Legal Question in Real Estate Law in New York

equity assessment in a co-op

I've run across this concept wherein the

shareholder in a co-op pays a monthly

''equity assessment'' for a major capital

improvement which is added to the value

of the property when the owner cashes in

their stock (vacates). Is thus a conceot

that is familair? Please offer links to further

understand its use and any regulation.

Thank you


Asked on 12/06/06, 7:22 pm

1 Answer from Attorneys
Peter Moulinos Moulinos & Associates LLC

Re: equity assessment in a co-op

This is a strange concept as I am not sure how the coop can definitevely add value to the property since its sale would be dictated by fair market value. I'd be pleased to discuss this further with you if you'd like.

Kind regards,

Peter Moulinos

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Answered on 12/07/06, 8:49 am


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