Buy a co-op at a discount: All about HDFCs and how to get one

Affordable housing in New York City typically refers to rentals but … budget route to home ownership is through limited equity housing coops essentially coops for people who earn lower … two prior years Another bonus is that HDFCs often have more affordable monthly maintenance fees which is a major …

By Evelyn Battaglia |August 11, 2025 - 10:30AM
12 tough co-op board interview questions—and how to answer them

… tension when youre buying in New York City Facing questions about your finances and personal habits can be … any legal involvement since You want to give a clean simple explanation that proves you are reasonable and werent the … you would hear from the board via the managing agent prior to being called for an interview Jay said  But there …

By Brick Underground |July 30, 2025 - 9:30AM
The pros and cons of buying a co-op sponsor unit: You don't need board approval, but you'll likely pay a premium

… If youre looking to buy a coop in New York City the term sponsor unit may … units arent in great shape and may require specialists to remove leadbased paint or asbestosor to do a fullscale … down payment of only 10 percent when buying a sponsor coop However you may face higher closing costs  because buyers …

By Celia Young |July 24, 2025 - 11:30AM