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Apartment buildings and multiple-family housing make up a more significant share of the housing stock in the New York City area than in most other U.S. cities as over 75% of apartment buildings in NYC are co-ops. Reasons suggested to explain why cooperatives are relatively more common than condominiums in the New York City area are: [38]
The building formally opened on October 23, 1965, and the first tenants moved in a few days later. [4] [75] Prices for the 238 cooperative apartment units ranged from $17,000 for efficiencies to more than $250,000 for penthouses, and were almost completely sold out by April 1967.
A condop, a portmanteau of the words condominium and cooperative (or "co-op"), is a co-op inside a condo. [3] Stepping back, condominium owners actually hold title to a piece of real estate. Co-op owners are actually shareholder-tenants with shares in and a long-term lease from the co-op corporation. In all co-ops, a corporation owns the building.
A co-op is more like a rental agreement, where you are the tenant and the building owner is the landlord. Your shares do not translate to real property like owning a house or condo does. Instead ...
Pages in category "Apartment buildings in Virginia" The following 12 pages are in this category, out of 12 total. This list may not reflect recent changes.
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Cohousing is an intentional, [1] self-governing, [2] cooperative community where residents live in private homes often clustered around shared space. [3] The term originated in Denmark in the late 1960s. [4] [5] Families live in attached or single-family homes with traditional amenities, usually including a private kitchenette. As part of the ...
Apartment buildings in Virginia (12 P) H. Houses in Virginia (13 C, 4 P) R. Residential buildings on the National Register of Historic Places in Virginia (2 C, 32 P)