Close X

How to Buy

A New York City Apartment

In addition to the generalizations in the previous section, you may want to focus your search on CONDOS if:

  • You have a large or feared breed of dog (basis for being rejected from a co-op even if it allows dogs and does not have a stated size or breed restriction)
  • You are looking for a newer building (1980s through present)
  • You are an investor who wants to rent out your apartment 
  • You are buying using a trust or an LLC (though many co-ops have grown more tolerant in recent years)
  • You want to use the apartment as a pied a terre
  • You are buying the apartment for your kids
  • You have sued a landlord or your last co-op or condo board, or you’re generally litigious (or you are an attorney)
  • You’re a musician
  • You have a home-based business that involves noise or lots of visitors like teaching music or practicing psychology
  • You can’t afford a 20-25% downpayment
  • You’re a foreign citizen