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