Latest / BSPE Legal Marketing Podcast
What Are the Disadvantages of Owning a Condo in NYC? - Natalia A. Sishodia
From Sishodia PLLC – "What Are the Disadvantages of Owning a Condo in NYC?" delves into the complexities and challenges that prospective buyers may encounter in the New York City condominium market. While condos offer certain flexibilities over co-ops, such as more lenient subletting policies and fewer ownership restrictions, they come with their own set of drawbacks that warrant careful consideration.
One significant issue is the limited availability of condos in NYC. With approximately 75% of the city's apartments being co-ops, the higher demand for condos can drive up prices, making them…
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