Primary Residence

“All happy co-op boards resemble one another, but each neurotic co-op board is neurotic in its own way.” (with apologies to Tolstoy)

It completely depends on who is on the Board and what mood they are in when they interview you. It is important to emphasize that you have no intention of ever renting out the unit, and that you do NOT plan to let your friends and family use the apartment while you are away, and also that even though you will only be using the apartment part-time that you want to be an active resident of the co-op, would consider serving on the board, and have some special skill that may be useful for the building (knowledge of architecture, project management, finance, law, etc.) Given that the unit is only 400 square feet, the board must realize that many potential owners would use the apartment as a pied-a-terre, or an office. Good luck. Most co-op boards on the UWS are completely ossified as many went co-op in the 1980s and the geriatric matrons on the Board have their identity wrapped up in telling everyone else in the building what to do. If it does not work with the Board, just buy a condo. It costs 25% more per square foot but it is worth it.

Alyson,
We just did exactly what you mention.
The co-op board had no issues whatsoever. We also purchased a studio on the UWS.
They understood exactly how we wanted to use the apartment and we were fine with it.

nmitra1

What was your Board's policy on pied a terres? Thx

Allyson, it depends on the coop. Some boards are ok with pied-a-terre's some are not. How far are you into the process? You could ask the broker as it in his/her interest to get you through the board (and hopefully they have a clue).

If you're still looking you could enlist the help of a buyer's broker to steer you towards coop buildings that meet your needs.

It completely depends upon the board. Be honest upfront so you don't waste your time. Good luck!