First-time homebuyer's guide to NYC co-ops and condos
Co-op boards, flip taxes, and maintenance fees — here's what every first-time NYC buyer should know before making an offer.
By Matthew Bizzarro
Buying your first home in New York City is different from anywhere else. Co-ops require board approval. Condos have different fee structures. And competition moves fast.
The Bizzarro Agency has guided thousands of first-time buyers through this process — here's how to start with confidence.
Co-op vs. condo
Co-ops are more common in NYC and typically require board approval, a larger down payment, and monthly maintenance that includes property taxes. Condos offer more flexibility but often cost more upfront.
Your agent will help you understand which building type fits your budget and timeline.
Get pre-approved first
Before touring, get pre-approved with a lender familiar with NYC co-op requirements. Sellers and boards take pre-approved buyers more seriously.
Work with a buyer's agent
A dedicated buyer's agent — like the team at The Bizzarro Agency — negotiates on your behalf, reviews board packages, and keeps the process on track. Call (917) 979-2259 to get started.
