Kiritsis & Associates
Buying a Coop (or more appropriately worded buying into a Coop) is a decision involving thorough analysis of a number of legal issues. Unlike a condo, a Coop purchase does not entitle its owner with real property interests. It should be noted that New York City is an exception, with regards to coops outnumber condo units.
Some frequently asked questions with regards to this topic, include:
How would a prospective buyer plan to finance such a transaction?
Is the underlying property subject to a mortgage?
Are there any title issues with regards to the property?
Is property subject to any zoning restrictions?
Would a Limited Liability Company (LLC) be utilized with regards to transferring the property at issue?
Are there any peripheral legal issues surrounding the overall real estate deal (i.e. immigration, tax, anti-money laundering compliance, bankruptcy, foreclosure, divorce, eminent domain, re-development)?
New York Real Property Law
New York Landlord/Tenant Law
Internal Revenue Code
New York State Property Tax Regulations
NYS and NYC Executive Type Orders and Pronouncements
New York Martin Act
Whether buying, selling or leasing real estate in New York City, our firm may be able to help you with your legal needs. Feel free to call us for a free consultation at 212 922 0005.
Law Offices of Kiritsis & Associates
Phone # 212 922 0005
Manhattan Office (Main Office):
633 Third Avenue
New York, NY 10017
Brooklyn Office (By Appointment Only):
1023 74th Street
Brooklyn, NY 11228
New Jersey Office:
7309 Ventnor Avenue
Ventnor, NJ 08406
ATTORNEY ADVERTISING. PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME.
We hope you would find this website useful with regards to finding potentially relevant information for your legal issue. The Law Offices of Kiritsis & Associates PLLC is a boutique law firm headquartered in Midtown Manhattan, with offices in Manhattan, Brooklyn (NY) and New Jersey. We strive to provide professional legal services for individuals and various business entities. Our clientele ranges from including aspiring entrepreneurs, start ups to established business organizations.
We offer flat fee prices for many of the practice areas provided listed throughout our website. For more information on the topic you may be interested, or simply to find out how our law firm can help, you may click at any of our site's links.
We are available for existing and potentially new clients 7 days a week -- via online, phone and/or in person.
Intellectual Property Disclaimer(s):
The materials available through this website and any other websites owned by John Kiritsis (individually and collectively, the "Website") are the property of John Kiritsis and his entities, and are protected by copyright, trademark and other intellectual property laws. You may not use, reproduce, download, store, post, broadcast, transmit, modify, sell or make available to the public content from the Website without the prior written approval of John Kiritsis. Be aware that any unauthorized use of John Kiritsis trademarks and copyrighted content for commercial purposes in violation of John Kiritsis's intellectual property rights will be vigorously enforced. All other trademarks, service marks and trade names referenced in this site are the property of John Kiritsis.