In general, when comparing condos to co-ops, condos are generally higer in purchase price and a little lower in monthly costs. Co-ops are less expensive, but higher in monthly costs. You are asking on the basis of price per square foot. With condos, we know the price per square foot, because it is in the offering plan. In co-ops, we usually do not know the accurate square footage, because what is in the offering plan is the number of shares in the corporation associated with the unit, not square footage. In many cases where it is listed, it is very inaccurate. Furthermore the way square footage is measured in condos is a different methodology than co-ops.
What is important is to work with an experienced agent and get pre-qualified. You may or may not meet guidelines for most co-ops. It is easier to qualify for a condo for several reasons. Once you know where you stand from that perspective, start looking with your agent and find the place that feels right for you.
Halstead Property, LLC
There are so many factors involved besides square footage but I'm confident that if you see and compare the actual home you will find the condos to be higher priced due to the flexibility in renting them out and board approvals
The only other exception would be certain co-ops that are extremely exclusive, famous buildings that are in a special class all of their own.
Otherwise, condos will cost more, for several reasons.
Licensed Real Estate Salesperson