Quaker Ridge
201 East 21st Street
New York, NY 10010
co-op
About
Sponsor units managed by GoodRock Realty and are rented out without board approval.
The Quaker Ridge, located at the crossroads of Gramercy on the northeast corner of Third Avenue and 21st Street, is a post-war Co-op comprised of studios, one bedrooms, two bedrooms and three bedrooms. Built in 1963, and converted to Co-op in 1982, 201 East 21st Street has a full-time doorman & porter, a live-in super, a modern laundry room, is wheelchair accessible, and has direct access to a parking garage. With 263 total apartments, the Quaker Ridge allows for a maximum of 75% financing, is financially sound, and is managed by AKAM Associates.
Description provided by Carl A. Ekroth
applications
property contacts
confirm to continue
questionnaires
Have a questionnaire completed by property management.
general policies
Guarantors Not Allowed
Subletting Allowed
Shareholders must reside in their apartment for at least two (2) years before being allowed to sublet. Only subleases for a term of one year will be considered. The sublease agreement may include an option to renew for an additional year, subject to approval by the Board. Shareholders may request to sublet their apartment for a total of two (2) years out of every ten (10) years.
Pied-a-terre Not Allowed
financing policies
Max Financing as %
75% of purchase price
additional building information
Building facts
Architect:
Philip Birnbaum
Manager: AKAM Associates
Notes:
http://www.akam.com
Purchasers and all additional occupants must be present for in person interviews.
Purchasers and all additional occupants must be present for in person interviews.
- DTI - 25% Maximum, very strict
- Sublet Policy: Shareholders must reside in their apartment for at least two (2) years before being allowed to sublet. Only subleases for a term of one year will be considered. The sublease agreement may include an option to renew for an additional year, subject to approval by the Board. Shareholders may request to sublet their apartment for a total of two (2) years out of every ten (10) years.
- Guarantors: No. Parents can buy with adult working child. Gifting also allowed with proof. Gifting Allowed with proof of funds provided
- Financing: 75% of the purchase price may be financed. NO Interest Only Loans. (Prefer no ARM)
- Washer / dryer Not permitted
- Pets: ONLY SHAREHOLDERS
- Trust Purchases allowed: trust agreement must be reviewed by Co-Op Counsel - the retainer fee of $2500 payable to Mavrides, Moyal,
Packman, Sadkin, to review the trust agreement and prepare legal forms.
Fees set by and remitted to building and property management company.
co-op sale
| payor | fee | due upon | amount |
|---|---|---|---|
| Buyer | Additional Processing Fee (Non-Refundable) | Submission | $200 for any application that has more than one (1) Co-Applicant or more than one (1) Financial Statement Form |
| Buyer | Application Processing Fee (Non-Refundable, Required) | Submission | $725 |
| Buyer | Credit Check Fee (Non-Refundable, (Required)) | Submission | $150 per applicant |
| Buyer | Move In Deposit (Refundable) | Submission | $500 |
| Buyer | Move-In Fee (Non-Refundable) | Submission | $300 |
| Shareholder | Move Out Deposit (Refundable) | Submission | $500 |
| Shareholder | Move-Out Fee (Non-Refundable) | Submission | $300 |
| Buyer | Closing Fee (Non-Refundable) | Closing | $775 |
| Buyer | Power of Attorney Review Fee (Non-Refundable) (If Applicable) | Closing | $150 (if applicable) |
| Buyer | Recognition Agreement Fee (Non-Refundable) (If Financing) | Closing | $325 (if applicable) |
| Shareholder | Flip Tax (Non-Refundable, (Required)) | Closing | $___ equal to 2% of the contract sales price. |
| Shareholder | New York State Stamp Tax (Non-Refundable, (Required)) | Closing | $0.05 per share |
co-op sublet
| payor | fee | due upon | amount |
|---|---|---|---|
| Shareholder | Credit Check Fee (Non-Refundable, (Required)) PER APPLICANT | Submission | $150 |
| Shareholder | Processing Fee (non-refundable) | Submission | $575, additional $200 if there is more than one co-applicant or financial statement form. |
| Shareholder | Security Deposit | Submission | $_ Equal to One Month's maintenance |
| Shareholder | Sublet Fee | Submission | $_ Equal to 20% of the annual maintenance. |
| Subtenant | Move In Deposit (Refundable) | Submission | $500 |
| Subtenant | Move In Fee (Non-Refundable) | Submission | $300 |
| Subtenant | Move Out Deposit (Refundable) | Submission | $500 |
| Subtenant | Move Out Fee (Non-Refundable) | Submission | $300 |
less refinance
| payor | fee | due upon | amount |
|---|---|---|---|
| Buyer | Application Processing Fee (Non-Refundable, Required) | Submission | $400 |
more refinance
| payor | fee | due upon | amount |
|---|---|---|---|
| Buyer | Application Processing Fee (Non-Refundable, Required) | Submission | $500 |
| Buyer | Credit Check Fee (Non-Refundable, (Required)) | Submission | $150 per applicant/adult occupant |
sublet renewal
| payor | fee | due upon | amount |
|---|---|---|---|
| Landlord | Sublet Fee | Submission | $__ equal to 20% of the annual maintenance |
| Tenant | Application Processing Fee (Non-Refundable) | Submission | $225 |
co-op transfer
| payor | fee | due upon | amount |
|---|---|---|---|
| Shareholder | Application Processing Fee ( Non-Refundable ) | Submission | $800 |
| Shareholder | Credit Check Fee (Non-Refundable | Submission | $150 |
| Shareholder | NYS Transfer Stamps | Closing | $0.05 ( per Share) |
| Shareholder | Recognition Agreement Fee | Closing | $325 If Financing |
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.
10/27/25