118 East 60th Owners, Inc.
118 East 60th Street
New York, NY 10022
Co-op
About
118 East 60th Street is located in Lenox Hill, Manhattan. The building was built in 1963 and has 234 units and 33 stories.
Applications
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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.
Financing Policies
Max Financing as %
75% of purchase price
Additional Building Information
At no time may there be financing totaling more than 75% of the appraised value of the Apartment. lnterest Only Loans will only be considered for no more than 50% of the appraised value of the apartment.
Co-Op Sale
| Payor | Building Fees | Amount | Due Upon |
|---|---|---|---|
| Buyer | Application Processing Fee | $450 | Submission |
| Buyer | Credit Report Fee | $200 per applicant | Submission |
| Buyer | Move In Deposit | $1,500 | Submission |
| Buyer | Move In Fee | $1,000 | Submission |
| Seller | Move Out Deposit | $1,500 | Submission |
| Seller | Move Out Fee | $1,000 | Submission |
| Buyer | Administrative Fee | $500 | Closing |
| Buyer | Disbursements (messenger fees, copying, etc.) | TBD | Closing |
| Buyer | Document Facilitation Fee (if applicable - if lending bank requires funding approval at the closing) | $150 | Closing |
| Buyer | Financing Fee (if financing) | $150 | Closing |
| Buyer | Recognition Agreement Fee (if financing) | $250 | Closing |
| Seller | Administrative Fee | $500 | Closing |
| Seller | Disbursements (messenger fees, copying, etc.) | TBD | Closing |
| Seller | Transfer Fee | $700 for cash deals, $750 for financing per apartment | Closing |
Co-Op Sublet
| Payor | Building Fees | Amount | Due Upon |
|---|---|---|---|
| Shareholder | Move Out Deposit | $1,500 | Submission |
| Shareholder | Move Out Fee | $1,000 | Submission |
| Subtenant | Credit/Background Report Fee | $200 per applicant | Submission |
| Subtenant | Move In Deposit | $1,500 | Submission |
| Subtenant | Move In Fee | $1,000 | Submission |
| Subtenant | Processing Fee | $450 | Submission |
Less Refinance
| Payor | Building Fees | Amount | Due Upon |
|---|---|---|---|
| Shareholder | Processing Fee | $450 | Submission |
More Refinance
| Payor | Building Fees | Amount | Due Upon |
|---|---|---|---|
| Shareholder | Processing Fee | $450 | Submission |
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 |
If you are a real estate agent affiliated with one our enterprise brokerage clients, starting an application is covered by your brokerage.
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 |
For more detailed information, please see our Pricing page.
Property Management
Property managed by:
All building information and documentation provided by property management.
All building information and documentation provided by property management.
04/14/21