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Manhattan Loft Guy

Manhattan Loft Guy

Blog by Sandy Mattingly

New York, New York

on matters of interest to Manhattan coop or condo loft apartment dwellers, buyers, sellers, and others, especially about New York City real estate

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Manhattan Loft Guy

power of a coop board to reject a deal as "too low"??

Jun. 19, 2009

Categorized in: Manhattan real estate business

Tagged with: 1980s, 1992, applications, coop boards, fiduciary, market price, value

It touches on the (undeniable) power of coop boards to approve or reject purchase applications, but in the specific context of whether the coop board can or should decide based on the contract price. This is one of those back-in-the-day topics, where Manh

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