When considering board applications, virtually all co-operative and condominium buildings want to be sure there won’t be too many residents in the apartment that a purchaser is under contract to buy.
No overstuffed clown cars for them.
For buildings, it is a matter of sensible choice. For the city, it is a matter of law.
According to the New York City Administrative Code, the number of apartment occupants depends on the “livable floor area.” Here’s how to calculate the area: Continue reading