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August 28, 2007
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.
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Hi,
I looked into it a little bit. Here is a link that you can spend hours reading about it. If you are serious I would read the entire website(knowledge is power). http://www.oag.state.ny.us/realestate/conversion.html#3
Good Luck. Maybe after you read it, I'll be asking you the questions.
Posted by: GabeS at August 28, 2007 8:18 PM
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