Ace Your Co-Op Board Application: Reference Letters by Jane Herro

Being able to afford a co-op apartment in NYC is only a portion of the purchasing process. No matter how well qualified you are financially before and after buying in a NYC co-op, you still need to prove you are worthy! Part of the typical co-op board application process is presenting the necessary documentation to make […]

How to Get Involved in Your Co-op.

Many who were able to buy in Brooklyn opted for the more affordable option, the co-op. Sharing the common expenses, such as building maintenance, property taxes and occasionally utilities, keeps the monthly costs of owning much lower than other alternatives. Living in a co-op can also be a lovely communal experience and, if you are […]

Is My Co-op Maintenance Tax Deductible? by Jane Herro

The short answer is YES – a percentage of your monthly maintenance is tax deductible and this percentage is different from unit to unit depending on number of shares owned. With a co-op, the amount of the maintenance that is tax deductible is based on the portion that is used to pay real estate taxes and […]