Joshua Garay, President of GarayRealEstate.com, discusses the Pros & Cons of a Coop (Co-op) Apartment. He is an expert on Coop (Co-op) sales transactions in New York City.

Purchasing in a Coop (Co-op) building offers a lot of value. The cost is less expensive than buying in a Condo or Condominium building. However, there can be many restrictions when living in a Coop (Co-op) property. These include:

1) Limited subletting
2) Strict board application review
3) Potential difficulty with re-sale
4) Board application rejection
5) Review of Apartment renovation or rehab work

However, many Coop (Co-op) can be incredibly charming as there are a lot of pre-war buildings, especially on the Upper West and Upper East Side.

As a New York City Coop (Co-op) specialist with years of experience, it's important to look at both Condo and a Coop (Co-op) properties.

The first priority is to sit down and determine the type of property that will be the best fit for you.

Joshua Garay is a residential and commercial real estate Broker in New York City. He is very experienced with A Coop (Co-op) board packages.

Please feel free to contact us with any comments or questions. We hope you find this video educational.

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