150 West 87th Owners Corp.

150 West 87th Street

New York, NY 10025
Co-op
About
150 West 87th Street is an 40 unit pre-war cooperative with only 4 apartments per floor. The building is located on the Upper West side.
Applications
Property Contacts

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Documents

Additional Services

BoardPackager Services are administered exclusively by BoardPackager. All services are separate from those provided by Property Management Companies to their clients. All BoardPackager services are provided with full knowledge and cooporation with Property Management, but without Property Management supervision. Any fees associated with services offered are BoardPackager fees.
Building Policies

General Policies

Subletting Allowed
Shareholders must reside in apartment for a minimum of two (2) years before requesting to sublet. Shareholders generally may sublet their apartments to "third party tenants" for up to five (5) years. Shareholders who have lived in the building more than ten (10) years may sublet for up to seven (7) years. Extensions are at the discretion of the Board. In all cases, a sublet for a term of less than one year requires a waiver from the Board. A series of sublets for terms of less than one year is not permitted.

Financing Policies

Max Financing as %
80% of purchase price

Additional Building Information

  • For Refinancing, Maximum Financing Permitted: 80% of appraised value.

  • Open House:
    • All guests/visitors of the open house must be escorted by a licensed real estate professional or the Unit Owner when on the premises.
    • It is REQUIRED TO SUBMIT Open House Request Form found down below.
Important Information Regarding Questionnaire Payment: Due to restrictions with the coronavirus we currently are not accepting checks for questionnaires. Only form of payment is by credit card(option 1 on questionnaire instruction sheet).

Amenities

Special Amenities

Laundry Room
Elevator
Bike Storage
Video Surveillance

On Site Services

Live-in Super
24 Hour Security
Doorman

Utilities

Verizon Fios

Pets

Pets OK, Upon Approval
Building & Management Fees

Co-Op Sale

Payor Building Fees Amount Due Upon
Buyer Background check fee to purchase the shares of 150 West 87th Owners Corp. $50 per person Submission
Buyer Management Processing fee to purchase the shares of 150 West 87th Owners Corp. $500 Submission
Buyer Move-In Deposit $500 Submission
Buyer Move-In Fee $500 Submission
Seller Move-out Deposit $500 Submission
Seller Move-out Fee $500 Submission
Buyer Other Fees Download "Closing Fees" Document Closing
Seller Other Fees Download "Closing Fees" Document Closing

Co-Op Sublet

Payor Building Fees Amount Due Upon
Shareholder Move-out Deposit $500 Submission
Shareholder Move-out Fee $500 Submission
Shareholder Sublet Fee 20% of maintenance - billed monthly Submission
Subtenant Co-op Processing Fee $125 Submission
Subtenant Consumer Credit Report Fee $50 per Person Submission
Subtenant Management Administration Fee $250 Submission
Subtenant Move-in Deposit $500 Submission
Subtenant Move-in Fee $500 Submission

Less Refinance

Payor Building Fees Amount Due Upon
Shareholder (Same or Less) Refinance Application Processing Fee $450 Submission

More Refinance

Payor Building Fees Amount Due Upon
Shareholder Consumer Credit Report Fee (if applicable) $50 per person Submission
Shareholder Financing/Refinance/Home Equity Application Processing Fee $450 Submission
Processing

Single Application Initiation Fee

One-time fee paid by the person who begins the application

Payor Type Amount Due Upon
Agent /
Attorney
Applicant
Current Resident
Sale/Lease
Sale/Lease
Refinance/Renewal
$50
$100
Free
Initiation
Initiation
N/A
Application Participants Any Free N/A

Digital Submission Fee

Payor Type Amount Due Upon
Applicant Purchase
Lease/Sublet
Renewal
$45 Submission
Shareholder Refinance $45 Submission

App Admin Fee

Payor Amount Due Upon
Any Participant Paying Building Fees 5% of Total
(excluding Digital Submission & Initiation Fees)
Submission
Property Management

Property managed by:

All building information and documentation provided by property management.
04/27/21
Total Fees: 250
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