|
APARTMENTS
BUILDINGS
COMPANIES
AGENTS
NEIGHBORHOODS
|
|
Co-op ownership implies owning shares in a company that
owns the building. This form of ownership has both advantages
and drawbacks (see notes below).
The following are the co-op buildings we've surveyed.
At present, this list is far from comprehensive - in fact, a very large
proportion of buildings in Manhattan belong to this category.
Downtown Manhattan Co-Op Buildings
This is a partial list of co-op buildings in Downtown Manhattan.
The longer
complete list of downtown co-op buildings
is also available.
See all downtown co-op buildings (79 buildings)
Midtown Manhattan Co-Op Buildings
Below is a partial list of midtown co-op buildings.
The longer
complete list of midtown co-op buildings is also available.
- 10 West 15th Street
(Flatiron District)
A post-war mid-rise doorman building offering laundry facilities. - 153 East 26th Street
(Kips Bay) [1 available no-fee apt]
A mid-rise elevator building offering laundry facilities. - 284 Fifth Avenue
(Flatiron District)
A turn-of-the-century mid-rise landmark elevator building offering laundry facilities. - 343 East 51st Street
(Midtown East) [2 available no-fee apts]
A mid-twentieth century low-rise elevator building offering laundry facilities. The apartments have high ceilings. - 420 West 46th Street
(Hell's Kitchen (Clinton))
A pre-war walk-up building. The apartments have high ceilings. - Gramercy Arms
(145 East 15th Street, Gramercy Park)
A post-war mid-rise doorman building offering a garage and laundry facilities. - Gramercy East
(301 East 22nd Street, Gramercy Park)
A post-war mid-rise doorman building offering laundry facilities. - Murray Hill Crescent
(225 East 36th Street, Murray Hill)
A post-war high-rise doorman building offering a garage and laundry facilities. The building both East River and Empire State building views.
- New York Towers
(305 East 24th Street, Kips Bay)
A post-war high-rise doorman building offering laundry facilities. - Park Towers
(201 East 17th Street, Gramercy Park)
A post-war high-rise doorman building offering a gym, a garage and laundry facilities. - The Peter Stuyvesant
(210 East 15th Street, Gramercy Park)
A post-war mid-rise doorman building offering a gym, a garage and laundry facilities. - Riverview East
(251 East 32nd Street, Kips Bay) [1 available no-fee apt]
A post-war mid-rise doorman building offering laundry facilities. - The Rutherford
(230 East 15th Street, Gramercy Park)
A post-war mid-rise doorman building offering a garage and laundry facilities. - Stonehenge 57
(400 East 57th Street, Midtown East)
A high-rise doorman building offering a garage and laundry facilities. A white brick and black masonry façade. - The Van Dorn
(150 West 58th Street, Hell's Kitchen (Clinton)) [3 available no-fee apts]
A pre-war mid-rise doorman building offering laundry facilities. Located steps from Central Park and Columbus Circle.
See
all midtown co-op buildings
(126 buildings)
Uptown Manhattan Co-Op Buildings
A partial list of uptown buildings can be seen below. As usual, the
complete list of uptown co-op buildings
is also available.
See
all uptown co-op buildings
(194 buildings)
The latest additions/updates to the database of co-op buildings were made on:
April 28, 2013.
Recently Added/Updated Co-op Buildings:
260 Monroe Street , 1244 Herkimer Street , 3050 Fairfield Avenue , 212 East 13th Street , The Forum
NOTES
Buying a co-op is different from buying a condo in several respects:
- Technically, you don't own your apartment, you own shares in the building.
The number of shares is usually determined by square footage.
- Most buildings are older. Coops started appearing in New York
early in the 20th century. Condo buildings came later. In fact,
most pre-war buildings in Manhattan are co-ops.
- Most co-op apartments are cheaper than comparable condos.
- On the other hand, maintenance fees tend to be higher than
in comparable condo buildings.
- There are tax differences as well.
- Most things (starting with getting admitted into the building)
require board approval.
Co-ops tend to be much restrictive with allowing
renovations, especially those that are
considered disruptive to neighbors.
- For the same reason, renting out your co-op apartment may be difficult.
It all depends on the co-op board.
- Financing a co-op purchase can be more difficult (or, in some cases,
even impossible).
The most prestigious (and restrictive) buildings have been known
to require the full purchase price upfront, without possibility of getting a mortgage (This may seem a little extreme, but the thinking of those boards, apparently, is that if you can't afford paying in cash, you can't afford being their neighbor).
Other boards may be more understanding but still require a significant downpayment.
- The boards themselves range from reasonable to eccentric. While the
reasonable variety is more common, horror stories abound, too -
from applicants having to supply 1,000+ page tomes of documentation and
countless "character references" to board interviews conducted in French.
(Presumably, in the last case, non-French-speaking applicants were deemed to be of insufficiently good character to qualify as neighbors).
- As you might imagine, all these factors can complicate the sale of your
co-op apartment, should you decide to eventually sell it. Some buildings
with exceptionally demanding boards have been known to have apartments
on the market for several years.
Renting in a co-op is also a possibility, but depending on how the building functions, you may have to be approved by the co-op board first, which may be quite a process. Again, it all depends on the board!
If all this sounds like too much trouble, your options are:
buying/renting a condo or
finding a good apartment in a
rental building.
|
