Guide

How Much Does a Co-op Board Package Cost in NYC?

The board package is one of the last hurdles before closing on your NYC co-op. Here's what it actually costs in 2026 — in dollars and hours — depending on how you do it.

Three Ways to Assemble Your Board Package

DIY

Cost: Free
Time: 20-40 hours

Pros

  • + No out-of-pocket cost
  • + Full control over the process

Cons

  • - 20-40 hours of tedious formatting and assembly
  • - Easy to miss building-specific requirements
  • - No quality check — errors can delay approval
  • - Coordinating reference letters on your own

Real Estate Attorney

Cost: $1,000 - $3,000
Time: 1-2 weeks

Pros

  • + Professional handles assembly
  • + Legal expertise on disclosures
  • + Familiar with board expectations

Cons

  • - Expensive — $1-3K on top of closing costs
  • - You still gather and deliver all documents
  • - Turnaround is 1-2 weeks, sometimes longer
  • - Back-and-forth over email and phone

Boardpack

Cost: $299
Time: Under 1 hour

Pros

  • + 90% cheaper than an attorney
  • + AI reads and organizes your documents automatically
  • + Building-specific requirements for 4,700+ co-ops
  • + Professional PDF output in minutes
  • + AI-drafted reference letters and personal statement

Cons

  • - You still need to upload your source documents
  • - New service (launched 2026)

Side-by-Side Comparison

DIYAttorneyBoardpack
Cost$0$1,000 - $3,000$299
Your Time20 - 40 hours5 - 10 hoursUnder 1 hour
Turnaround1 - 3 weeks1 - 2 weeksSame day
Building RequirementsManual researchAttorney knows some4,700+ co-ops in database
Reference LettersYou write themAttorney may draftAI-drafted for you
Personal StatementYou write itAttorney may draftAI-written, tailored to building

The Hidden Cost: Your Time

The DIY route is technically free, but most buyers underestimate how much time it takes. Between gathering documents from multiple sources, formatting everything to the board's specifications, writing your personal statement, coordinating reference letters, and assembling the final PDF — you're looking at 20-40 hours of work spread over 2-3 weeks.

If you value your time at even $50/hour, that “free” DIY approach costs you $1,000 - $2,000 in lost time. And if you make a mistake that causes the board to request a resubmission, add another week and 10+ hours.

The real math

At $50/hour, 30 hours of DIY work = $1,500 in time cost. An attorney charges $1-3K and still requires 5-10 hours of your time ($250-500). Boardpack costs $299 and takes under an hour of your time ($50). Total effective cost: DIY ~$1,500, Attorney ~$2,250, Boardpack ~$349.

Save time and money on your board package

Boardpack assembles your complete co-op board package for $299 — 90% less than an attorney, and it takes minutes instead of weeks. Upload your documents, our AI does the rest.

Get a free cost comparison worksheet + board package tips