108 East 86th Street just off Park Avenue was built in 1924 and converted to co-operative in 1980. Displayed on a wall near the elevator in the buildings lobby, a framed copy of the original advertisement from 1924 announces apartment sales for simplexes of 5-6 rooms on floors 2-6 and larger duplexes on the floors above. Over the years, the duplexes were eliminated and turned into simplexes, the last in 1971. Original floor plans from the period show sewing rooms as well as fireplaces in the master bedrooms which no longer exist. Today, this intimate co-op with full service doorman and resident super has 28 apartments on 15 floors.
Suzanne Sealy
Douglas Elliman
Licensed Associate Real Estate Broker
212.891.7619
ssealy@elliman.com
About: https://suzannesealy.elliman.com/about
108 East 86th Street
New York, NY 10028
Co-op
Applications
Purchase Application - 108 East 86th Street (G)
Sublease Application - 108 East 86th Street (G)
Refinance Application: refinancing for a principal amount less than or up to your current outstanding principal - 108 East 86th Street
Refinance Application: refinancing for a principal amount greater than your current outstanding principal - 108 East 86th Street
Property Contacts
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Questionnaires
Have a bank questionnaire completed by property management.
Offering Plan
| Offering Plan - 108 East 86th Street.pdf | $150.00 | 07/10/19 |
By-Laws
| By-Laws - 108 East 86th Street.pdf | $50.00 | 10/02/18 |
Building Financials
| 2019 Financial Statement - 108 East 86th Street | $50.00 | 07/13/20 |
Building Proprietary Lease
| Proprietary Lease - 108 East 86th Street.pdf | $50.00 | 07/10/19 |
Building Financials
| 2018 Financial Statement - 108 East 86th Street.pdf | $50.00 | 07/10/19 |
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.
General Policies
| Subletting Allowed | Subleasing is discouraged. Any shareholder wishing to sublease must request approval in principle to sublet apartment. Permission to sublet must be granted by the Board of Directors before the Subtenant submits an application. A sublease fee of 10% of monthly rent OR 10% of monthly maintenance, whichever is greater, will be billed on the Shareholder's monthly maintenance statement for the duration of the sublease. Shareholders may sublet for a maximum of one (1) year in a 10 year period. |
Financing Policies
| Max Financing Allowed as % | 75% of purchase price |
Co-Op Sale
| Payor | Building Fees | Amount | Due Upon |
|---|---|---|---|
| Buyer | Credit Report Fee | $175 | Submission |
| Buyer | Financing Fee | $300 | Submission |
| Buyer | Move In Deposit | $500 | Submission |
| Buyer | Processing Fee | $500 | Submission |
| Seller | Lead Based Paint Disclosure Fee | $75 | Submission |
| Seller | Move Out Deposit | $500 | Submission |
| Seller | Closing Fee | $700 ($750 without a Broker) | Closing |
| Seller | Flip Tax | 2% of the gross purchase price | Closing |
Co-Op Sublet
| Payor | Building Fees | Amount | Due Upon |
|---|---|---|---|
| Shareholder | Lead Based Paint Disclosure Fee | $75 | Submission |
| Shareholder | Move Out Deposit | $500 | Submission |
| Subtenant | Application Fee | $500 | Submission |
| Subtenant | Credit Report/Background Search Fee | $175 per applicant | Submission |
| Subtenant | Move In Deposit | $500 | Submission |
Less Refinance
| Payor | Building Fees | Amount | Due Upon |
|---|---|---|---|
| Shareholder | Processing Fee | $400 | Submission |
More Refinance
| Payor | Building Fees | Amount | Due Upon |
|---|---|---|---|
| Shareholder | Processing Fee | $400 | Submission |
Single Application Initiation Fee
One-time fee paid by the person who begins the application
| Payor | Fees | Amount | Due Upon |
|---|---|---|---|
| Application Initiator |
If Agent or Attorney If Applicant or Owner |
$50 $100 |
Initiation |
| Application Participants | Any | Free | N/A |
Digital Submission Fee
| Payor | Type | Amount | Due Upon |
|---|---|---|---|
| Applicant | Purchase Lease/Sublet Renewal |
$45 | Complimentary |
| Shareholder | Refinance | $45 | Complimentary |
Card Processing Fee
| Payor | Fees | Amount | Due Upon |
|---|---|---|---|
| Any Participant Paying Building Fees | Card Processing |
5% of Total (excluding Digital Submission & Initiation Fees) |
Submission |
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Property Management
Property managed by:
All building information and documentation provided by property management.
All building information and documentation provided by property management.
07/13/20