Board Package
Real estate · Reinvent NY glossary
A board package is the comprehensive application required by NYC co-op (and some condo) buildings before approving a buyer. It typically includes financial statements, tax returns (2-3 years), bank and investment statements, employment verification, personal and professional reference letters, and a completed building questionnaire. Some buildings also require a personal interview with the board. Preparation takes 2-4 weeks and often requires a CPA letter. Co-op boards can reject applicants for almost any reason (except protected classes), making a strong board package critical.
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