Splitting a Property then Co-op’ing

Has anyone had experience in buying a building/ brownstone and turning it into a co-op? We can’t afford to buy our own house/ brownstone but are in talks w another couple into buying a place and dividing it into 2 apts (if it isn’t alrady) then co-op’ing. We know there are complications w this but want info from those who have looked into it. I heard co-op’ing a building could cost up to $60K. Before we get in touch w our attorney thought to try here.

By kensingtonbrooklyn | 08/28/2007 2:37 PM