Fifth Avenue and Park Avenue Coops

Many allow 50% financing and usually require at least 1-2x the value of the apt in liquid assets post closing. I've heard some on fifth in the 90s require only 50% of purchase price in liquid assets post closing. Of course there are some that are all cash required much more in liquid assets (10x or more) post closing.

Most allow 50% financing, but the requirements from there can vary dramtically depending on the co-op. It's usually easier to ask about a specific building rather than to get blanket statements about a large group of buildings.

A building can allow some financing and still require assets of some multiple of price. I.e., a loan is OK as long as you don't need it.

For a specific building, ask a broker with a lot of sales there. ACRIS is useful, too. E.g., about half of River House's sales had some financing.

All - Thank you. Helpful. Makes sense and will do.

don't forget the rare condos on fifth/park if coop hunting is too big a stressor.