How much does a Mitchell-Lama apartment cost?
How much does a Mitchell-Lama apartment cost? The purchase price of a Mitchell Lama co-op–known as the ‘equity value purchase price’–has no relationship to actual market value. It frequently ranges from $4,000 to $35,000. Can you own a Mitchell-Lama apartment? Mitchell-Lama co-op apartments Like traditional co-ops, Mitchell-Lama home owners are considered shareholders in the cooperative […]