How much can I sell for? When can I sell?
Limited Equity co-ops have income restrictions and affordability guidelines. Owners, upon resale, typically get back the initial purchase price and may also get a small additional profit. Many re-sales are subject to a “flip tax”, or a profit split between you and the co-op whenever you sell. If your co-op is getting financing, a loan, a tax reduction or other assistance from your municipality or your state, it may also have a Regulatory Agreement for the term of that benefit or loan. If there is a Regulatory Agreement, it may contain a resale chart which sets out the specific resale price during the length the Agreement prevails.