUILDINGS 03 MARKET & CAPITAL 04 SELLING & LEASING
CATEGORY ARCHIVE
Co-op perspectives.
A deliberately edited collection of market notes, transaction guidance, neighborhood context and ELIKA perspectives—not a daily content feed.
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The Purpose of a Capital Reserve Fund in a Co-op
Every co-op board in New York City must maintain and preserve the value of their cooperative. Part of the co-op board’s process is the…
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Financial Requirements for a Co-op in NYC
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…
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How to Avoid Co-op Board Drama When Selling
Trying to sell an NYC co-op comes with a few unique pitfalls and unexpected moments of drama. The particular ownership structure of cooperatives, whereby…
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How to Analyze a Co-op Financial Statement
There are several things that you need to look for. You will receive the co-op’s financial statement when performing your due diligence before making…
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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 you have any concerns about your financials (e.g., short job history, insufficient…
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High Floor Walk-up Apartments in NYC
When searching for my own NYC apartment, I toured some pretty sweet Manhattan fifth-floor walk-ups, which, at the time, seemed almost feasible. (I skipped…
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Living in a Poorly Managed Co-Op in NYC
Living in a co-op can have its perks, such as a 24/7 doorman, state-of-the-art gym, or things even as simple as well-maintained elevators are…
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What Qualifies as a Legal Bedroom in NYC?
As anyone trying to find an apartment in New York City knows, landlords tend to stretch the truth regarding room descriptions. For instance, this…
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Shareholder Meetings Vs Co-op Board Meetings
Co-op apartments operate like their corporation, leaving their residents to govern and rule the business. A co-op, also known as a cooperative, is a…
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