This week, readers visited Brick Underground for a cheat sheet on co-ops and condos. Condos are typically newer and buyers receive a traditional deed as if buying a single-family house, but in NYC, there's a larger inventory of co-ops. While they are more affordable than similarly sized condos—it's trickier to get approved by a co-op board compared to a condo board.
Also of interest: How you can tell if a basement apartment in NYC is legal. From checking the building's Certificate of Occupancy, looking for exits in each of the bedrooms to having a fully functional bathroom and kitchen, there's many ways that you can ensure a prospective basement apartment is a legal, and safe, dwelling.
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