The difference between a coop and a condo is that you are a shareholder in a coop vs. owning the actual deed in a condo. For us, it was actually cheaper to buy here than to rent!
20% down payment is required with a 3:1 income to debt ratio and there is no interview. Considering other coop buildings, this requirement is actually liberal and the maintenance includes taxes, access to all amenities, cable, internet, and is 52% tax deductable.
The building is due to go under major renovation with a new lobby, facade,children's playroom and yoga studio. You can take a look at the following link for additional information https://www.thebriarcliffowners.com/ or contact me for details.