Home Buying in Rego Park>Question Details

guochunliu, Home Buyer in Queens, NY

Kathy I want to a one-bedroom at 6610 thorton pl in rego park. I saw the finanical statement shows the net income is negative. Is it safe to buy?

Asked by guochunliu, Queens, NY Sun Aug 19, 2012

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1
Hi,

If the co-op's financial statement is in the negatives, you have to take a look at their reserve line to make sure the financials of the building is sound. With that being said, this is a perfect time to purchase and it is a buyers market. I will be happy to assist you with your search.
0 votes Thank Flag Link Fri Aug 31, 2012
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