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

Affordable housing in New York City typically refers to … to form coops and take over their buildings Some residents bought their apartments for $250 apiece according to a 2014 … was launchednow the average cost of HDFCs is more like $350000 to $500000but in most cases theyre still far cheaper …

By Evelyn Battaglia |August 11, 2025 - 10:30AM
The pros and cons of buying a co-op sponsor unit: You don't need board approval, but you'll likely pay a premium

… looking to buy a coop in New York City the term sponsor unit may have caught your eye while scanning the citys listings  A sponsor coop is an apartment being sold by the buildings owner or the … Mortgage   So if the loan amount is conforming up to $1209750 in NYCthen its possible to get as much as 97 percent …

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