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a neighbor filling out a form for assistance had this question on it, do you own real estate or have you owner real estate.
i know cooperatives are considered personal property like stocks and not real property , has ther been a change?
thank you you for the answer , i knew it was complicated., thanks for the links
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visit habitat uHabitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
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Search, by word or phrase, all magazine articles from January 2002 to present. You may print or email your results. Print subscribers receive free access to the Habitat Article Archive.
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learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
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First, I am not a lawyer. In this instance where someone is applying for assistance and many thousands of dollars may be at stake, I strongly urge you to tell your neighbor she/he needs to contact an attorney who specializes in the type of assistance they are applying for (disability, medicaid, SSI, etc).
Practically, it depends on who is asking the question and for what purpose. Here are some links that show how difficult it is to provide a one-size-fits-all answer:
https://nystax.custhelp.com/app/answers/detail/a_id/3470/~/are-co-ops-considered-real-property%3F
https://www.trulia.com/voices/Home_Buying/Is_buying_a_coop_apt_considered_as_a_real_estate_-56169
http://www.mcgrathesq.com/2014/08/18/coop-real-or-personal-property/
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