COOP / CONDO_LESS THAN 20% DOWN_NYC

[Anthony Buscaino]

Hi guys,

I'm located in NYC - specifically searching in the Brooklyn and Queens boroughs.

In regards to getting approved for purchasing a coop / condo, I'm aware that most require at least 20% down. Are there some buildings that accept as low as 5-10% down? If so, is there some sort of list online that points these properties out? I know it's a long shot, but I figured I'd ask anyway. 

Also, if none do exist, do you think coops / condos will start to be more lenient in regards to down payment amounts considering the state of the economy, and giving people a chance to actually purchase a property in such a tough market? 

Thank you in advance, and I hope you and your families are staying safe.

Anthony