New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

CO-OP/CONDO BUYERS


WHAT CO-OP/CONDO BUYERS NEED TO KNOW

Apartment Owners and Buyers: 

Buying a NYC co-op or condo apartment is one of the biggest investments you'll every make. This purchase is more than just buying a home, it's investing in a housing corporation. Articles, here, will help you understand what your investment really means, and how to make a safe one.
Plus, get check out: 
The Co-op/Condo Owner's Manual

In Manhattan, 63.4% of sales in the first quarter were all cash, the third-highest in a decade.

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Sales declined, but prices jumped by 18.4% in the first quarter of 2024.

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National Association of Realtors settlement will lower broker commissions across the board.

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Most are set at 1% or 2% of the sale price, but there's a lot of wiggle room.

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Cash sales accounted for 63% of deals closed, thanks to high interest rates.

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In a first, rent-stabilized apartments are converting to affordable co-ops — forever.

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Even if inflation continues to cool, shortage of apartments for sale will take years to correct.

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Lower broker commissions will mean lower closing costs for co-ops and condos. 

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Unit-owners learn that $6 million apartments are not immune to construction flaws.

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Return of property tax exemption could revive multifamily housing construction.

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Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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