Co-Ops
Buying a Co-op Apartment in New York City
Real Estate Law Attorneys
Purchasing a co-op apartment is much different than buying a condominium or home. Rather than purchasing real property, you are actually purchasing stock in a corporation that owns the property. In exchange for the purchase of this stock, you, the shareholder, are granted a proprietary lease to a unit in the complex, exclusive use of complex facilities and certain shareholder rights.
Are you looking to buy a co-op in New York City or Long Island? Get advice from real estate attorneys who understand the ins and outs of purchasing a co-op. Scheich & Goldsmith, P.C, with offices in Queens, and Long Island, has a reputation for providing clients with sound legal advice, personalized service and effective representation. Contact us to discuss your real estate plans.
Legal Services for Co-op Buyers
At Scheich & Goldsmith, P.C., we offer professional services to clients looking to buy a co-op apartment in NYC. Because buying a co-op does not involve real property but rather stocks in a corporation, it is quite different than buying or selling a home.
Our firm will assist you with all legal aspects of buying, owning or selling a co-op apartment, including:
- Financing and lending issues
- Tax deductions
- Property tax issues
- Insurance issues
- Proprietary leases
- Dealings with the co-op board
We have years of experience helping clients with real estate matters and understand the specific considerations that must be accounted for in transactions involving co-ops. Rest assured, we will provide you with practical advice designed to meet your exact housing needs.
We also represent clients who are looking to buy or sell a condominium in New York City.
Contact Us
For reliable advice and dedicated legal representation in any cooperative apartment matter, contact our lawyers at Scheich & Goldsmith, P.C. In real estate matters, we routinely assist clients throughout the five boroughs, Nassau County, and Suffolk County.
