Co-ops vs Condos in NYC: Which Should You Buy? (The REAL Differences)
Co-ops vs condos NYC - which one should you buy? This decision changes EVERYTHING - your financing, your board approval process, your monthly costs, and even your ability to rent it out later.
In this video I break down every real difference between co-ops and condos in New York City:
• What you actually own (shares vs real property)
• Board approval process (co-ops are intense)
• Financing differences (co-ops require more down payment)
• Monthly costs: maintenance vs common charges + taxes
• Subletting and rental restrictions
• Flip tax (the hidden co-op cost when you sell)
• Renovation rules and pet policies
• SI vs Brooklyn: what's available in each borough
• Which is better for first-time buyers?
📥 FREE Co-op vs Condo Comparison Guide:
https://ranolarealestate.com/coop-vs-...
📅 Book a Free Buyer Consultation:
https://calendly.com/josephranola/
TIMESTAMPS
00:00 Co-op or Condo First
00:29 Why It Matters NYC
00:57 Free Comparison Guide
01:14 Ownership Explained
01:51 Board Approval Reality
02:58 Down Payment Financing
04:15 Monthly Fees Breakdown
05:33 Subletting Rental Rules
06:31 Flip Tax Selling Costs
07:34 Renovations Pets Rules
08:38 Brooklyn vs Staten Island
09:46 Which Should You Buy
10:55 Final Advice Next Steps
Joseph Ranola | Bridge and Boro Team at Real Broker
⭐ 71 Five-Star Google Reviews
Serving Staten Island & Brooklyn
Instagram: @ranolarealestate
Website: https://ranolarealestate.com
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