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Co-Op Financial Requirements in NYC

Co-op financial requirements in NYC are stricter than the requirements for buying a condo and you might need to save much more than the usual 20% for down payment, to meet the financial requirement for a co-op board.

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How Much Are Closing Costs?

Closing costs can range between 2-4% of the property price for buyers and 8-10% for sellers because they have to pay the brokers’ commission.

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What Is An HVAC?

An HVAC system is responsible for circulating hot and cold air inside a building and maintaining the indoor temperature at comfortable levels.

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