Having lived in her building for more than a decade in blissful ignorance of how it was run, Shapiro awoke one morning to discover that her building was going co-op and she intended to buy. Intent on protecting her investment, she took on the mantle of board president and set about figuring out how the system worked. Seven years and many trials by fire later, Shapiro presents her hard-earned knowledge in this neat little tome. Apartment dwellers will come to swear by it.
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That said, if you are interested in buying an apartment in New York City, this book is indispensible. It covers every step of the process from the abstract decision to purchase (condo, coop, or "condop") to issues that arise after you're already in your New York City dream home, with sage advice, humor, and insider tips (the author is/was an attorney and coop board president in Manhattan). Also the book is easy to read, easy to skip around in to find the information you need, and full of detailed advice on securing your dream home.
The only caution I have is that, if you are buying, this book may cause you unnecessary worry. Ms. Shapiro lays out all the possible snags and offers solutions. My experience - I bought a coop in Manhattan recently - is that the process was not as dotted with landmines I had feared (the board didn't interview my cat, for instance, although evidently some boards make an attempt). My guess is that if you're in the market for a multi-million dollar home, if you are planning buying several apartments and knocking out walls to create a jumbo pallazo, etc., you should definitely take every page and study it thoroughly. If you are middle-class (by NYC standards) and are perhaps more in the market for Murray Hill than Park Avenue, it's likely that your experience will be easier than many described in this book, so you can reasonably hope that most of these things won't happen to you. But knowing the worst that can happen and marshalling all your potential remedies before it does is extremely stress-relieving (you heard me right), and this book will help anyone with that.
It does contain a lot of practical advice & finally explained to me how Co-op boards work in a clear, understandable (& honest!) way.
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