05/31/2026
Co-op vs. Condo: What’s the Difference?
If you are buying in New York City, this is one of the first decisions you will face.
A co-op means you own shares in the building, not the apartment itself. You will need board approval to buy. Prices are often lower, monthly fees tend to be higher, and subletting is usually limited.
A condo means you own real property with a deed in your name. There is no board approval, which makes it easier to buy and sell. Prices run higher, but you gain more flexibility, including the freedom to rent it out, which appeals to investors.
The right choice comes down to your goals.
Thinking it through for a move in Manhattan, Brooklyn, or the Hamptons? I will prepare a personal CMA and my exclusive Compass Collections so you can compare real options side by side.
Tyler Schaeffer
917-975-6005 | [email protected]
compass.com/agents/tyler-schaeffer