Prospective Buyers

Typical documentation is listed below; please see the sales package for full details and any additional documentation that may be required.

• Reference letters
• Employment confirmation
• Income tax forms
• W2 forms
• Bank and brokerage statements
• Mortgage commitment (if there is bank financing)
• Recognition agreement (if there is bank financing)
• Various co-op forms/disclosures

The St. George Tower & Grill Owners Corp. requires that sales in the building include a minimum 20% down payment.

The Board of Directors will only accept applications that contain financing at a standard fixed rate, from 10 to 30 year term.

If an interview is recommended, all applicants and prospective residents are required to attend a personal interview with the Admissions Committee.

Admissions interviews are held once per month. The full schedule can be found below.

All submitted application packages (including the original), become the property of the St. George Tower and Grill Owners Corp. All information submitted to the committee is strictly confidential and will not be reproduced or kept by committee members. The original copy of the application is kept on file for the co-op’s records. All other copies are collected after the Admissions Committee meeting and subsequently destroyed.

A move-out by the current owner must take place before the date of closing. Applications or contracts of sale in which the current owner is allowed to remain in the apartment or to store their belongings in the apartment after closing, even for only a few days, will not be accepted. Similarly, a move-in by the new owner can only take place after the date of closing.

Moves are strictly limited to one per day and are permitted only on Monday, Wednesday, Thursday, or Friday. Moves must start and finish between 9 AM and 5 PM, and can not happen on national holidays. This minimizes disturbances to other residents and allows the resident manager to coordinate use of the service elevator.

As described in the proprietary lease, only shareholder(s) or those listed in this application as proposed residents can live in an apartment at the St. George. Immediate family members can visit and, by prior arrangement with the shareholders, stay in the apartment temporarily, even if the shareholder(s) are away from home. However, friends, colleagues, and relatives other than immediate family members cannot stay in the apartment if the shareholder(s) are not present, even for a day or two, unless special arrangements are made and permission is granted by the board of directors. Similarly, shareholders may not sublet an apartment without permission from the board, and this can only be granted for short periods under restricted circumstances (see “Sublets” under “House Rules”). Finally, under no circumstances are shareholders permitted to have roommates, subtenants, or other long-term residents, other than immediate family members or partners, without the permission of the board.

See Alterations Package in the document section.