Concord Commission Advance REBNY financial statement guide for New York real estate agents, featuring a REBNY financial statement document, New York City skyline, and key co-op board approval requirements, including assets and liabilities, income and expenses, debt-to-income (DTI) ratio, post-closing liquidity, and financial documentation.

The REBNY Financial Statement: What New York Agents Need to Know to Get Their Buyers Through a Co-op Board

October 28, 2026

Approximately 75% of New York City’s apartment market consists of co-operatives. Unlike condos, buying a co-op means purchasing shares in a corporation, and the board of that corporation has broad legal authority to approve or reject a buyer for almost any financial reason. The REBNY Financial Statement is the document that determines whether a buyer […]

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