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November 27, 2007
C of O - Changing co-op from 8 to 7 units
My husband and I own a ground floor 2-bedroom coop in an 8-unit building in Park Slope. The final sponsor owned unit, located directly above us, is about to hit the market. We, along with the owners of the other second floor unit, would like to purchase and split the unit. We would spiral up and they would break through a load bearing wall. An architect has confirmed that this action is structurally feasible. However, it would require amending the C of O from 8 units to 7 which I understand is an Alt 1. Any thoughts has to how difficult the DOB filings and paperwork would be? Exactly what is the critical path and what are the temporal restraints (e.g. you can only apply for four temporary C of O which is roughly a year). TIA Of course we would like to do this quickly and as cheaply as possible.
Comments
I'm surprised your architect is not aware of this:
The DOB amended Local Law 77 to eliminate the necessity of obtaining a certificate of occupancy where the alteration only consisted of combining apartments to create a larger residential apartment.
Under the new law an Alteration Type II application can be filed for combining apartments without removing open violations against the building.
full article:
http://findarticles.com/p/articles/mi_m3601/is_23_51/ai_n9481458
Posted by: guest at November 27, 2007 1:28 PM
You will also need to re-allocate the coop shares as between the 2 purchasers. You'll probably need an architect to provide a letter stating that the new share allocation is rational.
Posted by: guest at November 27, 2007 3:14 PM
The architect has nothing to do with the shares. I've done several combinations and never been asked to do this. They just combine the shares that the two apartments already have...duh.
Posted by: guest at November 28, 2007 9:41 PM
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