Question

Asked: Nov 01, 2009

How do 4 people in an apartment-turn their building into a co-op?

I live in a apartment building that has 4 tennants.
We are trying to find out what does it take to turn this apartment into a co-op?

Categories: In Real Estate > Buying
Industries: In Real Estate > Property Management

Watch this Question | Email to a Friend

Answers

Hi Doves,

This is properly a question for a local real estate attorney, or a very skilled broker (Note, Broker, not an agent! And I strongly suggest looking for the Realtor designation).

Obtaining the necessary changes in property descriptions from a single plot building to a group of separate condominium spaces is complex and can be expensive. It may require remodeling to meet local codes, or even litigation with zoning and other issues.

Good Luck!

Source: http://www.abusinessmentor.com

Answered: Nov 11, 2009

FEATURED LISTINGS

Manhattan, New York - Office and Retail Space Leasing

Solve your NYC space needs with Manhattan leasing specialists. We understand your needs. From SOHO to Midtown, we are your partner.

www.NYCspaces.com

Commercial Real Estate

Find Commercial Real Estate by Location, Price and Property Type.

www.LoopNet.com

Commercial Mortgages

Looking to buy commercial real estate? Then you'll need a commercial mortgage. Compare offers from local providers in your area today.

JustClickLocal.com

Office Space Listings

View office space listings, including executive suites and office rentals. View all online, 100% Free Search.

www.InstantOffices.com

Kentucky Commercial Real Estate

Ready-To-Move-In Furnished Offices. Internet, Phones, Receptionist, Meeting Room. Short or Long Term Leases. Several Locations Available.

OfficeList.com