HABITAT

Subscribe for Daily Updates!
in nys are coop apartments considered owning real estate?Apr 08, 2017

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?

Join the Conversation Comments (1)
Co-op ownership considered real estate - Steven424 Apr 08, 2017

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/

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation

Introduce yourself to other members of Board Talk! Log in below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Introduce yourself to other members of Board Talk! Login below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Ask the Experts

learn more

Learn 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

Source Guide

see the guide

Looking for a vendor?