Coops permitting sublet to no resident

Started by Paola66

almost 14 years ago

Posts: 7

Member since: Jan 2012

Discussion about

I am a foreign investor. I love NY and i would like to buy a studio in a coop, which permits sublet to no residents. Preferred areas: upper easy and upper west, soho. Could suggest me some solutions ?

Response by saiyar1

almost 14 years ago

Posts: 182

Member since: Jun 2010

what are "no residents"?

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Response by NWT

almost 14 years ago

Posts: 6643

Member since: Sep 2008

non-residents

Try http://streeteasy.com/nyc/sales/nyc/status:open%7Ctype:P1%7Carea:107,139,135%7Cbeds%3C1%7Cdescription:liberal%20sublet

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Response by Ottawanyc

almost 14 years ago

Posts: 842

Member since: Aug 2011

In a co-op you will need close to 40-50% downpayment and then who knows. As foreigner you need to stick to condos, which cost more. You'll still need %30. And get a US credit card asap. Huge hassle for non-us resident.

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Response by soyiuz

almost 14 years ago

Posts: 38

Member since: Dec 2011

Go with condos. Usually no restrictions on subletting.

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Response by kylewest

almost 14 years ago

Posts: 4455

Member since: Aug 2007

What is a sublet to a no resident? I assume you meant "non-resident", but I am not sure what you mean by sublet. Do you mean you to say that you are a non-U.S. citizen seeking to buy a studio to use only on occasion with the right to sublet it to others when you like?

Coops permitting sublet to no resident

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