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Iheartny, Other/Just Looking in New York, NY

What is a Co-op?

Asked by Iheartny, New York, NY Sat May 5, 2007

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A coop is a form of ownership. Instead of owning real property like a house or condo coop owners own shares of stock in the housing corporation allocated to a particular unit. Cooperative ownership is the most common form of apartment ownership in New York City.There are pros and cons of coop ownership. link below for more about coops and condos.
1 vote Thank Flag Link Sun May 20, 2007
Mitchell Hall, Real Estate Pro in New York, NY
MVP'08
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