10/19/2026
🏙️ CO-OP vs. CONDO: Do you know the difference?
If you’re thinking about buying an apartment in New York City, there are a few important differences you should understand BEFORE you buy.
Let’s test your knowledge! 👇
1️⃣ Which one do you actually own and which one gives you shares in a corporation?
2️⃣ Which one typically requires board approval before you can purchase?
3️⃣ Which one allows you to rent out your apartment right away?
4️⃣ Which one may charge a flip tax when you sell?
5️⃣ Which one is generally easier to get financing approval for?
💡 These differences matter because they can affect your financing options, how you use your property, your ability to rent it out, and what happens when you’re ready to sell.
And remember: every building has its own rules. Co-ops can have different subletting policies, flip taxes, and financial requirements, so always review the specific building’s rules before making a decision.
📍Thinking about buying a co-op or condo in NYC?
Let’s talk about your goals, your budget, and which option makes the most sense for you.
📲 Call me to discuss your next move.
