How much in assets does the board require after down payment?
This varies from building to building, but in most cases, co-op boards do not make their requirements known to the public. Typically, the building is most concerned with the buyer’s ability to meet his monthly obligations without any problems. The more selective the co-op, the more stringent the requirements. Virtually every building will make sure that the buyer’s liquid assets are not totally tapped out by the purchase. Some of the more restrictive co-ops require that the buyer have as much as four times the monthly maintenance obligations in liquid assets after the closing.
