Just put my 2br co-op on the market - UPDATED WITH PICS !!!

Original post by DjPiLL

Sep 06, 2005 01:20 PM

It looks like I will be buying a house... so I have to start this process of selling my co-op.

An Ad will start in this Thursday's Newsday.

Windsor Park 2br/1bth co-op

Price: $279,000
Maint: $560/mo (about 50% tax deductable)
75-20 Bell Blvd. #5F Bayside/Oakland Gardens, Queens 11364

- EXCELLENT condition 2br/1bth co-op
- NEW appliances (Refrigerator, Self-Cleaning Stove, Dishwasher, Microwave)
- NEW pergo style floor
- NEW solid oak 6-panel interior doors (in ALL rooms)
- NEW *mirrored* sliding closet doors (in ALL rooms)
- RENOVATED Kitchen
- RENOVATED Bathroom
- AWARD WINNING School District #26
- Maintenance $560 a month (about 50% tax deductable)
- Indoor & Outdoor Parking Available
- Olympic Sized POOL & Tennis Club available

I'll have pics up later in the week if anyone is interested... but I am sure you will be pleased with the condition of my place.

I will be having an open house on Sunday the 11th and Sunday the 18th from 1-5pm.

The Co-op requires 15% down payment (they will check the bank's committment letter). But its ok to pull money from say a 401k or retirement account to fund this down payment. As long as the bank doesn't care where you get the money from... and they give you a committment letter stating you are putting at least 15% down... you are good to go.

The co-op also has a 'no pets policy'. You may be able to sneak a cat in there if you have one. But don't hold me to that.

Windsor Park is run by an EXCEPTIONAL board of directors who's primary goal is to drive up sales prices... by performing continuous capital improvements (and not charging owners for these improvements)... as well as keeping maintenance fees low.

WP Maintenance is probably one of the LOWEST maintenance fees you will find at ANY Bayside co-op... and approximately half of that is tax deductable!

Any questions.... throw me a FM.

Here are some pics. Bear in mind I took these while it was dark out... so my only lighting was inside the house.

Kitchen Pics

Bathroom Pic

My new solid oak interior doors

My sliding mirrored closet doors (I have these in ALL my rooms - master bedroom has DIESEL FRAMELESS ones) Coat closet pictured below

My laminate flooring (for half the apartment - other half is carpeted)

Living room

Dining area

CaMacho Posted: Sep 08, 2005 02:56 PM

Re: Just put my 2br co-op on the market - UPDATED WITH PICS !!!

Wow thanks for the explanation!!! So when you sell, is it the same process as a house?

DjPiLL Posted: Sep 08, 2005 03:33 PM

Re: Just put my 2br co-op on the market - UPDATED WITH PICS !!!

Posted by CaMacho

Wow thanks for the explanation!!! So when you sell, is it the same process as a house?

Yup! There are a couple of odds and ends with a co-op... but its pretty much the same. You get a contract just like a house. You have to have a lawyer. You exchange a deposit. Buyer has to get a mortgage. All very similar.

When you buy a co-op... you have to fill out a co-op application that looks just like a bank application. And you usually have to give the co-op management all the same forms you give a bank (tax forms, pay stubs, bank statements, etc).

I would say the process is about 90% similar to a house.

CaMacho Posted: Sep 11, 2005 10:21 PM

Re: Just put my 2br co-op on the market - UPDATED WITH PICS !!!

Posted by DjPiLL

Posted by CaMacho

Wow thanks for the explanation!!! So when you sell, is it the same process as a house?

Yup! There are a couple of odds and ends with a co-op... but its pretty much the same. You get a contract just like a house. You have to have a lawyer. You exchange a deposit. Buyer has to get a mortgage. All very similar.

When you buy a co-op... you have to fill out a co-op application that looks just like a bank application. And you usually have to give the co-op management all the same forms you give a bank (tax forms, pay stubs, bank statements, etc).

I would say the process is about 90% similar to a house.

Appreciate the info! Thanks.