[et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.22.1″ _module_preset=”default” background_image=”https:\/\/nysck.com\/kueberrealty\/wp-content\/uploads\/2022\/07\/innerpage_banner-1.jpg” custom_padding=”100px||100px||true|false” custom_padding_tablet=”100px||100px||true|false” custom_padding_phone=”45px||30px||false|false” hover_enabled=”0″ locked=”off” global_colors_info=”{%22gcid-8ebb01f3-3a89-47c4-a8f6-8f6fa0eec87a%22:%91%22background_color_gradient_stops%22%93}” title_text=”innerpage_banner (1)” sticky_enabled=”0″][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text disabled_on=”on|on|on” _builder_version=”4.17.6″ _module_preset=”default” header_font=”|700|||||||” header_text_align=”center” header_text_color=”#FFFFFF” header_font_size=”45px” custom_margin=”||0px||false|false” header_font_size_tablet=”35px” header_font_size_phone=”25px” header_font_size_last_edited=”on|phone” disabled=”on” global_colors_info=”{}”]<\/p>\n
[\/et_pb_text][et_pb_divider color=”#FFFFFF” divider_weight=”5px” disabled_on=”on|on|on” _builder_version=”4.17.6″ _module_preset=”default” width=”40%” width_tablet=”41%” width_phone=”50%” width_last_edited=”on|phone” module_alignment=”center” disabled=”on” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.16″ _module_preset=”default” custom_padding_tablet=”” custom_padding_phone=”20px||20px||true|false” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”2_3,1_3″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”2_3″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.17.6″ _module_preset=”default” text_font=”|600|||||||” text_text_color=”#2d2d2d” text_font_size=”30px” text_line_height=”1.8em” text_font_size_tablet=”16px” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” text_line_height_tablet=”1.8em” text_line_height_phone=”1.5em” text_line_height_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n
Kew Gardens Coops<\/span><\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.17.6″ _module_preset=”default” text_text_color=”#2d2d2d” text_font_size=”16px” text_line_height=”1.8em” text_font_size_tablet=”16px” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” text_line_height_tablet=”1.8em” text_line_height_phone=”1.5em” text_line_height_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n When you purchase a co-op, you become a shareholder in a corporation that owns the property. As a shareholder, you have secured the exclusive use of a housing unit located on the property.<\/span><\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.17.6″ _module_preset=”default” text_text_color=”#2d2d2d” text_font_size=”16px” text_line_height=”1.8em” custom_margin=”-15px||||false|false” text_font_size_tablet=”16px” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” text_line_height_tablet=”1.8em” text_line_height_phone=”1.5em” text_line_height_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n To purchase shares in a co-op, each buyer takes out a “share loan” in the form of a mortgage. The share loan pays the cost of buying into the partnership. These loan payments are repaid to the lender, and co-op residents are also responsible for paying a pro-rata share of the costs of running and maintaining the building. Known as the “maintenance,” these costs are paid to the partnership monthly and charged on an at-cost basis. Prices rise when the cost of goods and services go up.<\/span><\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.17.6″ _module_preset=”default” text_text_color=”#2d2d2d” text_font_size=”16px” text_line_height=”1.8em” custom_margin=”-15px||||false|false” text_font_size_tablet=”16px” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” text_line_height_tablet=”1.8em” text_line_height_phone=”1.5em” text_line_height_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n The property’s mortgage may also be included in the monthly fee: Even if an individual tenant has paid off his or her share of the loan, it’s possible for the building itself to have a mortgage on it, held by the corporation, not by an individual partner. Buyers<\/a> are entitled to all of the tax deductions enjoyed by homeowners<\/a>, including the deductions for interest and real estate taxes.<\/span><\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.17.6″ _module_preset=”default” text_text_color=”#2d2d2d” text_font_size=”16px” text_line_height=”1.8em” custom_margin=”-15px||||false|false” text_font_size_tablet=”16px” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” text_line_height_tablet=”1.8em” text_line_height_phone=”1.5em” text_line_height_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n Most Co-Op Applications Require:<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.17.6″ _module_preset=”default” text_text_color=”#2d2d2d” text_font_size=”16px” text_line_height=”1.8em” custom_margin=”-12px||||false|false” text_font_size_tablet=”16px” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” text_line_height_tablet=”1.8em” text_line_height_phone=”1.5em” text_line_height_last_edited=”on|phone” 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