ASK US ANYTHING

Help and Advice

How does one purchase a unit?

Your Real Estate Agent is the first point of contact. The Co-Op Board approval requirements are as follows:

15% down payment is the minimum, and gross minimum income required is 5.5 times annual maintenance payment, if going for a mortgage; or 4.5 times annual maintenance if you're paying cash. A clean credit report (no more than 3-to-1 monthly debt to income ratio) is needed. Approximate monthly payment for mortgage and maintenance combined with 15% down, for 30 years at 4.5% interest, not including any applicable PMI insurance needs to be considered.

Co-op purchase application fee is $1,150.
.

Once my offer to buy has been accepted, how long before I am interviewed by the Board?

The Board tries to interview purchase applications as quickly as possible. Depending on the availability and schedules of the Board members, some times it make take up to two weeks before an interview is scheduled.

After closing on my new unit how do I apply for the NYS STAR credit?

You can learn about, and apply online, for the NYS STAR credit at their official site here. While completing your online application you will be asked for your Tax Map Number: 100-212-3-41.UNIT. Replace UNIT with your new unit number. Once you complete their online application you will provided with a confirmation. You can use this to check your application status.

I want to renovate or update my unit. What do I need to do to start the process?

The Property Manager must be notified of the renovation intent and scope of work for the project no less than 30-days prior to start. A Unit Alteration Application (UAA) must be completed and submitted to the Property Manager 30-days prior to start date in order to obtain approval by the Board. Insurance, permits and scope of work along with security deposits must be reviewed and approved to avoid fines or shut-down of work site.

How do I enable electronic/paperless billing for my monthly maintenance bill?

The property management company (APM) allows registered users to control automated billing and payments through their AppFolio Portal. If you prefer to receive your monthly maintenance bill via email (instead of regular mail), please email the following information:

First name
Last name
Unit number
Preferred email for notifications

to Ria Horsham at rhorsham@accreditedpm.com.

How do I sign up for a website account?

All new account registrations on the Fisherman’s Wharf website must conform to a few requirements.

New accounts must be created through the Fisherman’s Wharf website.
New accounts must be approved by the Board in coordination with the Property Manager.
Accounts will only be approved for current Shareholders/Residents.

Specific instructions can be found here.

NOTE: If you are registering a new account using an email address that is different than the one used to create your AppFolio account with Accredited Property Management (APM), the Fisherman’s Wharf Property Manager, you will need to send an email to the Property Manager with the following information:

First Name
Last Name
Unit Number
APM email address
Website email address

This information will be used to verify shareholder/resident status for unknown email addresses.