What is a co-op?
A co-op is the legal term for a housing unit that is owned and controlled jointly by a group of individuals within a corporation; whereby a shareholder signs a proprietary lease for a specific home, is issued shares, receives membership and/or occupancy rights to the housing corporation and pays an allocable share of the corporations operating budget through monthly maintenance charges which includes real estate taxes.
Though a strange concept in many areas of the country, in New York, co-op apartments are widely accepted as the general benefits of living in a co-op include lower home values and shared repair, maintenance and capital investment requirements.
Specializing in co-op apartments, we offer residents access to high-quality living in Queens. As a former member of more than 20 coop boards and a current member of the Long Island Board of Realtors (including Queens) and MLS, the Hudson Gateway Association of Realtors (Westchester) and MLS, the National Association of Realtors and the Board of Directors of The Random Farms HOA (in Chappaqua), I am committed to adhering to the rigorous standards set forth by these professional and corporate organizations.
Increasingly popular and pleasant housing communities along the Long Island Sound which offer a variety of benefits and amenities including fitness centers, pools, tennis courts and clubhouses, the co-ops in Le Havre on the Water, Cryder Point, Cryder House as well as other co-ops throughout Whitestone, Beechhurst, Bayside and greater Queens have proven to be favorites among long-term residents.
Find out more about the unique benefits of co-op living by contacting me at Shares of New York. I look forward to helping you become a member of our family-focused community.