A co-op special assessment is an additional, temporary charge levied against shareholders topay for building capital projects or other expenses which are not provisioned for in abuilding’s regular operating budget. A co-op assessment is usually implemented when thereis a specific use of funds in mind, such as the restoration of a building’s facade. Per Share […]
Once the offer is accepted and the deal sheet is sent out, there’s still work to be done if you’re buying a co-op. And you probably have plenty of questions: Who exactly is looking at all this data, what are they looking for, and who is responsible for the due diligence at this step? Let’s […]
When you buy a co-op or condo in New York City, it’s easy to focus more on the apartment (its price, size, and location) than the building–let alone the personality and temperament of the co-op or condo board that runs it. But make no mistake: Beyond deciding whether you may become an owner in the […]
