StreetEasy Forums · Sales

rentals in a new coop

Started by anonymous

almost 17 years ago

Discussion about

what is a non alarming percentage of sponsor rentals in a new co op building thanks !

Response by murray888

almost 17 years ago

Posts: 130

Member since: Oct 2009

Have any new buildings gone up as coop? Thought everything has been built as condo for quite some time

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Response by Topper

almost 17 years ago

Posts: 1335

Member since: May 2008

I'm guessing maybe 10%. Banks don't like to lend when there are a lot of renters. Unless you put down a large deposit they will often require PMI.

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Response by anonymous

almost 17 years ago

i must have co op on the brain!!!
condo- my mistake

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Response by ph41

almost 17 years ago

Posts: 3390

Member since: Feb 2008

Can't say for sure, but I think it could be higher than 10% - possibly up to 25-30%

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