221 East 50th Street Owners, Inc.
221 East 50th Street
New York, NY 10022
co-op
About
This section will be completed as more data becomes available.
applications
property contacts
confirm to continue
questionnaires
Have a questionnaire completed by property management.
general policies
Pets Not Allowed
Guarantors Allowed
Handled case by case. Guarantors are required to submit a copy of the application
In Unit Washers/Dryers Not Allowed
Smoking Not Allowed
Short Term Rentals Not Allowed
AirBnB Not Allowed
Pied-a-terre Allowed
Handled case by case
Secondary Residence Not Allowed
Co-Purchasing Allowed
Handled case by case
Corporate Purchase/Lease Not Allowed
Diplomat Purchase/Lease Not Allowed
Post Closing Liquidity Not Required
financing policies
Max Financing as %
80% of purchase price
insurance requirements
Homeowner's Insurance Required
Shareholder must reside in bldg. for 2 years prior to subletting. 2 years max allowed. Shareholder must reside in apartment for another 2 years to be eligible to sublease again. Each year subject to board approval.
Renter's Insurance Required
common area protocol
Staff Wears Masks
Staff Wears Gloves
Regularly Scheduled Cleaning and Disinfecting
Hand Sanitizer Available Throughout Building
Delivery Personnel Access Limited to Lobby
Move-in and Move-out Sanitizing
Social Distancing Protocol in Place
guest policies
Guests Must Wear Masks in Common Areas
apartment showing policies
Virtual Board Interviews
other
Apartments to show apartments must be made with the building staff.
special amenities
Elevator
outdoor spaces
Backyard
utilities
Spectrum Service
building type
Built 1956
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 | $525 |
| Buyer | Credit Check Fee (Non-Refundable) | Submission | $125 per applicant |
| Buyer | Move-In Deposit (Refundable) | Submission | $250 |
| Seller | Move-Out Deposit (Refundable) | Submission | $250 |
| Seller | Flip Tax | Closing | $10 per share |
co-op sublet
| payor | fee | due upon | amount |
|---|---|---|---|
| Shareholder | Move-Out Deposit (Refundable) | Submission | $250 |
| Subtenant | Application Processing Fee (Non-Refundable) | Submission | $525 |
| Subtenant | Credit Check Fee (Non-Refundable) | Submission | $125 per applicant |
| Subtenant | Move-In Deposit (Refundable) | Submission | $250 |
| Shareholder | Sublease Fee (Non-Refundable) | Upon Approval | $__ equal to two month's maintenance |
refinance
| payor | fee | due upon | amount |
|---|---|---|---|
| Shareholder | Application Processing Fee (Non-Refundable) | Submission | $325 |
| Shareholder | Credit Check Fee (Non-Refundable) | Submission | $125 per applicant |
| Shareholder | Recognition Agreement Fee | Upon Approval | $400 |
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