Is a NYC Co-Op Apartment a Good Purchase

In New York City, co-ops offer a more affordable housing option, with median prices significantly lower than condos across all five boroughs. Despite weaker price growth over five years and potential rising maintenance costs, co-ops provide stability, predictable payments, and easier access for buyers limited by higher-priced alternatives. Demand remains strong, as co-ops tend to sell faster than other property types, but their slower appreciation and risks like ground lease renegotiations may affect long-term investment value.

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