New York's Cooperative and Condominium Community

Habitat Magazine July/August 2020 free digital issue

HABITAT

CO-OP/CONDO BUYERS


WHAT CO-OP/CONDO BUYERS NEED TO KNOW

Apartment Owners and Buyers: 

Buying a NYC co-op or condo apartment is one of the biggest investments you'll every make. This purchase is more than just buying a home, it's investing in a housing corporation. Articles, here, will help you understand what your investment really means, and how to make a safe one.
Plus, get check out: 
The Co-op/Condo Owner's Manual

Co-op boards may need to loosen sublet rules as apartment sales slump.

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Co-ops and condos face long-term fallout from pandemic-inspired departures.

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After steep decline, signed contracts picking up as city reopens.

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Drop in Manhattan sales is seen as a “statistical anomaly,” not a trend.

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Tax revenue from real-estate transactions has begun to rebound.

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Rent-to-own programs gaining popularity as the city battles the pandemic.

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With in-person showings returning and listings up, market begins to stir.

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Even as Phase Two reopens real estate, in-person tours present problems.

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Personal interactions can resume under Phase Two of the reopening.

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Number of sales and median price rose in the first week of June.

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Ask the Experts

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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

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