Interested in owning a CO-OP, but not sure where to start?
When it comes to buying a CO-OP here is what you need to know:
Residents who own the apartment are shareholders of a corporation that owns the entire building
Maintenance charges include operating expenses, amenities (if any available in the building) debt service on underlying mortgage, real estate taxes on the property and some utilities (depending on the building)
CO-OPS require 10-20% down and if in healthy financial standing should have no problem getting approved.
Property taxes are usually lower in co-ops as they are split among board members. Tenant-Shareholders are able to deduct their share of the mortgage interest and real estate taxes paid by the corporation.
Co-ops are usually at lower prices as compared to condos, and are a great primary home if you plan to reside in it
CO-OPS require 2-3 year owner occupancy before they can be rented depending on the building and rules and regulations
899 BOULEVARD EAST #6A | WEEHAWKEN
Best Floorplan in the Building! This corner 1 bedroom home offers absolutely stunning panoramic views of the Hudson River and all of Manhattan. Completely unobstructed views provide a world class sight day and night! Spacious layout with 850 square feet allows for a variety of design options. Create the space of your dreams! Filled with natural light, New flooring throughout, built in storage, good closet space, and 1 car garage parking. Excellent, very convenient location. Bus to NYC and Ferry Shuttle right outside your door. Walk to restaurants, parks, and shopping. Monthly fee includes, utilities, taxes, and maintenance and parking. Well managed building with strong financials. The buying process is easy! Inquire for more detail!
899 BOULEVARD EAST #4A | WEEHAWKEN
A Property Unlike Any Other! Location! Location! Welcome to this gorgeous, fully renovated and modern coop with amazing unobstructed views of Manhattan. This corner residence was pristinely redone with only the best of materials and finishes and furniture. From the custom imported Italian kitchen cabinets, to the Porcelanosa tiles, to top line appliances by Jenn-Air and Liebherr, to the sophisticated beachwood flooring, to the Mitchell Gold & Bob Williams furniture, this home is sure to make an impression. NYC & Hudson River views can be seen from every window, plus take in even closer views by stepping out onto the private balcony to enjoy the panorama. The very spacious bedroom features two large custom closets, one a true walk in, plus offers a separate nook that makes for a great home office setup. The bathroom offers a sleek and clean design fitted with beautiful Porcelanosa tiles as well. Parking included! Additionally, all furniture included in the asking price. Extremely convenient location with easy access to NYC via car, bus, train, or ferry. Relish in all that Weehawken has to offer - promenades, parks, fine dining, shopping, the new pool, tennis courts, tracks, and much more!