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What Is the Difference Between a Condo and a Co-op? - Peter Zinkovetsky
From Avenue Law Firm - What Is the Difference Between a Condo and a Co-op? explains how Manhattan buyers choose between two very different ownership structures in New York City. Peter Zinkovetsky walks through the core distinction: a condo purchase gives you a deed to your unit as real property, while a co-op purchase gives you shares in a corporation plus a proprietary lease that grants the right to occupy your apartment. That single difference shapes everything that follows, from financing to board approval, monthly costs, and resale flexibility.
The episode compares what buyers typically…
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