Case Study:Marilyn Manor One Bedroom Two Bedroom Value as a Co-op $30,000.00 $40,000.00 Add: Conversion Obligation (Including under- lying mortgage, fees & costs) $33,000.00 $40,000.00 Total Investment $63,000.00 $80,000.00 Condominium Values after Conversion $145,000.00 $175,000.00 Net Increase in Wealth (Equity) $82,000.00 $95,000.00 Results from Conversion of Marilyn Manor WHAT OWNERS SAY ABOUT THEIR CONVERSION While I understood the benefits of converting my coop to condo. I was surprised by how smoothly the paper work part of the process went. ROA Hutton professional guidance prepared our asso- ciation for the transition from Coop to Condo. Mickey Dickenson Owner and Board Member Location Hackensack, N.J. Number of Units 36 Converted to Co-op 1986 Converte

Join for free to read