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 … are a number of pitfalls that you should be aware of before you sign a lease as a renter in a coop or condo You may … note Application fees for rentals are capped at $20 but condos and coops can charge higher fees The trick is to find …

By Jennifer White Karp |January 12, 2026 - 10:30AM
The pros and cons of buying a co-op sponsor unit: You don't need board approval, but you'll likely pay a premium

… for many buyers Most coop buildings were converted from rental buildings in the 1970s and 1980s Existing tenants had the option to buy their apartments or keep renting If a tenant didnt buy the sponsor retained ownership … the sponsoryour broker and attorney can help you with this  Ask how many apartments the sponsor owns in the building and …

By Celia Young |July 24, 2025 - 11:30AM