Reply to Buying in Manhattan--what's the scoop?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Many co-ops are not interested in buyers who aren't living in their unit and will reject people who are looking for a pied-a-terre and will impose restrictions on renting out or similar (no airb&B etc).

A friend of mine just bought a place with her partner (while married to someone else) and she literally had to face the inquisition as well as providing very detailed private financial information - more than would be expected by a mortgage broker.[/quote]

I would think a unit that's only occasionally inhabited, and not rented out, would be desirable?  Less noise, less wear and tear on things like elevator or whatever.  What's the rationale?[/quote]

You would need to ask a co-op board. 
What I do know is plain common sense however - if a unit is empty its more likely get mice and rats and other vermin, its just a fact. Also any leaks or other systemic problems are more likely to be overlooked and get worse - and end up damaging adjacent units / units below.

Having lived in apts for years myself I've also witnessed attempted break-ins of empty units.[/quote]

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