| Vesta Coop Purchase Analysis |
Vesta New York LLC created this interactive Excel spreadsheet to help buyers understand what a typical NYC co-op would look for in terms of buyer qualifications.
Co-ops typically sell at a discount to condos, but they are a more restrictive type of ownership. Among other differences, the co-op's Board of Directors must approve a potential shareholder (buyer) and their finances. They are two measures of financial health that a co-op will typically review, which this spreadsheet illustrates generally; you can input your income and other information about the building to understand how they apply to your situation specifically.
Please contact us if you have questions about your own situation and how a co-op board might might consider it.
Co-ops typically sell at a discount to condos, but they are a more restrictive type of ownership. Among other differences, the co-op's Board of Directors must approve a potential shareholder (buyer) and their finances. They are two measures of financial health that a co-op will typically review, which this spreadsheet illustrates generally; you can input your income and other information about the building to understand how they apply to your situation specifically.
Please contact us if you have questions about your own situation and how a co-op board might might consider it.
