What is the Difference Between a Condo and a Coop?

Cooperative apartments (“coops”) differ from condominiums (“condos”) in several ways.  When you buy a coop, you buy stock in the corporation that owns the apartment building.  The building then “leases” the coop to the buyer under a long-term proprietary lease.  Coop owners pay monthly maintenance to the building corporation for items such as the expenses… [Read More]

Tags: buying condo, buying coop, buying real estate

How to Buy a Condo, Coop or Real Estate in New York

Manhattan home ownership—whether a condo, coop, or townhouse—can provide you with many benefits, including, a long-term investment and tax advantages. Of course, a home is also a major financial commitment.  There are ways to avoid costly pitfalls that can strain your budget and your patience. At the time of the closing, you will have to… [Read More]

Tags: buying condo, buying coop, buying real estate, NY condo lawyer, NY coop lawyer, NY real estate attorney