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Condo or Co-op? What should you know?

[fa icon="calendar'] Apr 20, 2020 4:56:24 PM / by Eli Karpovski posted in Co-op, Condo

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What’s the difference between a condo and a co-op?

The easiest way to differentiate between condos and co-ops is in the type of ownership. A condo is “real property” – like a house – where you’re given an actual deed.

Residential real property in NYC can be any these:

  • Single Family Home
  • Multi Family Home (up to 4 family)
  • Apartment
  • Loft
  • Townhome

Co-ops generally apply to residential real estate and for this conversation we'll stick to that topic.

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