Buying half of upstairs neighbors apartment in COOP

Hey folks! I’m wondering if anyone has the experience of buying an adjacent apartment and expanding their space. I’m currently mulling a proposal to buy half of my upstairs neighbor’s apartment and expand my apartment up to that level. What are your experiences? How does this work in a coop setting with shares and board approvals. Curious what some of you have experienced. Thanks for any advice. 8104012

8104012

in Construction 9 years and 10 months ago

1

Please log in, in order to post replies!

1 replies

Newest Oldest

deanbh | 9 years and 9 months ago

string(1) "1"
object(WP_User)#4864 (8) {
  ["data"]=>
  object(stdClass)#4845 (12) {
    ["ID"]=>
    string(5) "58589"
    ["user_login"]=>
    string(6) "deanbh"
    ["user_pass"]=>
    string(34) "$P$BFqLWIiGK/ir9Rk2VowKBnNIljQNp.0"
    ["user_nicename"]=>
    string(6) "deanbh"
    ["user_email"]=>
    string(17) "ml5@cognation.net"
    ["user_url"]=>
    string(26) "http:///www.collins.net.pr"
    ["user_registered"]=>
    string(19) "2010-07-04 01:21:41"
    ["user_activation_key"]=>
    string(0) ""
    ["user_status"]=>
    string(1) "0"
    ["display_name"]=>
    string(6) "deanbh"
    ["spam"]=>
    string(1) "0"
    ["deleted"]=>
    string(1) "0"
  }
  ["ID"]=>
  int(58589)
  ["caps"]=>
  array(2) {
    ["subscriber"]=>
    bool(true)
    ["bbp_participant"]=>
    bool(true)
  }
  ["cap_key"]=>
  string(15) "wp_capabilities"
  ["roles"]=>
  array(2) {
    [0]=>
    string(10) "subscriber"
    [1]=>
    string(15) "bbp_participant"
  }
  ["allcaps"]=>
  array(4) {
    ["read"]=>
    bool(true)
    ["level_0"]=>
    bool(true)
    ["subscriber"]=>
    bool(true)
    ["bbp_participant"]=>
    bool(true)
  }
  ["filter"]=>
  NULL
  ["site_id":"WP_User":private]=>
  int(1)
}

Yep done it (twice). What do you want to know? Horizontal (combined two studios in 2008) was a breeze. Going vertically in 2012 was a bigger issue due to structural support for the stairs (you can do spiral stairs much easier….but I hate them and our final choice turned out way better). Regarding the coop…..basically I provided them a sketch of what we were planning (eg pre architect and pre selecting builder etc) and they voted yes. Then worked with architect Scott Schnall for permits And worked with builder Edgar Espinosa for construction Would I do it again, yep 100% way better than moving and trying to sell/buy a bigger place. Was it without issues…..nope and at one stage we contemplated selling the downstairs apt because of vertical combination issues but at the end we have a kick ass 2br/2 bth coop on Henry st in Brooklyn and love the location. Ask any specific questions and will try to answer.