025 Condops: There really is such a thing

025 Condops: There really is such a thing

So you’re looking to own in NYC and you’ve heard of co-ops and you’ve heard of condos and there are also townhouses for the right budget, but then you come across another type of property. It’s called a condop and you think what is that? Well...


So you’re looking to own in NYC and you’ve heard of co-ops and you’ve heard of condos and there are also townhouses for the right budget, but then you come across another type of property. It’s called a condop and you think what is that? Well only in NY or maybe somewhere else who knows but we have properties that are called condops. In our discussion last week we talked about land lease buildings and often the property type with a land lease is a condop. We are going to break down the pros and cons of this unique property type and help you determine if this is the best for you or not.

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