899_BlvdEast _6A_Weehawken_Web_035.jpg

CO-0P Ownership

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:

OWNERSHIP

Residents who own the apartment are shareholders of a corporation that owns the entire building

MAINTANENCE

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) 

FINANCING

CO-OPS require 10-20% down and if in healthy financial standing should have no problem getting approved. 

PROPERTY TAXES 

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.

AFFORDABILITY

Co-ops are usually at lower prices as compared to condos, and are a great primary home if you plan to reside in it

RENTING

CO-OPS require 2-3 year owner occupancy before they can be rented depending on the building and rules and regulations 

CO-OP LISTINGS 

899_BlvdEast _6A_Weehawken_Web_035.jpg

899 BOULEVARD EAST #6A | WEEHAWKEN

899_BlvdEast_6A_Weehawken_Web_007-2.jpg

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!