Can a Parent Buy a NYC Co-op for an Adult Child?

Nick at Hauseit (https://www.hauseit.com) reveals whether a parent can buy a NYC co-op for an adult child. Save money when buying real estate in NYC with Hauseit: https://www.hauseit.com/buyer-closing-credit/

Learn how to save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. How it works: https://www.hauseit.com/how-it-works/
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It depends on the building. Some co-ops don't allow parents buying for children. Other buildings may welcome it. Certain co-ops will approach it on a case by case basis. Be sure to confirm the co-op's policy in writing before submitting an offer, and certainly before you sign a purchase contract.

If the co-op does not permit parents buying for children, consider the following alternatives: co-purchasing, guarantors or gifting. Confirm these policies in writing with the building.
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Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. Learn how it works: https://www.hauseit.com/how-it-works/

Hauseit Group LLC, Licensed Real Estate Broker
Tel: +1 (888) 494-8258
Email: team@hauseit.com
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