how long does closing usually take for co-op?

3-4 months typically. because of the summer, will take longer as the boards do not meet as often

It's going to vary building by building. For us, we were board approved in 2.5 weeks and could've (if all stars aligned) closed three days later. Our board was apparently very eager to get rid of our seller, though. They offered to interview us the same week we submitted our application, which in theory, could've allowed us to close within 10 days of contract. But between their travel schedules and ours, it tooks 2.5 weeks to come up with a mutually convenient date.

In the end, closing ended up taking eight weeks due to a tricky repair/remediation issue and some financial complications on the seller's part.

I'd say be prepared for 8-12 weeks, especially now, but don't be surprised if you luck out and can close sooner.

We signed our contract in early april and closing next week. So, i would say 2-3 months

mine was about 9 weeks, cash buyer, everything worked well.
2-3 months, but 3 plus is not insane if dates do not line up and it's summer. once you get past 4- that's not so great.

The board has its own scheduled. When I signed a contract last year in May for a coop, the board package was delivered 3 weeks later in early June. My agent had to keep calling the seller agent asking when's the board interview. With the summer months, the board members weren't together with all the vacation schedule. I had to beg and beg and finally had the board interview at the end of August. After that, I had to nag and beg some more with the management company to schedule my the closing 1 day before public school started in Sept so I can register my kids on first day. With the summer coming up now, safe bet will be 3+ months.

I've seen 30 days to 4 months. Typically its been 2-3 months. It really depends on the managing agent and the board. Of course getting a mortgage commitment quickly will help getting the board package in faster but it depends on the board mostly after that. Hopefully you have an agent that's familiar with the coop and they can give you idea of the timeline in that specific coop. sunny.hong@bankofamerica.com

thanks for the comments.

i'm about to sign a contract for a co-op and my current lease ends mid October.. I'm wondering if I should try to get the landlord to end my lease a month or two early, but from the sounds of it.. mid October might actually be ok. We also need a couple of weeks after closing for minor renovations.