Property Q&A in New York>Question Details

Shelley Blank, Home Buyer in Florida

WHAT FLOOR IS THIS APT. ON?

Asked by Shelley Blank, Florida Tue Nov 4, 2008

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This question is about this property: http://www.trulia.com/property/1068654952-520-W-23rd-St-10B-…

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It's on the 10th floor and it faces south. Please contact me to get more information or if you need help scheduling a showing.
1 vote Thank Flag Link Tue Nov 4, 2008
Hello Shelley-

This apartment is located on the 10th floor of a 16 floor building.

The building is also a condop, which is a hybrid of a co-op and condominium. If you are unfamiliar with the nature of a condop here is a quick summarization. A condop is a co-op with rules and bylaws similar to a condominium.

What that means to you is that your closing costs will be significantly lower than if you were buying a condominium.

Just like a Condo, a Condop structure allows you to sublet your property without restrictive policies; unlike most co-ops that have more restrictive sublet policies.

The board approval process is very similar to that of a condominium which is a big advantage to purchasing a condop. The co-op process is very difficult with a complete financial and personal background check.

If you have anymore questions regarding this property or purchasing in Manhattan altogether, I would be happy to answer any more questions you might have.
Web Reference: http://www.nycaptinfo.com
0 votes Thank Flag Link Tue Nov 4, 2008
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