You Are Not Buying an Apartment. You Are Buying Shares in a Corporation.

In Manhattan, a co-op purchase is not a real estate transaction.

It is an application for membership in a corporation — one with its own financial requirements, board approval process, and rules that govern everything from subletting to renovation.

Most buyers learn this after they fall in love with a unit.

Here is what matters before you make an offer:

The building's underlying mortgage. The board's financial health. Flip tax structure. Sublet policy. The board package requirements for this specific building.

A unit that looks identical to the condo next door may carry restrictions that alter the investment profile entirely.

Home Path Realty walks buyers through co-op structure before the search begins — not after an offer is signed.

Understanding what you are buying is not optional.