235 e 22nd st

I don't have super-current info, but historically has been a tough board (look at cash requirement vs average for the neighborhood). I don't know if they changed this policy, but the application fee used to be $1,500! (and if they rejected your buyer, you got a second shot for the $1,500, but if you had to go to a third applicant, it was another $1,500). May have changed since my last deal there, though.

The board requires 40% down and they are very tough...

with those requirements and current market = no sale.

it's not like this is an ideal location to live.

I think you have to understand historically what happens in some buildings: this building was converted by Gerald Guterman who left a trail of troubled Coop's in his wake when some of the ?1987? Tax Law changes severely impacted his business model. At 235 E 22nd, 3 separate lenders were left holding the bag of rent-regulated occupied units (which was still a substantial portion of the building. the Coop had to deal with Guterman's legacy for quite some time, and I think as a result of being burned toughened up a lot of policies. not that unusual for Coops being "burned once, twice shy".