21 East 79th Street Corporation

21 East 79th Street

New York, NY 10075
co-op
About
Max financing 50%.

Subletting not permitted.

Flip Tax paid by either buyer or seller: 2% of purchase price if owned 4 years of more, 3% of purchase price if owned more than 3 years but less than 4 years, 4% of purchase price if owned more than 2 years, but less than 3 years, 5% of purchase price if owned for 2 years of less.

Purchase as a Trust and Transfers in to a Trust is considered upon Corp. Counsel Review.
applications

property contacts

confirm to continue

documents

additional resources

building policies

general policies

Pets Allowed
Guarantors Not Allowed
In Unit Washers/Dryers Allowed
Smoking Not Allowed
Subletting Not Allowed
Short Term Rentals Not Allowed
AirBnB Not Allowed
Pied-a-terre Allowed
Secondary Residence Allowed
Co-Purchasing Allowed
Parents Buying for Employed Child(ren) Not Allowed
Parents Buying for Student Child(ren) Not Allowed
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
Renter's Insurance Not Required
health and safety policies

guest policies

apartment showing policies

Virtual Board Interviews
amenities

on site services

Doorman

building type

Co-Op
Pre War
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 Flip Tax (Non-Refundable, (Required)) Closing $__ equal to 2% of the purchase price if owned 4 years or more; 3% if owned more than 3 years but less than 4 years; 4% if owned more than 2 years but less than 3 years; 5% if owned for 2 years or less.
Buyer Recognition Agreement Fee (If Financing) (Non-Refundable) Closing $300 (if applicable)
Shareholder Flip Tax (Non-Refundable, (Required)) Closing $__ equal to 2% of the purchase price if owned 4 years or more; 3% if owned more than 3 years but less than 4 years; 4% if owned more than 2 years but less than 3 years; 5% if owned for 2 years or less.
Shareholder Managing Agent's Fee (Non-Refundable) Closing $900 (Seller is an Individual) or $1000 (Seller is an Estate)
Shareholder New York State Stamp Tax (Non-Refundable, (Required)) Closing $0.05 per share.
Buyer Fidelifacts Credit Report (Non-Refundable) Submission $871.00 per Applicant/Occupant, $1,633.13 if there are two (2) Applicants/Occupants
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

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)
All property information and documentation provided by property management.
02/28/25
Total Fees: 31