NYC co-ops forced to disclose reasons for sale denial, under proposed law

NYC co-ops forced to disclose reasons for sale denial, under proposed law

New legislation in the NYC Council would require co-op boards to tell prospective buyers why they were turned down for an apartment, as well as other protections for would-be property owners.  NYC Public Advocate Jumaane Williams is pushing for Intro. 0407, a bill he sponsored that would require co-op boards to provide unsuccessful buyers with a written statement explaining why they did not get the apartment.  A co-op owner is a person who buys …