Most Brooklyn lofts are in Co-op or Condo buildings, which require a "Board Package" after your contract is signed:
: A standard NYC form detailing your assets, liabilities, income, and sources of cash for the purchase. buy loft brooklyn
: Clearly state your offer price, the percentage you intend to put down (usually 20%–25%), and any contingencies (e.g., inspection or appraisal). The Board Application (Co-op/Condo) Most Brooklyn lofts are in Co-op or Condo
: If financing, this must be from a recognized bank. If paying cash, provide Proof of Funds (bank statements showing the full purchase amount). and any contingencies (e.g.
: You should have a specialized NYC real estate attorney ready; their name and contact info are required for the offer.