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REBNY Financial Statement

REBNY Financial Statement

REBNY Financial Statement Calculator

A completed REBNY financial statement is required for all New York City condo and co-op purchases. Submitting this statement strengthens your offer, increasing your chances of seller acceptance and board approval. Our user-friendly calculator simplifies the process, allowing you to quickly and accurately complete the fillable PDF form.

Enter your assets, annual liabilities, monthly income, and projected expenses. For joint purchases, include your co-applicant’s information in the designated fields. Once all details are entered, the calculator will automatically total your finances, populate the REBNY financial statement, and generate a downloadable PDF ready to submit with your offer or share with your real estate agent.

PRIVACY NOTICE: ELIKA Real Estate does not collect, store, or sell your data. Also, entry fields for your name, address, and bank account numbers are not required. Alternatively, you can enter this information via email once you download or receive the statement. Privacy Policy

Assets Carefully itemize and list all your liquid (cash, stocks, bonds, and properties, etc.) and non-liquid assets ( sep IRA, 401K, etc.)
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Liabilities Carefully Itemize and list all of your liabilities on an annual basis (loans, mortgages, car payments etc.)
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SOURCE OF INCOME (MONTHLY) Enter your income and any co-applicant’s income. You will need to be specific here and include you monthly salary and include overtime, bonus or commission earned monthly. Also include other income when applicable.
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GENERAL INFORMATION This section is to include your bank details and account numbers, if you feel uncomfortable doing so please leave blank and enter the information into the PDF generated.
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PROJECTED EXPENSES / MONTHLY This section includes the cost if you are approved for and end up purchasing the subject property. The expenses vary depending on the property you plan to purchase. The expenses include monthly common charges and maintenance fees, as well as the projected mortgage loan payments for the property and other monthly expenses.
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SCHEDULE OF REAL ESTATE
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SCHEDULE OF NOTES PAYABLE
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Summary

APPLICANT
CO-APPLICANT
COMBINED
Total Assets
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Total Liabilities
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Total Net Worth
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Total Source of Income
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$0
Total Projected Expenses / Monthly
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Table of Contents
  1. REBNY Financial Statement Guidance
  2. What Is the REBNY Financial Statement?
  3. Why It Matters in NYC Real Estate
  4. What Co-op and Condo Boards Look For
  5. Key Sections of the REBNY Financial Statement
  6. Financial Statement PDF Template

REBNY Financial Statement Guidance

In New York City’s co-op and condo market, submitting a clear and complete REBNY Financial Statement (Statement C) is critical to buying. As experienced buyer’s agents, we help clients confidently prepare their REBNY statements to meet seller and co-op board expectations and avoid costly delays.

What Is the REBNY Financial Statement?

The REBNY Financial Statement, created by the Real Estate Board of New York, is a standardized two-page form required in most NYC co-op and condo transactions. It serves as a personal financial snapshot summarizing your assets, liabilities, income, and projected monthly expenses. It is used by co-op boards, managing agents, attorneys, and sellers to evaluate your financial qualifications.

Why It Matters in NYC Real Estate

Co-op boards, in particular, conduct detailed financial reviews before approving a sale. Submitting an incomplete or inconsistent REBNY Financial Statement can hurt your offer or lead to rejection. A well-prepared statement helps demonstrate financial responsibility and preparedness, two things boards and sellers take seriously.

We guide buyers through this process, ensuring their financial picture is clear, accurate, and positioned to meet board standards.

What Co-op and Condo Boards Look For

Debt-to-Income Ratio (DTI) and post-closing liquidity are the most critical financial metrics boards review. Here’s what you need to know:

Co-ops

  • Most co-op boards require a DTI ratio of 25% to 30% or less.
  • Your monthly housing expenses (including mortgage and maintenance) should not exceed 25%–30% of your gross monthly income.
  • Many co-ops also require 1 to 2 years of post-closing liquidity, meaning you should have enough liquid assets remaining after the purchase to cover 12–24 months of mortgage and maintenance costs.

Condos

  • Condo boards tend to be more flexible but still review financials.
  • A DTI ratio under 40% is generally acceptable, though some may approve higher ratios if the buyer has strong reserves or high net worth.
  • Liquidity requirements are typically less strict than co-ops, but you should still show that you’re not overleveraged.

We help you calculate these ratios accurately and ensure your REBNY Statement reflects a strong financial position.

Key Sections of the REBNY Financial Statement

Assets

List liquid and non-liquid assets: checking and savings accounts, brokerage and retirement funds, real estate, and other investments. Co-op boards want to see sufficient cash reserves post-closing.

Liabilities

Disclose all outstanding debts, including credit cards, car loans, student loans, and existing mortgages. This helps determine your DTI and overall financial health.

Income

Include all consistent income sources: salary, bonuses, dividends, rental income, and business income. This supports your ability to cover ongoing housing costs.

Monthly Expenses

After closing mortgage payments, maintenance, property taxes, and insurance, estimate your monthly costs. Co-op boards use this information to evaluate whether you can comfortably afford the unit.

Submit With Confidence

Submitting a completed REBNY Financial Statement with your initial offer strengthens your position in a competitive market. It shows sellers and boards that you’re financially qualified and well-prepared, increasing your chances of acceptance and speeding up the approval process.

Financial Statement PDF Template

Download the REBNY financial statement PDF and start planning for your purchase.

Downloadable Sample
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