How to find out who owns a Coop Apartment – have the address?
Aug 27, 2009
in
Commercial Mortgage FAQ
I’ld like to find out who owns a particular coop apartment. I have the address and would like to do a reverse look up of the owner. The property is in Brooklyn, NY. I did a search on nyc.gov/finance for the property but it shows that the whole building is owned by a company, and there are no individual owners for each apartment. Where else can I look?
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One comment
fr_chuck on August 27, 2009 at 4:23 pm
A coop apartment does not have an individual owner.
A coop is set up as a corporation who owns the entire building. All of the apartments. An apartment "owner" actually does not buy thier apartment but only buys shares of the coop, and in return for this coop ownership recieves an apartment.
There are many negitives issues that have hurt coops and that is why individucal ownership of individual apartments instead of a coop style.
So the corporation owns it, so you would be buying shares in the coop to take over an apartment there