Generally, with that amount, you'll be looking at 1 bedroom 1 bath co-ops in most of central Nassau County. Keep in mind that most co-op boards will insist on 10-20% down payments, however. Very few of them will take 5% down, which is the minimum most lenders will do on a co-op loan. As Kathy noted, pay attention to the financial statements for the building you're buying into. You want to see strong cash reserves and a solid history.