The requirements to purchase a co-op will vary from co-op to co-op .If there are specific units you are interested in ,check with a local lender as well as the board or management of the building .You can also ask the Realtor if any handling the properties.

Charles D'Alessandro
Fillmore Real Estate http://www.BrooklynRealEstatesales.com

Dear Marsha:

The requirements to purchase a co-op will vary from co-op to co-op and can also differ greatly depending upon what location you are looking in. Here in Brooklyn New York, the vast majority of them require a 20% down payment, good credit and you have to get broad approval. This means that the co-op Board will look over your tax returns, credit report, debt and assets to make sure you will be able to pay the maintenance associated with your co-op unit.

Some co-op also do not allow you to have pets and sometimes there can be other restrictions. If you have further questions or need assistance, fell free to contact me any time.

You also mentioned that you are a "seller." If you have a property you are looking to sell in Brooklyn, New York, I would like to find out more about it.

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com