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Co-Op Financials

Started by NYC712
almost 16 years ago
Posts: 2
Member since: Oct 2009
Discussion about
When considering the purchase of an apartment in a Co-Op building, what are they key line items on the financials to consider? I assume of primary importance would be the Reserves and the bottom line profit / loss. If a building is operating at a loss for several years and has an accumulated deficit of $1 million, I assume it would be a red flag to potential buyers. How much of a discount should one expect for a building that is in "poor" financial condition?
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