What is a co-op? It can be a foreign concept to those new to New York City. Often less expensive than a condo, co-ops have a unique ownership structure, unusual rules and requirements, and a very ...

A co-op is a special kind of apartment with its own arcane buying procedure. It's essential to understand the steps and avoid pitfalls such as working with lenders who don't make co-op loans.

In other words, when you “buy” a co-op apartment, what you’re really doing is buying into a corporation, a legal entity that’s the actual owner of the apartment building (or town house ...

A co-op is a unit within a building or development that's jointly owned by all its residents. When you buy a co-op, you're purchasing shares in the cooperative.

What is a co-op apartment? “ [Co-op] owners do not actually own their physical [unit],” says Jay, who has over 15 years of experience selling property in Manhattan.

Co-operative apartment buildings are mostly commonly found in New York City, and are governed differently than their condo counterparts. Crucially, apartment owners in co-ops are technically ...

Cooperative living in New York has many benefits, giving apartment owners control over their community through the co-op board. But boards have strong powers and have been given considerable ...