FOREST HILLS SELLER GUIDE
Selling a Co-op in Forest Hills: Pricing, Board Approval and the Path to Closing
Quick Answer
Selling a co-op in Forest Hills, Queens means winning two approvals: the buyer’s and the co-op board’s. Price with a CMA built on recent sales in the same or similar buildings, collect the managing agent’s documents before listing, favor offers that meet the building’s financial rules, and budget for NYS and NYC transfer taxes plus any flip tax.
Selling a co-op in Forest Hills is a different project from selling a house. A buyer can love your apartment, agree to your price and sign a contract, and the sale can still stop if the co-op board does not approve that buyer. Because cooperatives make up most of the apartment buildings along Queens Boulevard and on the pre-war side streets near Austin Street, many Forest Hills sellers face this two-step reality.
This guide explains how to plan for it. You will learn how buyers compare co-ops here, how a comparative market analysis prices your unit, which documents to request from the managing agent before you list, how to read offers through the board’s eyes, what a seller pays at closing and how long each stage usually takes. A final section covers what changes if you are selling a condo, a house or a home in Forest Hills Gardens instead.
As a Licensed Associate Real Estate Broker serving Queens, I help owners prepare for both the market and the board, in English or Polish, whichever is more comfortable. When you are ready to talk about listing, the page on how to sell your home in Forest Hills with Agatha explains how we work together.
Forest Hills at a glance for sellers
| Topic | What it means for a seller |
|---|---|
| Location | Forest Hills, Queens (Queens County), New York City; ZIP code 11375 (confirm the ZIP code for the specific address with USPS) |
| Apartment stock | Post-war elevator co-ops along Queens Boulevard, pre-war co-ops near Austin Street and Station Square, a smaller number of condos |
| House stock | Single-family and attached houses in Forest Hills Gardens (private covenants and the Forest Hills Gardens Corporation), detached and attached houses in other pockets |
| Transit buyers ask about | Forest Hills–71 Av (E and F at all times; R except late nights; M on weekdays), 75 Av (F; E at some hours), 67 Av (R; M on weekdays); Long Island Rail Road Forest Hills station at Station Square |
| Nearby markets buyers compare | Rego Park, Kew Gardens, Middle Village, Briarwood |
| Transfer taxes | NYS real estate transfer tax and NYC Real Property Transfer Tax both apply, customarily paid by the seller |
| Key seller considerations | Board approval of the buyer, flip tax under the building’s documents, managing agent fees and timing, building rules on renovations and showings |
Why is selling a co-op in Forest Hills different from selling a house?
Selling a co-op in Forest Hills adds a second decision-maker: after you and the buyer sign a contract, the co-op board reviews the buyer’s application and can approve or reject the sale. You are transferring shares and a proprietary lease, not a deed, so the building’s own documents and the managing agent shape the process.
What you actually sell
A co-op owner holds shares in the corporation that owns the building, plus a proprietary lease that gives the right to occupy a specific apartment. When you sell, the shares and the lease are transferred to the buyer with the board’s consent. That is why the managing agent, the company that runs the building for the board, plays a central role: it issues the documents buyers need, receives the buyer’s board package and coordinates the closing, although the exact steps and fees vary by building.
Who controls the timeline
In a house sale, the seller, the buyer, the attorneys and the lender control most of the schedule. In a co-op sale, the board’s meeting calendar and the managing agent’s processing time are added. A seller who understands this early can plan a move, a purchase elsewhere or a rate lock without assuming a fixed closing date.
Why preparation pays off
Most delays in co-op sales come from missing paperwork, unclear building rules or a buyer who does not meet the building’s financial criteria. Each of these can be reduced before you list: by collecting documents, learning the board’s requirements and making them clear to buyers’ agents from the start.
How do buyers compare co-ops in Forest Hills?
Buyers compare Forest Hills co-ops on total monthly cost, building rules, building finances, walking distance to the subway or LIRR, and the apartment’s layout and condition. Two apartments of the same size can attract very different interest if one building allows washer-dryers and subletting and the other does not.
Pre-war vs. post-war buildings
Pre-war buildings near Austin Street, Station Square and the edges of Forest Hills Gardens attract buyers who value larger rooms and original details, but those buyers also ask about plumbing, wiring, windows and kitchen size. Post-war elevator buildings along Queens Boulevard attract buyers who value elevators, laundry rooms, possible garage access and proximity to the stations. Your marketing should speak to what your building’s buyers are comparing.
Maintenance and what it includes
Monthly maintenance covers the building’s operating costs and usually a share of its property taxes and underlying mortgage. Buyers compare maintenance against condo common charges plus property taxes, and against other co-ops. Know what your maintenance includes, such as heat, hot water, gas or electricity, and whether a Co-op and Condo Property Tax Abatement credit appears on your bill, because buyers will ask. The managing agent can confirm how the abatement appears on your statement.
Transit and location within the neighborhood
Buyers often start with walking distance to Forest Hills–71 Av, where the E and F stop at all times and run express except late nights, the R begins and ends its route except late nights, and the M does so on weekdays. Buildings near 75 Av (E, F) or 67 Av (M, R), or near the Long Island Rail Road station at Station Square, have their own commuter audiences. Describe walk times accurately rather than in vague terms.
Building rules and finances
Informed buyers and their attorneys look at sublet policies, pet rules, renovation restrictions, the building’s financial statements, the underlying mortgage, reserves, upcoming assessments and the building’s compliance with Local Law 11 facade inspections and Local Law 97 energy limits. You do not control these, but you can gather the answers so they do not surprise a buyer during attorney review.
Wondering how buyers will judge your building?
Let’s look at your apartment and your building’s rules side by side with the alternatives buyers are touring, before you decide on price or timing.
How should you price a co-op in Forest Hills?
Price a Forest Hills co-op with a comparative market analysis based on recent sales in the same building and in similar nearby buildings, then adjust for floor, exposure, layout, condition and monthly maintenance. A CMA is a broker’s professional opinion of value, not an appraisal and not a guarantee of a sale price.
Start with your own building
The most relevant comparable sales for a co-op are usually other units in the same building, ideally in the same line or with a similar layout, because they share the same maintenance structure, rules and finances. When there are few recent sales in your building, the CMA looks to similar buildings nearby: pre-war to pre-war, post-war elevator to post-war elevator, and Queens Boulevard to Queens Boulevard. For a broader explanation of how value is estimated across the borough, see what is my Queens home worth.
Factors that move a co-op’s value
| Factor | Why it matters to Forest Hills buyers | How the CMA treats it |
|---|---|---|
| Maintenance level | Higher maintenance reduces what a buyer can borrow and afford | Compare maintenance per share or per room against comparable units |
| Floor, exposure and views | Light and outlook differ sharply along Queens Boulevard | Adjust against units in the same line or similar position |
| Renovation and condition | Updated kitchens and baths reduce buyer work and board alteration approvals | Compare with renovated vs. original comparables; confirm past work was approved |
| Building policies | Sublet, pet and washer-dryer rules widen or narrow the buyer pool | Compare buildings with similar policies |
| Building finances | Pending assessments or a maturing underlying mortgage worry buyers | Factor known assessments into the net comparison |
| Down payment rule | Higher building minimums reduce the number of eligible buyers | Compare with buildings that have similar financing rules, confirmed with each managing agent |
| Station access | Walk time to 71 Av, 75 Av, 67 Av or the LIRR | Weight comparables with similar walk times more heavily |
Price thresholds and buyer searches
Buyers search online in price bands, and the New York State mansion tax of 1% applies to residential purchases of $1 million or more, paid by the buyer. A price just above a threshold can narrow the buyer pool or prompt buyers to negotiate to stay below it. Discuss with your broker whether your apartment sits near such a line and how to position it.
The flip tax affects your net, not the market value
A flip tax is a transfer fee that some co-ops charge on a sale, set by the building’s own documents; there is no city-wide rate. Buyers do not pay more because a building has a flip tax, so it does not raise the price; it reduces what the seller keeps. Ask the managing agent whether your building has one and how it is calculated, because the terms differ from building to building.
What should you gather before listing your Forest Hills co-op?
Before listing, collect your stock certificate and proprietary lease, the building’s house rules, recent financial statements, the board package requirements, the building’s policies on sublets and pets, flip tax provisions, any assessment notices, and records showing that past renovations were approved. Having these ready shortens attorney review and helps buyers judge whether they qualify.
Documents from your own files
- Stock certificate and proprietary lease (or information on where your lender holds them, if you have a share loan).
- Recent maintenance statements and any assessment notices.
- Alteration agreements and board approvals for any renovation you completed.
- Share loan information so your attorney can request a payoff letter.
- Warranties and manuals for appliances that stay with the apartment.
Documents from the managing agent
- The board package instructions and forms buyers must complete.
- The building’s two most recent financial statements and current house rules.
- Written policies on minimum down payment, sublets, pets and washer-dryers, where published.
- Flip tax terms and the managing agent’s transfer or processing fees, which vary by building.
- Any information the building provides about capital projects, Local Law 11 facade work or Local Law 97 plans.
Why this matters before you price
The board’s down-payment rule and financial expectations determine which buyers can realistically close. If the building requires a large down payment, the pool of eligible buyers is narrower, and your marketing and pricing should reflect that. Learning this after you accept an offer is one of the most common causes of failed co-op deals.
Key Takeaways
- Selling a co-op in Forest Hills means passing the buyer’s review and the board’s review.
- The most relevant comparables are recent sales in your own building, then similar buildings nearby.
- A flip tax reduces your net proceeds; it does not raise the market price.
- Collect the board package forms, financials and building policies before you list.
Want a pricing opinion grounded in your building?
I can prepare a CMA that starts with sales in your building and compares them with similar Forest Hills co-ops, so you can set a price with eyes open.
How do you prepare a Forest Hills co-op apartment for sale?
Prepare a Forest Hills co-op by fixing visible defects inside the apartment, clearing space so rooms read at their true size, and presenting the features buyers in your building type value most. Before any repair, confirm in the proprietary lease and house rules whether it is your responsibility or the building’s, and whether it needs board approval.
Pre-war apartments
In pre-war buildings, buyers notice original details and also look hard at windows, radiators, electrical outlets and kitchen and bath condition. Small repairs, such as fixing sticking windows, patching plaster and replacing dated light fixtures, help photos and showings. Larger renovation should be weighed carefully: it may require an alteration agreement and board approval, and it is rarely completed before a listing without delay.
Post-war elevator apartments
In post-war buildings along Queens Boulevard, buyers compare layouts and light from one line to the next. Fresh paint, clean floors, updated fixtures and decluttered closets help an apartment stand out from similar units in the same building, which may be listed at the same time.
Staging and showings in a co-op building
Staging means arranging furniture and decor so buyers can picture themselves in the space. In an apartment, that often means removing excess furniture, opening windows to light and showing a clear purpose for each room. Ask the managing agent about the building’s rules for showings and open houses, deliveries and moving staging furniture in and out, since each building sets its own rules. Let the doorman or super know when showings are scheduled.
What you should not do
Avoid starting unapproved work, painting over signs of a leak without disclosing it to your attorney, or removing fixtures that the contract may include. If a building-wide project, such as facade work or a lobby renovation, is under way, prepare a short factual explanation for buyers rather than hoping they do not notice the scaffolding.
How is a Forest Hills co-op marketed, and how do you attract board-ready buyers?
A Forest Hills co-op is typically marketed with professional photography, a floor plan and a listing on OneKey MLS, the multiple listing service serving the New York metropolitan region, which shares listings with buyers’ agents and major real estate portals. Clear information about the building’s requirements helps attract buyers who can pass the board.
Photography and floor plans
Professional photography matters because most buyers first see your apartment online. A floor plan is especially useful for co-ops, because buyers compare layouts across buildings on Queens Boulevard and want to know how rooms connect. Include accurate room counts and describe building amenities exactly as the building provides them.
Telling buyers what the building requires
A listing that states the building’s published down-payment minimum, the flip tax policy where appropriate, and key policies on pets and sublets saves time for everyone. Buyers who cannot meet the building’s rules can look elsewhere, and buyers who can will arrive prepared. Confirm with the managing agent before publishing any building policy.
Screening buyers fairly
Screening for board readiness should focus only on financial and documentary factors: the buyer’s pre-approval or proof of funds, down payment and whether their lender makes share loans. Sellers, brokers and co-op boards must comply with federal, state and New York City fair housing and human rights laws, which prohibit discrimination based on protected characteristics. At the first substantive contact, licensees also provide the NYS Disclosure Form for Buyer and Seller, which explains agency relationships.
Planning how to present your apartment?
We can walk through the apartment together and set priorities for repairs, staging and photography that fit your building’s rules and your timeline.
How do you compare offers on a Forest Hills co-op?
Compare offers on a Forest Hills co-op by price and by the likelihood that the buyer will pass the board and close: the size of the down payment against the building’s minimum, the strength of the financing, the buyer’s apparent liquidity, the contingencies requested and the closing timeline. The highest price is not always the strongest offer.
| Offer element | What to look for | Why it matters in a co-op |
|---|---|---|
| Price | Gross offer and requested credits | Your starting point for net proceeds |
| Down payment | Amount financed vs. building minimum | Below-minimum offers may never reach the board |
| Financing | Share-loan pre-approval; lender familiar with the building | Some lenders do not make share loans or lend in every building |
| Liquidity indications | Proof of funds after closing costs | Boards often review post-closing liquid assets |
| Contingencies | Mortgage contingency length and terms | A long contingency can delay the board package |
| Timeline | Target closing date and flexibility | Must fit the board’s meeting schedule and your move |
| Board package readiness | Documents gathered, references ready | A prepared buyer can submit quickly after the commitment |
Negotiating with board approval in mind
If two offers are close in price, the buyer whose finances clearly meet the building’s criteria is usually the better choice. Your attorney can also negotiate contract terms on how long the buyer has to submit the board package and what happens if the board rejects the application. When several buyers compete, your broker may ask for best and final offers; ask each buyer’s agent to confirm the down payment and lender at the same time.
All-cash and higher-down-payment buyers
An all-cash buyer removes lender risk, but the board still reviews the buyer’s finances. Some buildings set a maximum financing percentage, so an offer with a larger down payment may be stronger even at a slightly lower price. Ask the managing agent whether your building has such a limit.
What does it cost to sell a co-op in Forest Hills?
A Forest Hills co-op seller typically pays the New York State real estate transfer tax, the NYC Real Property Transfer Tax, any flip tax required by the building, brokerage compensation as negotiated, attorney fees, managing agent fees and the payoff of any share loan. Exact amounts depend on the price, the building and the contract.
Transfer taxes
The NYS real estate transfer tax, administered by the New York State Department of Taxation and Finance, is $2 for each $500 of consideration (0.4%) and is customarily paid by the seller. The NYC Real Property Transfer Tax, administered by the NYC Department of Finance, applies to Forest Hills because it is in New York City: for individual co-op units, condo units and one-to-three-family homes, the rate is 1% when the price is $500,000 or less and 1.425% when it is above $500,000, customarily paid by the seller. Confirm current rates with the NYS Department of Taxation and Finance and NYC Department of Finance before closing.
| Seller cost | Source or rule | How it applies to a Forest Hills co-op |
|---|---|---|
| NYS real estate transfer tax | NYS Department of Taxation and Finance | 0.4% of the consideration, customarily paid by the seller |
| NYC Real Property Transfer Tax | NYC Department of Finance | 1% at $500,000 or less; 1.425% above $500,000, customarily paid by the seller |
| Flip tax | The building’s own documents | Only if your building has one; no city-wide rate |
| Brokerage compensation | Listing agreement | Negotiable; any contribution to a buyer’s agent is also negotiable and must be agreed in writing |
| Seller’s attorney | Engagement agreement | Contract, coordination with the managing agent and closing |
| Managing agent fees | Building policy | Processing, transfer or move-out fees and deposits, set by each building |
| Share loan payoff | Your lender | Paid at closing; the lender’s lien on the shares is released |
| Maintenance and assessments | Building | Paid through closing; open assessments addressed in the contract |
For a broader view of seller and buyer costs across the borough, see Queens closing costs explained, and ask your attorney for a written net-proceeds estimate before you accept an offer.
Brokerage compensation in 2026
Brokerage compensation is negotiable and not set by law. Under the rules in effect in 2026, following the 2024 NAR settlement, buyers sign written agreements with their own agents, and a seller is not automatically required to pay the buyer’s agent. A seller may choose to offer a contribution or a buyer credit as part of a negotiation; whatever is agreed should be in writing.
Key Takeaways
- Compare offers on board readiness as well as price: down payment, share-loan lender and liquidity.
- Forest Hills co-op sellers customarily pay the NYS transfer tax and the NYC Real Property Transfer Tax.
- A flip tax applies only if your building’s documents require it.
- Brokerage compensation is negotiable, and paying a buyer’s agent is not automatic.
Have more than one offer to weigh?
Let’s line them up side by side on price, down payment, financing and board readiness, and estimate what each would leave you after closing.
What happens between contract and closing when selling a co-op in Forest Hills?
After the contract is signed, the buyer obtains a loan commitment, submits the board package, attends the board interview and receives the board’s decision; only then is a closing scheduled. When selling a co-op in Forest Hills, the board stage is the one most likely to add weeks.
| Stage | What happens | Who leads | What the seller can do |
|---|---|---|---|
| 1. Pricing and preparation | CMA, documents, repairs, photos | Seller and listing broker | Collect managing agent documents early |
| 2. Listing and showings | OneKey MLS, portals, showings | Listing broker | Keep the apartment show-ready; follow building showing rules |
| 3. Offer and acceptance | Price and terms agreed; not yet binding | Brokers | Favor offers that meet building criteria |
| 4. Contract | Attorneys negotiate; buyer’s attorney reviews building documents; contract signed, deposit held in escrow | Attorneys | Answer questions quickly; provide records |
| 5. Loan commitment | Buyer’s lender underwrites the share loan | Buyer and lender | Track the mortgage contingency deadline |
| 6. Board package and interview | Buyer submits package; board interviews and decides | Buyer, managing agent, board | Ask your broker to check the package for completeness |
| 7. Closing | Shares and lease transferred, share loans paid off and placed, taxes and fees paid | Attorneys, managing agent, lenders | Schedule the move-out under building rules |
If the board says no
Co-op boards can reject a buyer, and the contract normally sets out what happens next, often the return of the buyer’s deposit. The apartment then returns to the market. This is why sellers benefit from choosing buyers who clearly meet the building’s criteria and from making sure the package is complete before submission.
Timing your next move
If you are buying another home, coordinate both closings with your attorney. Many sellers arrange a short gap or a flexible closing date rather than counting on an exact day for the board decision. If you plan to buy nearby, our guide to buying your next home in Forest Hills explains the buyer side.
What changes if you sell a condo, a house or a Forest Hills Gardens home?
A condo sale usually needs a waiver of the board’s right of first refusal instead of buyer approval; a house sale requires the Property Condition Disclosure Statement and clear legal-use records; and a Forest Hills Gardens sale adds the community’s recorded covenants and the Forest Hills Gardens Corporation. Inherited apartments and houses add estate steps.
Condos
A condo owner holds a deed, so the board generally does not approve buyers in the co-op sense. Many condo bylaws give the board a right of first refusal, which the board usually waives after reviewing the contract. The seller pays the same NYS transfer tax and NYC Real Property Transfer Tax, and the managing agent typically provides a building questionnaire for the buyer’s lender; ask about its fee and turnaround time.
Houses and the Property Condition Disclosure Statement
The Property Condition Disclosure Statement (PCDS) is a New York State form in which the seller answers questions about the property’s condition. Since March 20, 2024, sellers can no longer give a $500 credit instead of delivering it; sellers of most one-to-four-family homes must provide the PCDS. Co-op and condo units are outside the PCDS requirement, because the statute’s definition of residential real property excludes condominium units and cooperative apartments. Homes and apartments built before 1978 also require the federal lead-based paint disclosure. For a house, gather the Certificate of Occupancy or other NYC Department of Buildings records, and resolve open permits or violations before listing.
Forest Hills Gardens homes
Forest Hills Gardens properties are subject to covenants and restrictions recorded in a 1913 Declaration, with the developer’s rights later assigned to the Forest Hills Gardens Corporation, which maintains the private streets and whose approval may be needed for exterior changes. A buyer’s attorney will ask about the annual charge to the Corporation and whether past exterior work was approved. Before listing, ask the Corporation for the current charge, your payment status and any approval records for past work.
Inherited apartments and houses
If you are selling a co-op or house as an executor or administrator, you generally need authority from the Queens County Surrogate’s Court before you can sign a contract, and a co-op board may have its own rules for transfers by an estate. Confirm both with a New York estate attorney and the managing agent. Our page on selling a probate property in New York explains the estate side of the process.
Not sure which rules apply to your property?
Co-op, condo, Gardens house or estate sale: let’s sort out which documents and approvals you need, and in what order, before you set a listing date.
What mistakes do Forest Hills co-op sellers make, and what belongs on your checklist?
The most common mistakes are accepting an offer from a buyer who cannot meet the building’s criteria, listing before learning the building’s rules and fees, and pricing from the wrong comparables. All three can be avoided before the first showing.
Mistakes to avoid
- Choosing the highest number without checking board fit. A buyer below the down-payment minimum can cost weeks.
- Pricing from another building type. Pre-war, post-war and condo sales are not interchangeable comparables.
- Forgetting the flip tax in your net. If your building has one, it comes out of your proceeds.
- Starting renovations without approval. Unapproved work can complicate the sale.
- Overlooking nearby competition. Buyers also tour apartments in Rego Park and Kew Gardens, so price against what they see.
Forest Hills co-op seller checklist
- Request a CMA based on recent sales in your building and similar Forest Hills buildings.
- Ask the managing agent for board package forms, financial statements, house rules, policies and fee schedules.
- Confirm whether a flip tax applies and how it is calculated.
- Locate your stock certificate, proprietary lease, alteration approvals and share loan information.
- Complete small repairs, declutter and schedule professional photos and a floor plan.
- Agree on brokerage compensation in writing; decide your position on any buyer’s-agent contribution.
- Estimate your net proceeds, including NYS transfer tax, NYC Real Property Transfer Tax and fees.
- Compare offers on price, down payment, lender and board readiness.
- Review the board package for completeness before it is submitted.
- Plan your move-out under the building’s rules and coordinate any purchase with your attorney.
For a borough-wide overview of the selling process, read how to sell your home in Queens, and for a general view of the neighborhood itself, see our guide to real estate in Forest Hills, Queens.
Frequently asked questions about selling a co-op in Forest Hills, Queens
How long does it take to sell a co-op in Forest Hills?
The timeline depends on pricing, demand and the building’s process. After an accepted offer, a Forest Hills co-op sale adds a board package, interview and decision to the usual contract and loan steps, so it often takes longer than a condo or house sale. Ask the managing agent how often the board meets.
Can a co-op board reject my buyer?
Yes. A Forest Hills co-op board reviews each buyer’s application and can approve or reject the sale, within the limits of federal, state and New York City fair housing and human rights laws. The contract usually explains what happens to the deposit if the board declines. Choosing buyers who meet the building’s criteria reduces the risk.
What is a flip tax and do all Forest Hills co-ops have one?
A flip tax is a transfer fee some co-ops charge when an apartment is sold, set by the building’s own documents. There is no city-wide rate, and not every building has one. When it applies, it is usually paid by the seller and reduces net proceeds. Ask the managing agent for the exact terms.
What transfer taxes does a Forest Hills co-op seller pay?
A Forest Hills co-op seller customarily pays the NYS real estate transfer tax of 0.4% and the NYC Real Property Transfer Tax, which for individual co-op units is 1% at $500,000 or less and 1.425% above $500,000. Confirm current rates with the NYS Department of Taxation and Finance and the NYC Department of Finance.
How is a Forest Hills co-op priced?
A broker prepares a comparative market analysis using recent sales in the same building and in similar nearby buildings, then adjusts for floor, exposure, layout, condition and maintenance. A CMA is a professional opinion of value, not an appraisal and not a guarantee. Building policies and down-payment rules also influence the result.
Do I need the Property Condition Disclosure Statement to sell a co-op?
Co-op and condo units are generally outside New York’s Property Condition Disclosure Statement requirement, which applies to most one-to-four-family houses. Co-op sellers should still answer the buyer’s due-diligence questions honestly through their attorney, and apartments built before 1978 require the federal lead-based paint disclosure. Confirm your situation with a New York attorney.
What documents does the managing agent provide when I sell?
The managing agent usually supplies the board package forms, recent financial statements, house rules, building policies on sublets and pets, flip tax terms and any transfer or processing fees. The agent also receives the buyer’s completed package and coordinates the closing. Request these early, because processing times vary by building.
Is the seller required to pay the buyer’s agent in Forest Hills?
No. Under the rules in effect in 2026, buyer-agent compensation is negotiable, not set by law and not automatically paid by the seller. Buyers sign written agreements with their own agents. A seller may agree to contribute or offer a credit as part of a negotiation, and any agreement should be in writing.
What do buyers look for in a Forest Hills co-op building?
Forest Hills buyers compare maintenance and what it covers, sublet and pet policies, renovation rules, building finances and assessments, and the walk to Forest Hills–71 Av, 75 Av, 67 Av or the Long Island Rail Road station at Station Square. Pre-war and post-war buildings attract buyers weighing different trade-offs.
What is different about selling a house in Forest Hills Gardens?
Forest Hills Gardens houses are subject to recorded 1913 covenants, an annual charge to the Forest Hills Gardens Corporation and possible Corporation approval for exterior changes. Buyers’ attorneys ask whether charges are current and past exterior work was approved. As with other houses, most sellers must deliver the Property Condition Disclosure Statement.
Your next step as a Forest Hills co-op seller
Selling a co-op in Forest Hills rewards sellers who prepare for the board as carefully as for the buyer. Learn your building’s rules and fees before you list, price from the right comparables, choose offers that can pass the board, and budget for transfer taxes and any flip tax so your net proceeds hold no surprises. When you are ready to set a plan, the page on how to sell your home in Forest Hills, Queens explains how we can price, market and guide your sale together.
Map your Forest Hills sale from first call to closing
A short conversation about your building, your timeline and your next move can turn a complicated co-op sale into a clear plan. English or Polish, whichever you prefer.
This article is for general informational purposes only and reflects conditions that may change. It is not legal, tax, or financial advice, an appraisal, or a guarantee of price or outcome; consult a licensed New York attorney, a CPA, and an NMLS-registered mortgage loan originator as appropriate. A CMA is an opinion of value, not an appraisal. Real estate brokerage services are offered by Agatha Lubas, Licensed Associate Real Estate Broker, NY License #10301213345, Keller Williams Realty Liberty, 96-10 101st Avenue, Ozone Park, NY 11416. The NYS Disclosure Form for Buyer and Seller, the NYS Housing and Anti-Discrimination Disclosure / Fair Housing Notice, and the brokerage’s Standard Operating Procedures are available on request. Equal Housing Opportunity.
Agatha Lubas helps buyers, sellers and investors across Queens, Brooklyn, Nassau County and Suffolk County plan each step of a sale, from pricing to closing. She works in English and Polish so clients can communicate in the language they find most comfortable.
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