Email from the Co-op Board President
Good news: the co-op board favors combining apartments: “We feel it enhances the value of the building as a whole while at the same time allows owners to continue to live here when their need for living space grows.”
The process works out like this:
Basically, buy the neighboring apartment as usual, and afterwards, work on combining them. This seems to go against what the bank says it needs, which are architectural plans and co-op board approval before the financial package. I’ll have to get back to the bank to hash this out.
In any case, the next step is to get the contract signed. My aunt/real estate attorney sent email yesterday saying that the seller’s attorney has gotten in touch with her. Hopefully, this will be taken care of in the next week or two.