FAQ | Queensview Co-op

Question 1

What is the minimum down payment required to buy at Queensview?

Accepted Answer

Queensview requires a minimum down payment of 20%. Buyers must finance no more than 80% of the purchase price, though the board will also look closely at your debt-to-income ratio and post-closing liquidity during the application process.

Question 2

Are guarantors, co-purchasing, or parental purchasing allowed?

Accepted Answer

No. To maintain a community of primary residents who are financially independent, Queensview does not permit guarantors, co-purchasing, or parental purchasing.

Question 3

Is there a flip tax?

Accepted Answer

Yes, there is a flip tax (transfer fee) at Queensview. This fee is paid upon the sale of the apartment and goes directly back into the co-op’s reserve fund, helping to keep the building financially healthy and maintenance costs stable.

Question 4

What does my monthly maintenance fee cover?

Accepted Answer

Like most NYC co-ops, your monthly maintenance fee covers your share of the building's property taxes, the building's underlying mortgage, master insurance, and upkeep of the 10-acre grounds and common areas.

Question 5

Can I sublet my apartment at Queensview?

Accepted Answer

No. Queensview is strictly an owner-occupied community, and subletting or renting out your unit is not allowed. This rule ensures a stable, invested community of neighbors.

Question 6

Is Queensview pet-friendly?

Accepted Answer

Yes, but with restrictions. Cats are warmly welcomed. Prospective buyers should consult the management office regarding the specific rules for dogs and other pets before applying.

Question 7

Can I use the apartment as a Pied-à-Terre?

Accepted Answer

No. Because Queensview focuses on fostering a strong, full-time community, pied-à-terre (part-time residence) ownership is not permitted.

Question 8

Can I install a washer and dryer in my unit?

Accepted Answer

No, in-unit washers and dryers are not permitted. However, the complex provides accessible laundry facilities for residents.

Question 9

Is parking available on-site?

Accepted Answer

Yes. Queensview has on-site surface parking lots. Parking spaces are available for rent, though there may be a waitlist depending on current demand.

Question 10

I’ve heard Queensview is a NORC. What does that mean?

Accepted Answer

NORC stands for "Naturally Occurring Retirement Community." Queensview partners with local organizations to provide a continuum of on-site health, social, and support services to help senior residents age gracefully and comfortably in their own homes.

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