Max financing 50% of purchase price/appraised value of unit
Flip Tax = 2% of selling price if shareholder has owned for more than 2 years, paid by BUYER; 3.0% of selling price if shareholder has owned for 2 years or less, paid by BUYER.
Subleasing approved on rare occasions - job relocation on a temporary basis - Subleases normally for a period of not less than 1 year or more than 2 years. If sublet is approved, a sublet fee of 20% of the monthly rental will be required for term of lease - billed on monthly maintenance bill
Two East Ninety Eighth Street Co., Inc.
1165 Fifth Avenue
New York, NY 10029
co-op
applications
property contacts
confirm to continue
general policies
Pets Allowed
Guarantors Allowed
Considered on a case by case basis
In Unit Washers/Dryers Allowed
Smoking Allowed
Not in common areas.
Subletting Allowed
In cases of hardship.
Short Term Rentals Not Allowed
AirBnB Not Allowed
Pied-a-terre Not Allowed
Co-Purchasing Not Allowed
Parents Buying for Employed Child(ren) Allowed
Considered on a case by case basis
Parents Buying for Student Child(ren) Allowed
Considered on a case by case basis
Corporate Purchase/Lease Not Allowed
Diplomat Purchase/Lease Not Allowed
financing policies
Max Financing as %
50% of purchase price
insurance requirements
Homeowner's Insurance Required
additional building information
Purchase as a trust is not permitted, however existing shareholders may request a transfer to trust.
For due diligence requests, please contact Keisha Washington at kwashington@bhsusa.com
For due diligence requests, please contact Keisha Washington at kwashington@bhsusa.com
common area protocol
Regularly Scheduled Cleaning and Disinfecting
Hand Sanitizer Available Throughout Building
apartment showing policies
Viewing Board Minutes Online
Open Houses
-
Appointment Only
other
Brokers Only open houses
permitted.
special amenities
Multimedia/Entertainment Room
Fitness Center
on site services
24 Hour Security
Doorman
pets
Pets OK, Upon Approval
building type
Pre War
Fees set by and remitted to building and property management company.
co-op sale
| payor | fee | due upon | amount |
|---|---|---|---|
| Buyer | Application Processing Fee (Non-Refundable) | Submission | $450 if no financing involved OR $550 if financing involved |
| Buyer | Background Check Fee (Non-Refundable) | Submission | $100 per applicant/occupant |
| Buyer | Credit Check Fee (non-refundable) | Submission | $75 per applicant/occupant |
| Buyer | Messenger Services Fee (Non-Refundable) | Submission | $65 |
| Buyer | Move-In Fee (Non-Refundable) | Submission | $1,000 |
| Seller | Move Out Fee (Non-Refundable) | Submission | $1,000 |
| Buyer | Flip Tax (Non-Refundable, (Required)) | Closing | $__ Equal to 2% of the selling price if shareholder has owned the apartment for more than two (2) years OR 3% of the selling price if shareholder has owned the apartment for two (2) years or less |
| Buyer | Recognition Agreement Fee (If Financing) (Non-Refundable) | Closing | $300 (if applicable) |
| Shareholder | Managing Agent's Fee (Non-Refundable) | Closing | $900 (Shareholder is an Individual) or $1000 (Shareholder is an Estate) |
| Shareholder | N.Y. State Transfer Tax Stamps (Non-Refundable) | Closing | $0.05/share |
co-op sublet
| payor | fee | due upon | amount |
|---|---|---|---|
| Shareholder | Move-Out Fee (Non-Refundable) | Submission | $1,000 |
| Subtenant | Application Processing Fee (Non-Refundable, Required) | Submission | $550 |
| Subtenant | Background Check Fee (Non-Refundable) | Submission | $100 per applicant/occupant |
| Subtenant | Credit Check Fee (non-refundable) | Submission | $75 per applicant/occupant |
| Subtenant | Move-In Fee (Non-Refundable) | Submission | $1,000 |
| Subtenant | Prepaid Move-Out Fee (Non-Refundable) | Submission | $1,000 |
| Shareholder | Corporation's Sublet Fee (Non-Refundable) | Upon Approval | $__ Equal to 20% of monthly rental income |
less refinance
| payor | fee | due upon | amount |
|---|---|---|---|
| Shareholder | Application Processing Fee (Non-Refundable, Required) | Submission | $500 |
| Shareholder | Messenger Services Fee (Non-Refundable) | Submission | $35 |
more refinance
| payor | fee | due upon | amount |
|---|---|---|---|
| Shareholder | Application Processing Fee (Non-Refundable, Required) | Submission | $500 |
| Shareholder | Messenger Services Fee (Non-Refundable) | Submission | $35 |
single application initiation fee
One-time fee paid by the person who begins the application.
| payor | fee | due upon | amount |
|---|---|---|---|
|
Agent /
Attorney Applicant
Current Resident
|
Sale/Lease
Sale/Lease
Refinance/Renewal
Alterations
|
Initiation
Initiation
N/A
|
$75
$120
Free
|
| Application Participants | Any | N/A | Free |
If you are a real estate agent affiliated with one of our enterprise brokerage clients starting an application is covered by your brokerage.
digital submission fee
| payor | fee | due upon | amount |
|---|---|---|---|
| New Resident | Purchase Sublet/Lease Storage Sale Parking Sale |
Submission | $65 |
| Current Resident | Renewal Refinance Transfer Storage Sale Parking Sale Alteration |
Submission | $45 |
app admin fee
| payor | due upon | amount |
|---|---|---|
| Any Participant Paying Building Fees | Submission | 5% of Total (excluding Digital Submission & Initiation Fees) |
For more detailed information, please see our Pricing page.
All property information and documentation provided by property management.
10/07/25