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Q & A: No ‘Functioning Kitchen’

By Jay Romano

Q: We are thinking about buying an apartment. But its kitchen has only a refrigerator; there are no cabinets, stove, counters or even a sink, just the plumbing for one. Would this be a problem for banks, and if so, what’s the minimum amount of kitchen equipment needed?

A: Rosemary Liuzzo Mohamed, a Manhattan real estate lawyer, says that each lender has its own requirements, but that most traditional loans require a “functioning kitchen.” By that definition, the space would need cabinetry, some sort of countertop, a functioning sink, hookups for the stove, the stove itself, and a refrigerator.

“It should be noted that special loans exist, like renovation loans, which would not require a functioning kitchen,” Mrs. Liuzzo Mohamed said.


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