{"id":735,"date":"2024-01-25T17:00:42","date_gmt":"2024-01-25T17:00:42","guid":{"rendered":"https:\/\/nysck.com\/freshmeadowsrealty.com\/?p=735"},"modified":"2024-03-29T08:48:36","modified_gmt":"2024-03-29T08:48:36","slug":"fresh-meadows-co-ops-clearing-the-confusion","status":"publish","type":"post","link":"https:\/\/nysck.com\/freshmeadowsrealty.com\/fresh-meadows-co-ops-clearing-the-confusion\/","title":{"rendered":"Fresh Meadows Co-ops: Clearing the Confusion"},"content":{"rendered":"<p>If you are looking for some breathing room in Queens, Fresh Meadows co-ops are the ticket. While you won&#8217;t see too many meadows in this northeast Queens neighborhood, you will find plenty of residential streets that offer a welcome respite from days spent in fast-paced Manhattan.<\/p>\n<p>You might be wondering why we called out Fresh Meadows co-ops. Co-ops are common in Queens, but they are often poorly understood. If you have a case of co-op confusion, we have the cure! Today we are going to cover the basics about co-ops to help you make informed decisions in the real estate market.<\/p>\n<p><strong>Common Co-op Styles<\/strong><\/p>\n<ul>\n<li>Close your eyes and visualize a co-op. Do you see an image of a mid-rise, brick apartment building? While many Fresh Meadows co-ops fit this description, you can also find them in these styles:<br \/>High-rise buildings.<\/li>\n<li>Townhomes.<\/li>\n<li>Duplex, triplex and multiplex styles.<\/li>\n<li>Senior housing.<\/li>\n<li>Special needs housing.<\/li>\n<\/ul>\n<p><strong>Purchasing a Co-op<\/strong><\/p>\n<p>If Fresh Meadows co-ops are on your list, there are a few things you need to know. Here are the basics:<\/p>\n<ul>\n<li>Co-ops are corporations, and residents are shareholders. When you purchase a co-op, you are not purchasing your unit. You are buying shares in the corporation that allow you to occupy space in the building.<\/li>\n<li>You&#8217;ll need a special type of loan to purchase a co-op. Instead of a mortgage, you will need to secure a share loan. A share loan typically requires a higher down payment than a mortgage, sometimes up to 20%.<\/li>\n<li>Fresh Meadows co-ops typically include maintenance. When you are crunching the numbers, be sure to remember to include the co-op&#8217;s maintenance fee in your monthly budget. In smaller co-ops, residents might need to put a little time and effort into maintenance and upkeep to keep costs low.<\/li>\n<li>Fresh Meadows co-ops can be restrictive. Co-ops must follow fair housing laws; however, they can be more selective about who they allow to enter into the co-op.<\/li>\n<\/ul>\n<p><strong>Want To Know More?<\/strong><\/p>\n<p>Let us give you the lowdown on Fresh Meadows co-ops! Contact Fresh Meadows Realty today to view current co-op listings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are looking for some breathing room in Queens, Fresh Meadows co-ops are the ticket. While you won&#8217;t see too many meadows in this northeast Queens neighborhood, you will find plenty of residential streets that offer a welcome respite from days spent in fast-paced Manhattan. You might be wondering why we called out Fresh [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/nysck.com\/freshmeadowsrealty.com\/wp-json\/wp\/v2\/posts\/735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nysck.com\/freshmeadowsrealty.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nysck.com\/freshmeadowsrealty.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nysck.com\/freshmeadowsrealty.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nysck.com\/freshmeadowsrealty.com\/wp-json\/wp\/v2\/comments?post=735"}],"version-history":[{"count":9,"href":"https:\/\/nysck.com\/freshmeadowsrealty.com\/wp-json\/wp\/v2\/posts\/735\/revisions"}],"predecessor-version":[{"id":1157,"href":"https:\/\/nysck.com\/freshmeadowsrealty.com\/wp-json\/wp\/v2\/posts\/735\/revisions\/1157"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nysck.com\/freshmeadowsrealty.com\/wp-json\/wp\/v2\/media\/736"}],"wp:attachment":[{"href":"https:\/\/nysck.com\/freshmeadowsrealty.com\/wp-json\/wp\/v2\/media?parent=735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nysck.com\/freshmeadowsrealty.com\/wp-json\/wp\/v2\/categories?post=735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nysck.com\/freshmeadowsrealty.com\/wp-json\/wp\/v2\/tags?post=735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}