How much does a co-op City apartment cost?
Apartments cost between $13,500, for a basic one-bedroom, and $29,250, for a three-bedroom with one and a half baths and a balcony. Monthly carrying charges range from $646 to $1,394. Floor height plays a part in determining those fees; the high-rises range from 24 to 33 stories.
How much does a co-op cost in NYC?
Overall when purchasing a co-op in NYC, buyers should expect to pay about one to two percent of the purchase price, or two to three if the apartment costs more than $1 million. As for condos, expect two to four percent as a safe range, the lower end for properties under a million dollars with small mortgages.
Can you rent co ops in NYC?
Renting in a New York City co-op can get you a bigger apartment with nicer finishes and amenities in a well-maintained building, but often there’s one extra step to the application process: A board interview. (Some condo buildings may require them for renters too.)
Is Coop City a good place to live?
Co-Op City is a wonderful place to live. It has its own mall, which is probably the reason it gets a bit crowded in the afternoon. The buildings have laundry rooms in the basement, there are countless playgrounds, a huge grassy area, and parking for residents.
What are the projects in the Bronx?
It consists of nine buildings with 1,260 apartments. Completed February 28, 1951, the 13.94-acre (5.64 ha) Bronx development is bordered by East 174th Street, Harrod, and Bronx River Avenues. Bronx River Houses is home to 3,025 residents….
| Bronx River Houses | |
|---|---|
| State | New York |
| City | New York City |
| Borough | Bronx |
| ZIP codes | 10472 |
What is a co-op apartment in NYC?
What is a co-op in New York City? Co-op is short for “cooperative.” When you buy a co-op apartment, you are actually buying shares in a corporation that owns the building. That might sound strange given a co-op listing advertises a specific apartment but technically, the buyer is purchasing shares.
Is it worth buying a co-op in NYC?
As a general rule, buying a co-op is cheaper than buying a condo. This affordability is the primary perk of purchasing a NYC co-op. You’ll also enjoy lower closing costs if you buy a co-op as you won’t have to worry about title insurance or the mortgage recording tax.
What is a NYC co-op apartment?
Co-ops, also known as cooperatives, are owned by a corporation and are not considered real property. When buying a co-op apartment in NYC you are actually buying shares in the corporation that are allocated to that apartment and this entitles you to a proprietary lease.
How many people live in Coop City in the Bronx?
It is the largest single residential development in the United States with a population of approximately 50,000 residents and its own zip code, 10475.