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StreetEasy

building at 2 Fifth Avenue

Started by Hal
almost 17 years ago
Posts: 1
Member since: Feb 2009
Discussion about
What kind of minimum financial requirements does the Coop Board have for new buyers?
Response by calypso
almost 17 years ago
Posts: 18
Member since: Mar 2009

I bought in a very similar building on the same block. The buildings are comparable, and the boards are strict. They look for a lot of liquid assets left after the sale.

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Response by kylewest
almost 17 years ago
Posts: 4455
Member since: Aug 2007

You have to be very solid even after the 40% down (2 Fifth requires that much, yes?). Maintenance is relatively high in the building and they want lots and lots of depth to your wealth. It isn't some utterly ridiculous Park Ave. type board, but if you are uncertain, that may be your answer.

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