Co-op And Condominium Properties

Attorney Olga Berdé Mahl is a specialist in co-op and condo acquisitions, sales, financing and assessment of the underlying issues and financial risks in each of these forms of ownership.

Co-ops: Owning a cooperative apartment is different from buying a house. You need a lawyer who understands the complexities of co-op and condo ownership. Attorney Olga Berdé Mahl knows how to read their financial statements and what to look for to let you know after due diligence the likelihood of an increase in your monthly maintenance (rent). She knows how to advise you on the strength of your investment in the ownership corporation. You are not an owner, but a tenant in a building owned by a corporation run by its board of directors. There are many rules and regulations and risks involved in owning a cooperative apartment or loft, as there are in owning a condominium.

Olga Berdé Mahl is an expert in finding out the details affecting your pocketbook and investment.

Dealing with co-ops requires specialized real estate knowledge and a seasoned attorney with experience. Olga Berdé Mahl is just such an attorney, keeping your interests always foremost in representing you.

Olga Berdé Mahl is a specialist in co-op and condo creation and representation, having converted over 150 buildings to residential co-op and condo ownership during her career as an expert real estate attorney. She is in your corner, assuring that you get the most on a sale and the best and most secure property on your purchase.

Condominiums: Condos are more like owning your own home. You pay your own real estate taxes, but also like in a co-op, you are responsible for monthly maintenance upkeep costs for the operation of the building, which is governed by a board of managers (similar to a board of directors, but with different powers). If the building requires major capital improvements, you may be assessed a special charge (which can be substantial) to pay for such improvements and repairs.

You may not be able to sublet your condo to whomever you wish, as most modern condo regulations require a review by the board of managers.

The board also has the right to review all the details of a prospective buyer, but cannot turn down the buyer unless the condo purchases the unit at the same contract price.

Olga Berdé Mahl is a real estate attorney who can protect your interests and help you get the financing you may need to purchase or provide you with assistance to find tax protection on your sale.

Olga Berdé Mahl closes co-op and condo transactions in Manhattan, the Bronx, Queens, Brooklyn, Nassau County, Westchester County, Suffolk County and New Jersey and throughout the United States.