Yes. Under New York law, co-op boards can reject purchasers without providing any explanation. They cannot reject on discriminatory grounds protected by fair housing laws, but they are not required to state their rationale. This makes preemptive screening critical - by the time you reach the board interview, you should have high confidence that the buyer's financial profile and personal presentation will pass.
From the seller playbook: Co-op Board Approval Strategy
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
More questions on this topic
List for free, or go full service for 1%.
Use the playbook yourself, or let us run pricing, marketing and negotiation.