manhattan coops: Before buying in New York city Cooperative Must Know
- 09/29/11 02:12 PM
Whether you are international foreigner or United States citizens, before considering in buying in a co-op, here are few items one should consider in buying in a coop. Buyers or Investors to buy an apartment in a co-op building are not easy for several reasons: Co-op purchaser approval takes weeks -- if not months -- and is a rigorous and notoriously difficult process. The majority of co-ops only approve buyers with New York employment, US income tax and excellent credit history in the US. The law does not require a co-op to provide an explanation for a potential buyer's rejection. There are often restrictions … (3 comments)
manhattan coops: Manhattan New York Co-Ops are not foreign buyer or investor friendly
- 01/25/10 12:29 AM
Can an foreign buyer or investor buy a property in a co-op in New York City? Foreign National buyers and investors are majority of our clientele, we often have to explain to the buyers about the Manhattan housing market, which consist of Condominiums and Co-Ops. Often, we encounter the question.... "Can a Foreign National Buyers and Investors buy a property in a co-op?" Co-ops are 90% or more of New York Real Estate. Co-op buildings are governed by Co-op Boards, which make every esseential decision about the building and set building house rules and policies. Among those decisions, Co-Op board of directors … (2 comments)
manhattan coops: What is a SPONSOR UNIT Co-Op Apartment in Manhattan?
- 12/25/08 09:02 AM
New York city Real Estate is made up with Co-ops, Condominiums, Townhouses and Rental Apartments. Many of my out of town buyers have often seen 'SPONSOR' unit Co-Ops, I thought it will be helpful to create a post so everyone can understand the difference between a traditional Co-Op and a Sponsored Co-Op apartment. "Sponsor units have NO BOARD APPROVAL! When an individual or company converts a rental building to a co-op or condo, the first transfer of an apartment, or "sponsor unit" does not require board approval. Sponsor Unit: Apartments that are held as an investment by the sponsor, the original … (4 comments)
New York City Manhattan Real Estate, Bilingual Chinese Speaking Real Estate Agent specialize in Manhattan Condominium market such as Resale Condominiums, New Construction, PreConstruction condos. We work with Oversea foreign buyers, Investors. We Specialize in neighborhoods: Upper West Side, Chelsea, Midtown West, Midtown East, Greenwich Village, Soho, Union Square, Financial District in Manhattan, Williamsburg Brooklyn and Long Island City Queens.
Whether you are international foreigner or United States citizens, before considering in buying in a co-op, here are few items one should consider in buying in a coop.
;)
;)
;)
