The choice of a condo vs. a co-op depends upon your individual needs and wants. If you like older, pre-war buildings, those are mostly co-ops. If you like new and modern, a condo may be your style.
Next to consider is the state of your personal finances. A co-op board will require a certain debt-to-income ratio and a certain amount of liquid assets after closing. A condo's requirements are much less restrictive. There was a time when the amount of downpayment you could afford made a difference, but these days the banks will generally not lend more than 80% even if the condo only requires 10% down.
Yet another thing to consider is if you will need to sublet at some point. Co-ops are stricter about this and each building has their own policy.
Overall, one is not better than the other. It depends upon what you like and want. A co-op is a terrific choice if you are qualified. If you work with a good buyer's agent, they can provide you with a wide range of options in your budget and in accordance with your lender's pre-approval.
Hope this helps.
Halstead Property, LLC