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Do any of these coops allow financing? If not, what multiple of sales price must one's net worth be to qualify for residence?
Many allow 50% financing and usually require at least 1-2x the value of the apt in liquid assets post closing. I've heard some on fifth in the 90s require only 50% of purchase price in liquid assets post closing. Of course there are some that are all cash required much more in liquid assets (10x or more) post closing.
Most allow 50% financing, but the requirements from there can vary dramtically depending on the co-op. It's usually easier to ask about a specific building rather than to get blanket statements about a large group of buildings.
A building can allow some financing and still require assets of some multiple of price. I.e., a loan is OK as long as you don't need it.
For a specific building, ask a broker with a lot of sales there. ACRIS is useful, too. E.g., about half of River House's sales had some financing.
All - Thank you. Helpful. Makes sense and will do.
don't forget the rare condos on fifth/park if coop hunting is too big a stressor.