The pros and cons of renting in a NYC condo or co-op building

… Years ago when I rented a studio apartment in a small selfmanaged coop building in Murray … going to get better value Editors note Application fees for rentals are capped at $20 but condos and coops can charge … leasing from an individual owner rather than from a large corporate ownerdeveloper For that reason he said A vacancy …

By Jennifer White Karp |January 12, 2026 - 10:30AM
12 tough co-op board interview questions—and how to answer them

… mind your online manners Roberts  said hes amazed at how many unpleasant things hes seen or heard in the … is best to omit details of your proposed renovation until after closing For one thing you never know who may live … on this issue brokers said Your answer will ideally be along the lines of If the board or the building thought that …

By Brick Underground |December 26, 2025 - 9:30AM
The pros and cons of buying a co-op sponsor unit: You don't need board approval, but you'll likely pay a premium

… that sponsor apartments can be more expensive than resale coops despite the wear and tear they may have faced as … firm Miller Samuel said the higher price tag is partly due to the fact that sponsor apartments are often newly … … Con The closing costs might be higher too … Although most coops require buyers to put down 20 to 25 percent of the …

By Celia Young |July 24, 2025 - 11:30AM
What’s a condop? What do I need to know about buying there?

… When you are hunting for an apartment in New York City you may come across a listing for a condop particularly if you are searching for sponsor coops A condop is probably the … with the unique arrangement of condops and be willing to live in a mixeduse building Sometimes a condop can make it …

By Evelyn Battaglia |May 6, 2025 - 10:30AM