Typical Requirements for a Co-op Buy in NYC

​

Typical co-op buyer's requirements in NYC includes:

• 20% down

• A debt-to-income ratio no higher than 35%

• 1 - 2 years of post-closing liquidity

​​

Co-ops in NYC have famously strict financial requirements. These could  include a large percentage down, a minimum debt-to-income ratio and post-closing liquidity requirement for applicants.. However, the financial requirements varies by building, a conservative estimate for a NYC co-op’s financial requirements is as follows: 20% down, 25% debt-to-income ratio and at least one to two years of post-closing liquidity.