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What Is a Co op? What Is a Co op Apartment in NYC? - Hauseit One of the first questions home buyers have when they start searching for an apartment in New York City is what is a co op? To be more specific, what is a co op apartment in NYC? We’ll explain in this article what is a co op and how this very unique form of living came to be so prevalent in New York City What Is a Co op in NYC?
Co-Op Apartments in New York City: A Buyers Guide | StreetEasy In a NYC co-op, the building itself is considered a corporation Every apartment “owner” is actually a shareholder in the corporation The number of shares owned differs depending on the apartment Typically, the bigger the apartment, the more shares it represents
Cooperative - Wikipedia A cooperative (also known as co-operative, coöperative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise " [1]
What are Co-Ops, and Why are They So Popular in NYC? When you buy a unit in a co-op, you purchase a certain number of shares in the corporation Typically, the larger the apartment is, the more shares you receive Therefore, residents with larger apartments have more clout than those with smaller ones Every shareholder must pay a monthly maintenance fee to the board
List of New York City housing cooperatives - Wikipedia A partial list of housing cooperatives in New York City Dunbar Apartments, built by John D Rockefeller Jr in 1928 as a housing cooperative to provide housing for African Americans Bankrupt in 1936 and taken over by Rockefeller Sponsored by Amalgamated Clothing Workers of America, Architects Springsteen and Goldhammer, Herman Jessor
Condominium (condo), Cooperative (co-op), Townhouse - NEW YORK HOME A cooperative (co-op) is a type of corporate ownership of property, in which the stockholders (shareholders) are entitled, by reason of a proprietary lease, to the exclusive use of a certain dwelling unit of space