Co-op Board’s Sharp Flip Tax Increase Raises Legal Questions (NY)

/ Owner - December 21, 2024

Some call it a transfer fee. Others call it a flip tax. Regardless of the label, it’s a percentage of an apartment’s sale price that goes into a co-op’s coffers. It’s a tool that’s beloved by many co-op boards struggling to balance their budgets, but often loathed by apartment sellers.    Read the article…………………………….

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