Gracie Terrace Apartment Corporation

1 Gracie Terrace

New York, NY 10028
co-op
back to properties
0 rentals 1 sale
About
Subletting: Sublet Fee: 25% of Annual maintenance - paid with package
Maximum term of 1 year allowed
Shareholder must obtain approval in principle from Board before getting a subtenant - (Extreme Hardship only)

Flip Tax: 2% of Purchase Price paid by the Purchaser

Max financing 70% purchase price/appraised value

Purchase as a trust is reviewed on a case by case basis
Transfer to Trust is reviewed on a case by case basis
applications
property contacts

  • Darryl Rankin

    Account Executive

  • Donna Achaia

    S V P / Director Of Closings

  • Victoria Balbuena

    Transfer Agent

confirm to continue

documents
additional resources
building policies

general policies

Pets Allowed
Permitted with permission
Guarantors Allowed
On a case by case basis
In Unit Washers/Dryers Allowed
$25,000 FEE WITH BOARD APPROVAL
Smoking Not Allowed
Subletting Allowed
Sublet Fee: 25% of Annual maintenance - paid with package Maximum term of 1 year allowed Shareholder must obtain approval in principle from Board before getting a subtenant - (Extreme Hardship only)
Short Term Rentals Not Allowed
AirBnB Not Allowed
Pied-a-terre Allowed
Secondary Residence Allowed
Co-Purchasing Allowed
Parents Buying for Employed Child(ren) Allowed
On a case by case basis
Parents Buying for Student Child(ren) Allowed
On a case by case basis
Corporate Purchase/Lease Allowed
Diplomat Purchase/Lease Not Allowed

financing policies

Max Financing as %
70% of purchase price

additional building information

Subletting: Sublet Fee: 25% of Annual maintenance - paid with packageMaximum term of 1 year allowedShareholder must obtain approval in principle from Board before getting a subtenant - (Extreme Hardship only)

Flip Tax: 2% of Purchase Price paid by the Purchaser

Purchase as a trust is reviewed on a case by case basis
Transfer to Trust is reviewed on a case by case basis
health and safety policies

guest policies

apartment showing policies

Viewing Board Minutes Online
Virtual Board Interviews
amenities

special amenities

Video Surveillance
Basement/Storage Unit on Site
Fitness Center
Bike Storage

outdoor spaces

Courtyard

on site services

Doorman

pets

Pets OK, Upon Approval

building type

Co-Op
building & management fees

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 Fee (Non-Refundable) Submission $65
Buyer Move In Deposit (Refundable) Submission $1,000
Seller Move-Out Deposit (Refundable) Submission $1,000
Buyer Flip Tax (Non-Refundable, (Required)) Closing $__ Equal to 2% of purchase price
Buyer Recognition Agreement Fee (If Financing) (Non-Refundable) Closing $300 (if applicable)
Seller Managing Agent's Fee (Non-Refundable) Closing $900 (Seller is an Individual) or $1000 (Seller is an Estate)
Seller New York State Stamp Tax (Non-Refundable, (Required)) Closing $.05/share

co-op sublet

payor fee due upon amount
Shareholder Sublet Fee Submission 25% of annual maintenance
Subtenant Application Processing Fee (Non-Refundable, Required) Submission $550
Subtenant Bedbug Disclosure Form Fee Submission $25

less refinance

payor fee due upon amount
Buyer Application Processing Fee (Non-Refundable, Required) Submission $400
Buyer Messenger Fee (Non-Refundable) Submission $35

more refinance

payor fee due upon amount
Buyer Application Processing Fee (Non-Refundable, Required) Submission $500
Buyer Messenger Fee (Non-Refundable) Submission $35
processing

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.
10/20/25
Total Fees: 295