What is the difference between a condo and a co-op?

If you are looking to buy in New York City, but you don’t know the city very well, you might not understand the difference between a co-op and condo—or even know that they are in fact very different.

Both types of NYC apartments can look somewhat the same. “You walk into an apartment, the walls look the same, the floors look the same, everything’s the same—it’s an apartment. You would only know if it is a condo or a co-op if someone told you,” says Elizabeth Kee, a broker with CORE.

Click here to read the full article on brickunderground.com.