Buying or Selling a Co-op
Real estate transactions involving co-operative buildings are common in the New York City area, and they are very different from other traditional kinds of residential real-estate. The most important distinction: rather than becoming an owner of property, you become a shareholder of the co-operative with a lease on your particular unit.
At the Forest Hills law office of Kevin Ribakove, our attorney has extensive experience assisting clients in the purchase or sale of co-operative apartments and other real estate transactions. We understand the unique issues that arise in the purchase and sale of co-ops, and we can guide you through this complex process to make sure that your interests are protected.
Making Sure That Your Investment is Sound
Like any other investment, you want to make sure that the co-operative corporation is a sound and viable organization. At the Law Office of Kevin Ribakove we help you evaluate the co-op's business fundamentals, analyze balance sheets and review financials so that you have all the information you need and understand what it means for you investment.
Whether you are making a purchase or a sale, our founding lawyer puts decades of experience with co-op transactions and a commitment to client service to work for you. We will help you make informed decisions that meet your needs and explain relevant issues such as:
- The differences between co-ops and other real estate
- Tax implications
- How your contract and lease will work
- How your co-op stock certificates work
- Financing your purchase
Combining our experience with a dedication to personalized client service, we have been helping clients in Queens, Brooklyn and greater New York City smoothly transact real estate sales and purchases for decades.
Discuss Your Co-Op Transaction With Us
Whether you have previous experience with co-op transactions or you are a first time buyer with no previous knowledge, we adapt our representation to meet your needs. We help you understand your investment and protect your financial interests. Call our office today at 718-793-5600 or reach us online to schedule an initial consultation.
