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in nys are coop apartments considered owning real estate?Apr 08, 2017

a neighbor filling out a form for assistance had this question on it, do you own real estate or have you owner real estate.
i know cooperatives are considered personal property like stocks and not real property , has ther been a change?

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Co-op ownership considered real estate - Steven424 Apr 08, 2017

First, I am not a lawyer. In this instance where someone is applying for assistance and many thousands of dollars may be at stake, I strongly urge you to tell your neighbor she/he needs to contact an attorney who specializes in the type of assistance they are applying for (disability, medicaid, SSI, etc).

Practically, it depends on who is asking the question and for what purpose. Here are some links that show how difficult it is to provide a one-size-fits-all answer:
https://nystax.custhelp.com/app/answers/detail/a_id/3470/~/are-co-ops-considered-real-property%3F
https://www.trulia.com/voices/Home_Buying/Is_buying_a_coop_apt_considered_as_a_real_estate_-56169
http://www.mcgrathesq.com/2014/08/18/coop-real-or-personal-property/

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> Join the conversation Comments (1)
thankyou - coop fire Apr 29, 2017

thank you you for the answer , i knew it was complicated., thanks for the links

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