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After several years of negotiations where the club attempted to negotiate the purchase of its space, the co-op board listed the club's space for sale as a private residence. Featuring approximately 62,000 square feet (5,800 m 2), five floors and a private entrance, the board set an asking price of $130 million. If the asking price is met, it ...
By the end of that year, a third of condo purchases had been finalized, though some tenants immediately sought to resell their condos. [84] Several units were listed for $80 to $90 million, far more than what their owners had paid; [85] [86] at the time, the most expensive residence ever sold in New York City was a $53 million townhouse. [85]
Townhouses and apartments which are owned in the condominium form of ownership are often referred to as "condominiums" or "condos". Court: high-density slum housing built in the UK, 1800–1870. Two or more stories, terraced, back-to-back, around a short alley at right angles to the main street. Once common in cities like Liverpool [8] and Leeds.
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Each owner-tenant directly owns their own apartment; the rest of the building and the ground on which it stands is owned jointly by the apartment owners, who execute their joint ownership through an owner's association. The expenses of maintaining the joint property are shared pro rata among the owners.
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A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents. [1]
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