Every co-op is different. No one knows except them and possibly the lawyer handling the deal. It shouldn’t be an issue but co-ops are extremely unique.

Like the other poster said, it really depends. This will be an issue for some coops and not for others. If you worked with a broker they likely have an idea of how strict the building is and what qualifications they require

My friend had an all cash offer over aksing in a similar situation and the board rejected the sale. Co-op board can be epic assholes.

I wouldn’t count on it! You’d have better luck buying a condo

Co-op boards can reject you for any reason or no reason, so nobody but them will know for sure. With your situation, they MIGHT have an issue with your name on the property if you don't live there, but hopefully they'll be understanding.

It's worth a shot. Make sure your contract has a contingency so you get your deposit back if they do reject you, and then worst case scenario all you've lost is some time.

It's very possible they'll be fine. Hard to give an answer either way without knowing which building it is since each one has it's own set of rules

As someone who works in the industry in nyc, this is largely case by case. Most co-ops prefer not to have a parent buying for an unemployed child. I’ve had a parent buying cash with 10M in the bank get denied because they didn’t want a college student who wasn’t working living in the building.

You should be able to find a building that allows for what you are describing. Just be sure to ask all of the right questions prior to viewing the property.

Definitely maybe.

Check Streeteasy, it should say if they allow parents buying for children.

Did you work with a broker? If they know the building they’ll be able to tell you. They want you to get the place as much as you do because it’s how they get paid. Accepting the offer is only the start. It’s getting through the board application and interview that’s the real issue.

You really want to ensure that there is a clause that you will get back your earnest money if you’re rejected by the board in your purchase agreement.