Coop Apartment Pros and Cons | IMPORTANT to know BEFORE buying in NYC

[@SargisMosyan]

Email me at [e-mail] to book your FREE 30-minute one-on-one consultation if you are looking to buy, sell or rent in NYC or if you just have questions regarding NYC Real Estate.

[@Essays4College]

One big con is that you are likely to be living around a lot of older people in your building or complex as co-op boards love the consistent income that a retiree brings.

[@SargisMosyan]

Thanks for watching the video. NYC has so many co-ops and I wouldn't categorize co-ops as such. It's just a different type of ownership.

[@avaramirez7777]

Nice background setup

[@SargisMosyan]

Thanks!

[@haleemathompson5387]

Very organized and well presented video

[@SargisMosyan]

Thanks a lot

[@mayamarshall4224]

Great content. Very informative

[@SargisMosyan]

Glad it was helpful!

[@elliewright214]

Great video. I was thinking to buy last year but I stopped looking. Will probably start again soon.

[@SargisMosyan]

Good luck. Let me know if I can help. You can email me at [e-mail]

[@williampennjr.4448]

the biggest con is when they tack extra charges onto your maintenance bill with no explanation. They don't explain the cuts to your STAR rebate. it's actually up to you to figure out your share of the buildings tax rebates, which is based on a complicated assessment formula which is never explained by the co op or the government.

[@jasonvang1916]

Now I think that coops can actually work in my case

[@SargisMosyan]

Thats great

[@stephensimon2924]

Coops have way too many restrictions

[@SargisMosyan]

Generally there is no one size fits all approach. Depending on a specific situation, buying a co-op may or may not be the best choice for an individual.

[@paulhatfield1274]

How much time it takes to make a video like this?

[@SargisMosyan]

Filming doesn't take too long. But planning and editing is where I spend the majority of my time

[@cirilov.2407]

Thank you for the information 😊 I will not buy anything It s too complicate 😊.

[@SargisMosyan]

Thanks for watching. You mean it's too complicated?