🏢 Buying a Condo vs. a Co-op in NYC: What’s the Legal Difference?

🏢 Buying a Condo vs. a Co-op in NYC: What’s the Legal Difference?

In New York City — especially in Queens — one of the biggest choices homebuyers face is whether to purchase a condo or a co-op. While they may look similar, the legal differences between the two are significant — and can impact your rights, flexibility, and closing...
Co-op closing costs for sellers

Co-op closing costs for sellers

Closing costs for a seller of a residential co-op apartment is typically broken down into a few categories: brokerage fees, transfer taxes, co-op fees, payoff bank fees and legal fees. Brokerage fees.  If a broker is involved in the sale of your apartment, sellers are...