Underlying Mortgage
Started by DTDWIH
about 15 years ago
Posts: 106
Member since: Nov 2008
Discussion about
Does anyone happen to know how many COOPS (percentage-or generally how common is it) have paid off their underlying mortgage?
I think it is relatively few. Most have modest underlying mortgages whose cost gets reflected in maintenance charges - and the percentage that is tax-deductible.
If I'm interested in a coop I always ask for this information. Amazing how very few brokers know the answer and they have to get back to me. (I'm particularly interested in the mortgage that is ascribable to the unit in which I'm interested.)
Sorry I couldn't be more macro-quantitative. Hopefully, someone else will have this information.
Not very many. Here're some: http://streeteasy.com/nyc/sales/manhattan/type:P1%7Cdescription:underlying
For statistics, you might want to try the Council of NY Cooperatives. If they don't know, your best bet would be an accountant, lawyer, or managing agent with a broad representative base of clients. Or maybe a big brokerage house keeps track of stuff like that.
I'm going on a cruise this weekend. Does anybody know how many state rooms have double wide balconies?
I think it's called the titanic..... FLMAOZzzzzzzzzz
Oh yeah w67 I forgot this forum is only here to be snide and cutting on. OOPS