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Condos and CoOps

EVERYTHING YOU ALWAYS WANTED TO KNOW BUT WERE AFRAID TO ASK


Join Us Online LIVE

For This Special Continuing Education Event With The Experts

Thursday, July 9th at 11:00am



2.0 CE Hours Approved by NYS DOS
Spots Are Limited – Don’t Wait To Register!


Jonathan Helfer, Esq. Partner Since joining the firm in early 2008, Jonathan has handled and supervised thousands of transactions, from the most basic to the most complex residential and commercial deals. Clients and brokers know that when they work withJonathan they are working with someone who not only is extremely knowledgeable and professional, but also with someone who truly cares and wants the experience to be a positive one. He is well known and liked by his peers in the real estate community and speaks often at numerous brokerage offices as well as continuing education classes. He and his wife, Erica, are parents of two wonderful sons and reside in Manhattan.
Steven Szczesny, Esq. Associate Steven enjoyed great success prior to entering the residential real estate world as a litigator, prevailing in over 85 percent of his trials. Outside of litigation, he also worked in the public sector with the NYPD and had a brief stint in politics with Congressman Steve Israel. Steven brings his trial acumen to real estate transactions, where his attention to detail, amazing people skills and responsiveness are immediately evident and appreciated by all who are lucky enough to work with him. Steven’s goal in all of his transactions is to be extremely efficient, organized and transparent throughout the whole process. His professional demeanor, knowledge and upbeat attitude are appreciated by clients and fellow colleagues alike. Steven is admitted to practice in New York as well as being admitted to practice in all four Federal Districts in New York.
Aaron Pisano is a NYC mortgage veteran who assists a full range of clientele in navigating the complexities of home purchasing. He provides peace of mind and confidence as individuals acquire their first home or an additional property for their real estate portfolio. He believes in swift and consistent communication from contract signing to closing, and simultaneously cares for the needs of co-op boards, attorneys, title companies, and real estate agents.
Whitney Farber With more than 12 Years in New York real estate, Whitney is focused on providing you “The Service You Deserve” coupled with the utmost care and accurate knowledge on the state of the market. As the V.P. of Sales with 1st Equity National Title and Closing services, she follows every transaction from receipt of order to the closing table. Clients choose to work with Whitney for her full-service firm, ethics, experience, and expertise. Whitney has consistently demonstrated the ability to satisfy her clients. Her strong base of loyal repeat customers is the reason Whitney has been so successful for over a decade in this competitive sales environment.

What You'll Learn

Upon completion of this Course, Students will be able to:
  • Understand the Difference between Cooperative Ownership and Owning a Condominium Unit (Shares in a Corporation vs a Deed)
    • The Pros of Coop Ownership
      • Price per Square Foot – “More Bang for your Buck”
      • Closing Costs
      • Supply
    • The Cons of Coop Ownership
      • Approval Process
      • Freedom to Sell
      • Rules, Rules, Rules (sublet, pets, renovations, etc.)
    • The Pros of Condo Ownership
      • Freedom!
      • Approval Process (Right of First Refusal)
      • Ownership Options
    • The Cons of Condo Ownership
      • Cost Per Square Foot
      • Closing Costs (Mortgage Recording Tax, Title Insurance, etc.)
  • Due Diligence When Buying a Condo or a Coop Unit
    • Owner Occupancy
    • Commercial Space
    • Upcoming Capital Improvements
    • History of Maintenance/Common Charge Increases
  • Sponsors and New Developments
    • Differences from Resales
    • Current Market Trends
    • Pros
      • First Owner!
      • Potential Tax Abatements
    • Cons
      • Closing Costs
      • Timing
  • What is a Condop and How does it Fit In?
    • Reasons for Creation
    • 80/20 Rule
  • Tips for Representing Buyer and Sellers