Milton Coste

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Why Do Co-ops Cost Less Than Condos in NYC?

Nov 5, 2026 0 views 0:15 Short

About This Video

Co-ops usually sell for less than condos in New York City, and the price comes with trade-offs. Co-op buyers usually put 20% to 25% down, compared with as little as 10% for a condo. A co-op board reviews your finances and interviews you; a condo has no board. Renting it out later is up to the co-op board, while condos are flexible. The upside: co-op closing costs are lower, with no mortgage tax and no title insurance. Typical ranges; every building sets its own rules.

The full co-op vs condo guide: https://miltoncoste.com/go/ccc-6

Milton Coste, Licensed Real Estate Associate Broker, Keller Williams NYC, 360 Madison Avenue, 9th Floor, New York, NY 10017. 917.416.7433. Equal Housing Opportunity.

#Shorts #NYCRealEstate #CoopVsCondo

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