What If a Co-op Doesn't Have Any On-Site Staff?

Aug. 17, 2015 — What does it say about a co-op if it doesn't have any on-site staff?

Not having a staff at a building is not a reflection of an inferior property, and in some ways can be a bonus because of the great savings in operating expenses on a daily basis. Having an on-site staff does not indicate anything more than greater expenses.

Your management company will have someone address everyday basics and be able to offer services similar to a full-service building. Many of the properties we manage in Soho, Tribeca, and throughout the city have no issue not having a staff on-site and are achieving comparable sales prices to buildings with full on-site staff.

Paul T. Brensilber is president of Jordan Cooper.