1. Sales Information & Requirements

Please read the attached PDF thoroughly. Please be advised that an incomplete application will not be forwarded to the Board. NO EXCEPTIONS will be made. We ask that you refrain from uploading any documents to this requirement.

• #224 - Coop Sales Info & Requirements.pdf (PDF)
• House Rules -159 Madison Avenue (PDF)

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2. Cover Letter from Applicant to Board

Please upload a Cover Letter.

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3. Credit Report Authorization

All applicants, co-applicants, guarantors and adult occupants must have a consumer credit report.

• Consumer Report Release Authorization - DOB (CENT) (Form)
• Tenant Fair Chance Acknowledgment (CENT) (Form)

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4. Income and Expense Form

• Income Expense Form (C159Madison) (Form)

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5. Contract of Sale

Must be Fully Executed

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6. Financing

If purchase is to be financed, bank should provide: i. A copy of Loan Commitment Letter. ii. A copy of the Bank Loan Application. iii. AZTECH Recognition Agreements signed by a bank officer and applicant(s). (THREE (3) ORIGINALS MUST BE INCLUDED WITH THE HARD COPY OF THE COMPLETED APPLICATION PACKAGE SUBMITTED TO CENTURY MANAGEMENT.)

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7. Applicant's Source of Funds Statement

Statement from the applicant(s) explaining in detail the source of funds for the purchase of the apartment (i.e., savings from employment, base, bonus, stock, inheritance, etc.).

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8. Selling a Residence

If selling a residence, please provide a copy of the pending contract of sale or listing agreement or copy of the closing statement.

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9. Purchase Application

• REBNY Coop Purchase Application (G1183) (Form)

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10. Financial Statement

Please complete Financial Statement (enclosed).

• Century Financial Statement (CENT) (Form)

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11. Supporting Documentation to Financial Statement

All must be accounted for if listed, including the most recent two (2) months bank statements (all pages) and copies of brokerage statements, etc. You may be required to submit updated bank and brokerage statements after Board Review. The amounts set forth on the Financial Statement form must be equal to the amounts on the supporting documentation. Financial Statement amounts and all supporting documentation must be in USD. If funds are held in overseas accounts, a certified bank letter verifying the USD value must accompany said documentation.

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12. Tax Returns

Copies of the last two years Federal Income Tax Returns, signed and complete with W-2 and/or 1099 forms. The returns must be accompanied by a statement from the applicants accountant attesting to the fact that they are exactly as filed with the IRS. Applicants whose income is derived from closely held companies in which they hold substantial interest should also submit tax returns for the company accompanied by a statement from a certified accountant.

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13. Pay Stubs

Copies of one months pay stubs.

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14. Employment Reference Letter / Income Verification Letter

Must be on company letterhead and include salary, length of employment, position, bonuses and prospect for continued employment. If self-employed, provide a C.P.A. letter stating length of time the company has been in existence, nature of your business, expected net income for the current year, and position held. If retired, please provide copies of pension and/or social security award letters.

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15. Current Landlord / Managing Agent Reference Letter

Must indicate the timeliness of rent payments and length of tenancy. If you reside with family members or if you own the home you are currently residing in, please indicate this in writing.

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16. Business / Professional Reference Letters

Include two (2) per applicant.

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17. Personal Reference Letters

Include two (2) per applicant.

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18. Proprietary Lease and House Rules Acknowledgment

• Proprietary Lease and House Rules Acknowledgment (CENT) (Form)

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19. Renovation Rider Agreement

• Cooperative Renovation Rider Agreement (CENT) (Form)

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20. Assumption of Alteration Agreement

Applicable in the event Seller and the Board of Directors have PREVIOUSLY entered into an Alteration Agreement. Seller shall provide a copy of this Alteration Agreement to the Applicant.

• Co-op Assumption to Alteration Agreement (CENT) (Form)

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21. Co-op Tax Abatement/Refund/Credit Letter

• Coop Tax Abatement Refund Credit Letter (G1109) (Form)

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22. Lead-Based-Paint Disclosure Form

Applicable to residential dwellings built prior to 1978. Download the Lead Brochure from the documents section of the building page.

• Lead Disclosure - Generic (G9927) (Form)

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23. Emergency Contact Form

• Emergency Contact Information (C159Madison) (Form)

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24. Pet Information Form

• Pet Information Form (CENT) (Form)

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25. Sublet Policy Acknowledgment Form

• Sublet Policy Acknowledgment (C159Madison) (Form)

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26. Core Acknowledgment Form

Download the House Rules and Move-in/out Policy from the documents section of the building page.

• Cooperative Core Acknowledgment Form (CENT) (Form)

1. Sublease Information & Requirements

Please read the attached PDF thoroughly. Please be advised that an incomplete application will not be forwarded to the Board. NO EXCEPTIONS will be made. We ask that you refrain from uploading any documents to this requirement.

• #224 - Sublease Info & Requirements.pdf (PDF)
• House Rules -159 Madison Avenue (PDF)

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2. Cover Letter from Applicant to Board

Please upload a cover letter.

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3. Credit Report Authorization

All applicants, co-applicants, guarantors and adult occupants must have a consumer credit report.

• Consumer Report Release Authorization - DOB (CENT) (Form)
• Tenant Fair Chance Acknowledgment (CENT) (Form)

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4. Lender's Consent to Sublet

If you have financing on your apartment, you must obtain your lenders written consent to sublet. If you do not have financing you must provide the Board with a notarized letter signed by each tenant-shareholder stating that fact.

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5. Request to Sublet

Upload letterfrom Shareholder(s) requesting permission to sublet.

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6. W-9

To be completed by shareholder only.

• W-9 - 2018 (NC) (Form)

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7. Notification of Shareholder's Contact Information

• Shareholder's Contact Info (CENT) (Form)

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8. Shareholder's Home Owners Insurance

Copy of proof of shareholders home owners insurance.

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9. Sublease Application

• REBNY Co-op Sublease Application (G1287) (Form)

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10. Financial Statement

Please complete Financial Statement (enclosed).

• Century Financial Statement (CENT) (Form)

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11. Supporting Documentation to Financial Statement

All must be accounted for if listed, including the most recent two (2) months bank statements (all pages) and copies of brokerage statements, etc. The amounts set forth on the Financial Statement form must be equal to the amounts on the supporting documentation. Financial Statement amounts and all supporting documentation must be in USD. If funds are held in overseas accounts, a certified bank letter verifying the USD value must accompany said documentation.

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12. Tax Returns

Copies of the last two (2) years Federal 1040 Tax returns, signed and complete with W-2 forms. If self-employed, copies of the last two (2) years Financial Statement and Business Tax returns.

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13. Pay Stubs

Copies of two (2) most recent pay stubs.

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14. Employment Reference Letter / Income Verification Letter

Must be on company letterhead and include salary, length of employment, position, bonuses and prospect for continued employment. If self-employed, provide a C.P.A. letter stating length of time the company has been in existence, nature of your business, expected net income for the current year, and position held. If retired, please provide copies of pension and/or social security award letters.

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15. Current Landlord / Managing Agent Reference Letter

Must indicate the timeliness of rent payments and length of tenancy. If you reside with family members or if you own the home you are currently residing in, please indicate this in writing.

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16. Business / Professional Reference Letters

Include two (2) per applicant

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17. Social Reference Letters

Include two (2) per applicant.

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18. REBNY Sublease Agreement

• REBNY Co-op Sublease Agreement 2019 (G1286) (Form)

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19. Rider to Sublease Agreement

• Rider To Sublease Agreement (C159Madison) (Form)

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20. Occupancy Rider

• Occupancy Rider (CENT) (Form)

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21. Rules and Policies Regulating Apartment Sublets

• Rules and Policies Regulating Apartment Sublets (C159Madison) (Form)

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22. Lead-Based-Paint Disclosure

Applicable to residential dwellings built prior to 1978. Download the Lead Brochure from the documents section of the building page.

• Lead Disclosure - Generic (G9927) (Form)

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23. Sprinkler Disclosure Form

• Sprinkler Disclosure (G9243) (Form)

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24. Window Guard Form

• Window Guard(G9947) (Form)

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25. Emergency Contact Form

• Emergency Contact Forms CENT (Form)

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26. Pet Information Form

• Pet Information Form (CENT) (Form)

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27. Core Acknowledgment Form

Download the House Rules and Move-in/out Policy from the documents section of the building page.

• Cooperative Core Acknowledgment Form (CENT) (Form)

1. Documents for Informational Purposes Only

(i) An incomplete application will not be forwarded to the Board. No exceptions will be made. If you are unable to supply the requirements listed below, please indicate the reason why in a letter and upload it under the individual requirement.

• Finance_More Refinance_Home Equity General Information (C159MadisonAvenue).pdf (PDF)

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2. Refinance or Home Equity Loan Application

• Refinance or Home Equity Loan (CENT) (Form)

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3. Latest Mortgage Statement

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4. Consent from your First Mortgage holder

(i) If you are seeking to obtain a Home Equity Loan/Line of Credit whereby the first mortgage is not being paid off, you must provide evidence of consent from your First Mortgage holder. Consent must be provided to ensure compliance under the terms of the signed recognition agreement for the First Mortgage.

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5. Payoff statement

(i) If applicable provide Payoff Statement.

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6. Proposed Lenders Commitment Letter

(i) If you have not locked in your rate yet, in addition to the Loan Commitment you may upload Good Faith Estimate (GFE) stating your monthly mortgage payment and interest rate. (ii) Make sure the Loan Commitment Letter is signed by all parties.

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7. Proposed Lenders Loan Application

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8. Proposed Lenders Appraisal Report

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9. AZTECH Recognition Agreement

(i) Provide AZTECH Recognition Agreement signed by the lender and shareholder(s). (ii) PLEASE BE ADVISED: With the hard copy you must include three (3) Original Recognition Agreements.

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10. Financial Statement

(i) This must be completed only if it is not included on your lenders Loan Application.

• Century Financial Statement (CENT) (Form)

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11. Supporting Documentation to Financial Statement

(i) Applicants must provide supporting documentation for all amounts listed on the financial statement. This includes but is not limited to the three (3) months most recent bank statements (all pages) and copies of brokerage statements, etc.

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12. Tax Returns

(i) Provide the most recent Federal Income Tax Returns, signed and complete with W-2 and 1099 Forms.

1. Documents for Informational Purposes Only

(i) An incomplete application will not be forwarded to the Board. No exceptions will be made. If you are unable to supply the requirements listed below, please indicate the reason why in a letter and upload it under the individual requirement.

• Same_Less Refinance General Information (C159MadisonAvenue).pdf (PDF)

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2. Refinance or Home Equity Loan Application

• Refinance or Home Equity Loan (CENT) (Form)

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3. Latest Mortgage Statement

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4. Payoff statement

(i) If applicable provide Payoff Statement.

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5. Proposed Lenders Loan Application

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6. Proposed Lenders Commitment Letter

(i) If you have not locked in your rate yet, in addition to the Loan Commitment you may upload Good Faith Estimate (GFE) stating your monthly mortgage payment and interest rate. (ii) Make sure the Loan Commitment Letter is signed by all parties.

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7. AZTECH Recognition Agreement

(i) Provide AZTECH Recognition Agreement signed by the lender and shareholder(s). (ii) PLEASE BE ADVISED: With the hard copy you must include three (3) Original Recognition Agreements.

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8. Financial Statement

(i) This must be completed only if it is not included on your lenders Loan Application.

• Century Financial Statement (CENT) (Form)

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9. Supporting Documentation to Financial Statement

(i) Applicants must provide supporting documentation for all amounts listed on the financial statement. This includes but is not limited to the three (3) most recent bank statements (all pages) and copies of brokerage statements, etc.

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10. Tax Returns

(i) Provide the last two (2) years Federal Income Tax Returns, signed and complete with W-2 and 1099 Forms.