What does the co-op board need from an estate, and how long can it take?

The deadlines

Local Law 58 of 2026 (Int. 1120-B) puts co-op boards on a clock for applications submitted on or after July 28, 2026:

• 15 days to acknowledge the application and say whether it is complete.
• 45 days to decide once it is complete, with one 14-day extension.
• The clock pauses if the board does not meet in July and August.
• The law also covers estate and family transfers, so the same deadlines apply when shares pass to an heir rather than to a buyer.

The law applies to co-ops above a size threshold that published summaries state two different ways, so it is not quoted here. Every large Bayside complex is covered either way. See where the board's clock falls on the timeline.

What the board will ask of the estate

• The letters from Queens County Surrogate's Court, so the building knows who signs for the estate.
• The signed contract of sale and the buyer's full package, on the building's own forms.
• The stock certificate and proprietary lease at closing. If they cannot be found, the managing agent will say what the building does about lost certificates; it is better to know early.
• Maintenance paid up through closing. Arrears are the executor's problem to clear, not the buyer's.

Ask the managing agent now

These answers set the price and the timeline, and nobody needs letters to ask:

• What does the board need from an estate, beyond the standard package?
• Is there a flip tax or transfer fee, and who pays it?
• What is the maintenance position on the apartment today?
• Does the board interview in person or by video?
• What is the building's current financing limit for buyers?
• Does the building allow an inherited apartment to be rented out? The answer settles the rent-or-sell question before it starts.

Every Bayside co-op sale goes through that building's board and managing agent. In the Bay Terrace sections, Metro Management manages three sections and Queens Quality Management manages Section III. For the other large complexes, the agent's name is on the building's own notices or on the maintenance bill.

The 15 complexes with the most estate sales each have a page with every recorded sale.