217 East 5th Street Corp. and Condominium
217 East 5th Street
New York, NY 10003
cond-op
About
217 East 5th Street is located in East Village, Manhattan. The building was built in 1900 and has 10 units and 5 stories. There is no Flip Tax. Not more than 4 Apts. at any given time can sublet due to building mortgage bank resctrictions. Shares must be owned for (1) one year.
applications
property contacts
confirm to continue
fiscal requirements
Additional Criteria
Max % of Purchase Price Financed: 80%
general policies
In Unit Washers/Dryers Not Allowed
Subletting Allowed
Must own Shares for (1) one year.
Short Term Rentals Not Allowed
AirBnB Not Allowed
Pied-a-terre Not Allowed
Secondary Residence Not Allowed
Co-Purchasing Allowed
Parents Buying for Employed Child(ren) Allowed
Parents Buying for Student Child(ren) Not Allowed
Corporate Purchase/Lease Not Allowed
insurance requirements
Homeowner's Insurance Required
Renter's Insurance Required
additional building information
- Financing Terms: Maximum Financing is 80% LTV
- Trusts and LLC cannot purchase shares.
- Subletting allowed after (1) one year of owning the shares.
- Not more than 4 Apts. at any given time can sublet. Shares must be owned for (1) one year.
- Pets allowed with Board interview and approval.
PLEASE BE SURE TO CONSIDER THE REVIEW TIME NEEDED BY MANAGEMENT AND THE BOARD WHEN SUBMITTING AN APPLICATION AND CHOOSING A LEASE TERM.
APPLICATIONS ARE REVIEWED IN ORDER OF RECEIPT AND NOT BASED ON THE LEASE BEGIN DATE OR DESIRED CLOSING DATE.
Note: It is no longer necessary to submit a hard copy of the application to management.
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 | $475 |
| Buyer | Credit Report Fee (Non-Refundable) | Submission | $125 per applicant |
| Buyer | Move-In Deposit (Refundable) | Submission | $1,000 |
| Shareholder | Move-Out Deposit (Refundable) | Submission | $1,000 |
| Buyer | Disbursement Fee (Non-Refundable) | Closing | TBD, including messenger fees |
| Buyer | Document Facilitation Fee (if applicable) | Closing | $175, if lending bank requires funding approval at the closing |
| Buyer | Recognition Agreement Fee (If Financing) (Non-Refundable) | Closing | $275 per loan (if applicable) |
| Shareholder | Disbursement Fee (Non-Refundable) | Closing | TBD, including messenger fees |
| Shareholder | Transfer Fee (Non-Refundable) | Closing | $725 for cash deals; $775 for financing per stock certificate |
co-op sublet
| payor | fee | due upon | amount |
|---|---|---|---|
| Shareholder | Move Out Deposit (Refundable) | Submission | $500 |
| Subtenant | Application Processing Fee (Non-Refundable) | Submission | $475 |
| Subtenant | Credit Report Fee (Non-Refundable, Required) | Submission | $125 per applicant |
| Subtenant | Move In Deposit (Refundable) | Submission | $500 |
less refinance
| payor | fee | due upon | amount |
|---|---|---|---|
| Shareholder | Less Refinance | Submission | $500 |
more refinance
| payor | fee | due upon | amount |
|---|---|---|---|
| Shareholder | More | Submission | $500 |
lease renewal
| payor | fee | due upon | amount |
|---|---|---|---|
| Tenant | Application Processing Fee (Non-Refundable) | Submission | $125 |
sublet renewal
| payor | fee | due upon | amount |
|---|---|---|---|
| Subtenant | Application Processing Fee (Non-Refundable) | Submission | $125 |
condo transfer
| payor | fee | due upon | amount |
|---|---|---|---|
| Buyer | Condo Transfer Fee (non-refundable) | Submission | $275 |
co-op transfer
| payor | fee | due upon | amount |
|---|---|---|---|
| Buyer | Application Processing Fee (Non-Refundable) | Submission | $450 |
| Buyer | Credit Check Fee (Non-Refundable) | Submission | $200 per applicant |
| Buyer | Closing Fee | Closing | $700 |
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.
09/16/25