question on converting a 1-bd co-op to a 2-bd
Started by GraffitiGrammarian
almost 16 years ago
Posts: 687
Member since: Jul 2008
Discussion about
Would appreciate any feedback. I am interested in a pre-war 1-bd co-op that has about 1,000 sf. It is currently configured as a big 1-bd, but at first glance the floor plan looks like it could be modified to a 2-bd with the addition of a wall and maybe some French doors. So -- are there issues if you try to do this after you buy? Do you have to get the co-op board to sign off on it? What if I would only be interested in buying PROVIDED that I could convert it to a 2-bd? Thanks for insights. GG
"are there issues if you try to do this after you buy? Do you have to get the co-op board to sign off on it?"
Yes.
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"What if I would only be interested in buying PROVIDED that I could convert it to a 2-bd?"
Then I suppose you'd have to spell this out in your board application. If the board rejects you, this isn't the apartment for you.
Ok, thanks, Matt.
Is there some way to find out if other apt owners have modified the same floor plan? Or similar floor plans?
All of the apts in this building are very large, so I'm wondering if it's a common thing to try to put up walls and make extra rooms.
thx.
A shareholder converted a very large studio into a 1BR in my bldg without board permission. When she went to sell it, the board would not approve sale until she returned it to its original configuration.
If you to the Building's page on Streeteasy, it will tell you "x floorplans available" toward the top right of the page. You can click on the link and see all of the floorplans of the units that have ever been listed on StreetEasy for that building. (One of my favorite features!)
Be careful, though, because what has been done in the past is not necessarily the same as what will be allowed currently. For instance, I saw a unit where the footprint of the kitchen and bath had been expanded significantly from the original floorplan, but was told that it would no longer be allowed if I bought a fixer in the building. Finding a broker familiar with the building and the board is probably your best bet.
Aha, very helpful. I can see this idea will require some negotiation.
Thanks much to all.