Categories
New Developments / Condos vs. Co-ops: Which is Right for You?
Choosing between new developments/condos and co-ops in Manhattan depends on your personal preferences and priorities. New developments/condos offer modern luxury, flexibility, and state-of-the-art amenities, appealing to buyers seeking contemporary living, albeit at a higher cost. In contrast, co-ops provide classic charm, a strong sense of community, and lower purchase prices, making them ideal for those who value tradition and connection.
Co-op/Condo vs. Townhouse
When buying a home in the city, luxury buyers often choose between a co-op/condo and a townhouse, each with unique benefits. NYC consists of 98% co-ops/condos and only 2% townhouses, influencing decision-making. This blog post will explore the key differences to help you decide. Co-ops and condos offer various amenities and a sense of community. In a co-op, buyers purchase shares in a corporation that owns the building, granting them a lease for their unit. Condo owners own their individual units and share common areas with other owners.
Work with us.
sevierteam@compass.com
(917) 991-5386
110 Fifth Ave, 3rd Floor
New York, NY 10011