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brooklyn coops

Started by jms8
about 12 years ago
Posts: 110
Member since: Apr 2011
Discussion about
are they any more reasonable with financial requirements than manhattan coops? examples? thanks
Response by ab_11218
about 12 years ago
Posts: 2017
Member since: May 2009

it depends on the location. the more "prime" you get, Brooklyn Heights, North Slope, the more they behave as if you're in Manhattan.

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Response by jsarnell PRO
about 12 years ago
Posts: 1
Member since: Jan 2010

Yes, much more reasonable.

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Response by selyanow
about 12 years ago
Posts: 132
Member since: Dec 2007

Much more reasonable but can vary greatly depending on individual co-op. That said in many I have looked into they do not have the strict guidelines of 1-2 years housing payments post closing in liquid assets but some are moving in that direction because of the demand.

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Response by NYCMatt
about 12 years ago
Posts: 7523
Member since: May 2009

Define "reasonable" and "behave as if you're in Manhattan".

ALL co-ops (regardless of neighborhood or borough) have minimal standards that must be met by applicants. Just because the building happens to be in Brooklyn doesn't mean you're going to get a bunch of crunchy granola free spirits who eschew the notion of fiduciary responsibility.

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Response by yikes
about 12 years ago
Posts: 1016
Member since: Mar 2012

dude, promise you wont blow up? ok then youre in!

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Response by saj533
about 12 years ago
Posts: 1
Member since: Jun 2011

If the bank will give you a loan and you seem like you'd make a good neighbor, you'll have nothing to worry about.

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