Cooperative apartment


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Cooperative apartment

A unit in a building owned and managed by a nonprofit corporation that sells shares in the building, entitling the shareholders to occupy apartments in the building.
References in periodicals archive ?
The Sollentuna Hills project was initially planned as a pure cooperative apartment project with 183 apartments but during 2018, it was restructured into a rental unit project and a cooperative apartment project of 94 homes each.
This article will specifically refer to cooperative apartment houses in the examples, since they are a more common type of cooperative corporation.
From the New York Web site:With the 10-year Treasury note trading at very attractive rates, cooperative apartment buildings and owners of multi-family buildings are taking advantage of low rates and refinancing.
Cooperative apartment: In Letter Ruling 9925027,(5) a taxpayer intended to transfer legal title to her shares and proprietary leases in a cooperative housing corporation to a QPRT, but the cooperative association disapproved the taxpayer's request.
Lee has over 17 years of appraisal experience with income producing properties including multifamily rental and cooperative apartment buildings, government subsidized housing facilities, and mixed-use properties incorporating retail, community facility and garage components.
The cooperative apartment of convicted fraudster Alberto Vilar in a building just north of the United Nations had the highest lien of any New York City apartment scheduled for auction in 2009, according to PropertyShark.com.
* $5,900,000 for the 119 unsold units located within a six-story cooperative apartment building containing 207 total units, located in Yonkers, New York.
With nearly a decade of experience in both commercial and residential real estate, Penson specializes in clients with high net; worth and concentrates in luxury condominium and cooperative apartment sales across Manhattan.
The Fast Track Cooperative ERL program is available to New York City cooperative apartment buildings.
* $10,000,000 combined financing for a 20-story elevator cooperative apartment building containing 159 apartments and parking garage, located on the Upper East Side in New York.
* $8,200,000 for a loan on 115 co-operative apartments in a six-story cooperative apartment building located in Astoria, Queens.

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