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Underlying Co-op Mortgage Debt

Started by hofo
almost 11 years ago
Posts: 453
Member since: Sep 2008
Discussion about
Is there a way to know what other co-ops' mortgages are so I can compare to our co-op?
Response by crescent22
almost 11 years ago
Posts: 953
Member since: Apr 2008

You can comb through ACRIS filings of nearby buildings of similar size- sort by Document Type on one of the columns and look for mortgages.

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Response by NWT
almost 11 years ago
Posts: 6643
Member since: Sep 2008

http://www.cnyc.coop does an annual Comparative Study of Costs. It includes per-room statistics on stuff like that.

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Response by sippelmc
almost 11 years ago
Posts: 142
Member since: Sep 2007

Off topic, but cool, I didn't know there was a top level domain name for .coop.

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Response by hofo
almost 11 years ago
Posts: 453
Member since: Sep 2008

Thanks Crescent. I tried ACRIS but I don't even see my co-op's refin information there and it was refi two years ago.

Thanks NWT. I looked at the cnyc site and find a lot of interest stuff there but I don't see where I can find the stats you mention.

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Response by NWT
almost 11 years ago
Posts: 6643
Member since: Sep 2008

They don't just hand the report out. Your co-op has to be a member. If yours is, the treasurer probably has the most recent one.

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Response by NWT
almost 11 years ago
Posts: 6643
Member since: Sep 2008

Also, see http://czarbeer.com/webinars/materials/UnderstandingFinancialStatements.pdf

Towards the end they say $35,000-$40,000 per unit in Manhattan is no big deal, assuming the usual kind of co-op.

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Response by hofo
almost 11 years ago
Posts: 453
Member since: Sep 2008

Thank you NWT

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