Skip Navigation
StreetEasy

Low Owner Occupancy Rate in Coop

Started by WillyP
over 12 years ago
Posts: 0
Member since: Jan 2013
Discussion about
Found a perfect place exactly where I want to be with parking. The building Owner Occupancy rate is low. Totally new to Co-cop transactions. What is anyone's thoughts on this?
Response by kharby2
over 12 years ago
Posts: 279
Member since: Oct 2009

Call your lawyer with specifics.

Ignored comment. Unhide
Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

What neighborhood is this in?

Ignored comment. Unhide
Response by alanhart
over 12 years ago
Posts: 12397
Member since: Feb 2007

What neighborhood is this in?

Ignored comment. Unhide
Response by walpurgis
over 12 years ago
Posts: 593
Member since: Feb 2009

Co-cop transactions are defined as purchases made by two married law officers; owner occupancy is usually low due to constant shift & assigned precinct changes. On a positive note, these buildings are very safe.

Bernard Kerrick is a great resource for tips on renovations, contracting & especially billing.

Best of Luck!

Ignored comment. Unhide
Response by Brooks2
over 12 years ago
Posts: 2970
Member since: Aug 2011

What neighborhood is this in?

Ignored comment. Unhide
Response by bramstar
over 12 years ago
Posts: 1909
Member since: May 2008

Well for one, you may have a hard time getting financing. Banks don't like to see low owner-occupancy.

Ignored comment. Unhide

Add Your Comment

Most popular

  1. What is the deal with Brooklyn
    24 Comments
  2. Dentist and gold crowns
    23 Comments
  3. Losses on Manhattan condos
    52 Comments
  4. Cost to Build Affordable Housing
    29 Comments
  5. Leveling floors
    20 Comments