new coop conversion

Over with. Conversions swung from co-op to condo in the mid-'80s. The environment changed such that condo conversions worked better for sponsors. After conversions cratered in the early '90s, almost all new ones were condos. See http://www.tenant.net/Oversight/RGBsum01/01hsr.pdf, page 17, for overall trend. The Attorney General apparently doesn't publish statistics on co-op vs. condo plans accepted for filing.

There was a big new co-op in Harlem in 2000, but don't whether that was new construction or a conversion.

Not totally: if you've got a land lease, you still have to go Coop (outside of BPC) (not to say there's a lot of that going on, though).. Marais (520 W 23rd) is one example.

30yrs: Any idea why 535 W110th went coop in 2004?

If I'm remembering correctly, the sponsor had pulled out like $5 million over time in loans before the conversion, and put a wrap of another ?$10? million because they didn't think they could sell enough units as condos to make more money than that (than paying off the old $5 million before seeing a nickel). I think there were also some tax consequences/savings doing it that way due to the number or prior cash-out refi's they had done before.

Thanks. I hadn't seen a coop with such a late conversion date for quite a while (maybe ever).