Forest Hills Co-ops Interest Buyers in Queens

Forest Hills Co-ops Interest Buyers in Queens

Many home-seekers believe that renting is how it’s done in Forest Hills. As housing prices climb, renting is a more affordable way to live in this coveted neighborhood. If you keep an open mind, you’ll see that renting isn’t necessarily the only way to go. Let’s talk about Forest Hills co-ops, an ever-popular but often misunderstood way to score a piece of real estate in Queens.

Co-op Characteristics

As a co-op resident, you don’t actually own your unit. Sound strange? Stay with us, because this is where most people get lost! The co-op acts as a corporation, and residents are shareholders. In other words, rather than owning your unit outright, you own shares of the larger corporation.

What else do you need to know about Forest Hills co-ops? Here is a short list of characteristics that make co-ops stand out from other types of housing:

  • Co-op purchases require a special type of loan. On the surface, a co-op loan looks similar to a mortgage, however, it might require a higher down payment.
  • Maintenance is generally provided in larger co-ops. Residents of smaller co-ops might need to put in some grunt work to accomplish these tasks.
  • Speaking of maintenance, co-op residents pay a monthly maintenance fee that varies widely. Crunch the numbers carefully to ensure that you are interested in a unit that you can afford.
  • Landing a co-op unit can be tricky. While co-ops must follow fair housing laws, they tend to be more restrictive than traditional rentals or home purchases.

Prominent Features in Forest Hills Co-ops

When you think of a co-op in New York City, do you picture a traditional apartment-style building? If so, you are partially correct. Co-ops are also found in these styles:

  • Mid-rise and high-rise apartments.
  • Townhomes.
  • Student, senior and special-needs housing.

As you stroll the streets of Forest Hills, take note of the stately, pre-war residential buildings that surround. You might find your next co-op residence within one of these iconic structures!

Explore options for co-op living with Forest Hills Realty today to determine if this type of housing is right for you!

Call us today at (718) 997-6000 or email us here.

Forest Hills Homes for Sale

Forest Hills Homes for Sale: Inventory Increases Throughout the Neighborhood

It’s an exciting time for New York City buyers who are on the hunt for Forest Hills homes for sale. Read More

Commuting in Forest Hills

Historic Forest Hills is only 20 minutes by subway train from Manhattan, and the idyllic enclave of Forest Hills Gardens has remained something of a hidden gem in Queens.Read More

Forest Hills Community Points of Interest

Forest Hills is bordered by two of the largest parks in Queens managed by the New York City Department of Parks and Recreation: Read More

Forest Hills Community

Forest Hills is a mostly residential neighborhood in the central portion of the borough of Queens in New York City. The north, east, and south boundaries are the Long Island Expressway (LIE), Grand Central Parkway, and Union Turnpike, respectively. Read More

A Historic English Tudor Home Comes to Market in Forest Hills

A Historic English Tudor Home Comes to Market in Forest Hills

The Queens, NY community of Forest Hills enjoys the distinction of featuring many properties listed on the National Register of Historic Places. Recently one of those exclusive, historic properties has come to the real estate market for sale. Read More

Forest Hills Women Entrepreneurs Create Family-Focused Small Businesses

Forest Hills Women Entrepreneurs Create Family-Focused Small Businesses

While many neighborhoods in NYC continue to lose longtime mom-and-pop businesses due to rising commercial rents, a diverse group of 12 local women is putting the small business concept focused on children and their families back on the map.Read More

Local Queens Based Groups Awarded 19 Million for the 2020 Census Participation

Local Queens Based Groups Awarded 19 Million for the 2020 Census Participation

Local Queens-based community organizations, including those based in Forest Hills and the neighboring communities of Rego Park, Kew Gardens Hills and Jamaica, will receive funding from a new $19 million community awards program focused on census-related education and organizing.Read More

Commercial Real Estate Loans

What You Need to Know About Securing a Commercial Real Estate Loan

So you’re an aspiring business owner looking to finance a brick and mortar location for your new business. Or maybe you’re currently a business owner who wants to renovate or expand an existing business.Read More


People who are seeking Forest Hills sponsor apartments will find a wide selection of ones that are available. Although some may consider sponsor apartments to be limited in terms of variety, the truth is that there are numerous apartments that are perfect for individuals, couples and families.Read More