Assisting You with the Complex Process of Buying a Coop
The chance to buy your dream home. The opportunity to get a return on your real estate investment. The possibility of creating a business literally from the ground up. For help with all of your real estate needs, contact the Law Office of Bert H. Nisonoff, Attorney at Law at 718-878-6467.
For many of our clients, the dream of buying their own home involves the purchase of a coop apartment. At the Law Office of Bert H. Nisonoff, Attorney at Law in Forest Hills, NY, we have extensive experience in this complex area of real estate law. We bring that experience coupled with our legal knowledge to help you.
Unique Aspects of Buying a Coop
Buying a coop apartment is an entirely different process than buying a single-family home. The apartments are owned by a cooperative corporation. What you purchase a proportionate share of the cooperative corporation, you are allowed to reside in your coop apartment. No deed is involved even though you may need a home mortgage. Only a stock certificate and a bill of sale are included with the purchase.
Representing You in Buying a Coop
At the Law Office of Bert H. Nisonoff, Attorney at Law, we represent clients in all the steps involved in buying a cooperative apartment. You may want or need representation before the governing body that will approve or reject your request. The board can accept your application following a thorough review of your finances and lifestyle. Alternatively, they can turn down your application without being required by law to give you a reason.
Challenges You Face When You Apply to Buy a Coop Share
If you decide to buy a coop apartment, you should be aware of the challenges that face you. The complexity and unique nature of this type of real estate purchase requires an advocate at your side to ensure everything is done within the law. Bert H. Nisonoff, a New York City native and our founder, has proven experience in helping people purchase this type of real estate that is, in many ways, uniquely New York.
Contact Us
For more information or to schedule an appointment with an experienced lawyer in regards to buying a cooperative apartment, please contact us.
