40 Prospect Park West is cooperative building erected in 1942 rising 6 stories and comprising 62 units.
Which address are you applying to?
40 Prospect Park West - Sale
40 Prospect Park West - Sale
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.
If purchase is to be financed, bank should provide:
i. A copy of your commitment letter.
ii. A copy of the bank loan application.
iii.Three original 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.)
Applicant's Source of Funds Statement
Statement from the applicant(s) explaining in detail the source of funds for the purchase of the apartment.
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.
Supporting Documentation to the 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.
Upload letters from all banks where funds are held indicating when account was opened, status of account (rating) and present balance.
Copies of the last two years Federal Income Tax Returns, signed and complete with W-2 and/or 1099 forms.
Copies of two (2) most recent pay stubs.
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.
Current Landlord/Managing Agent Reference Letter
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.
Business/Professional Reference Letters
Include two (2) per applicant.
Personal Reference Letters
Include two (2) per applicant (no letters may be submitted by family members.)
The application above is a preview of the building’s actual application.
When you are ready to “Apply Online,” the application will have the proper forms pre-loaded ready for
you and your collaborators to fill in, edit, and digitally sign. In addition, you may upload external PDFs
which can also be filled in, edited, and signed via the built-in document editor.
Please note: Password protected PDFs and Excel spreadsheets are not acceptable uploads.
Financing Permitted: 80% of Purchase Price.
Shareholders must reside in
apartment for a minimum of one (1) year before requesting to sublet.
Prior to any public offering being made, request to sublet must be made by the
shareholder to the Board of Directors.
Subletting will be allowed only
due to an extraordinary circumstance and if it is the intention of the
shareholder to return and re-occupy the apartment.
One (1) year lease term. Maximum
duration is two (2) years for an approved sublet unless prior Board of Directors approval has been obtained.
No dogs permitted
Guarantors permitted on subleases.
Each apartment comes with one storage unit.
Please note there is a monthly charge on you maintenance bill for this storage unit.