What is the difference between buying a co-op apartment vs. a condominium?

Answer A purchase in a co-operative does not include land or buildings directly. In a condominium, you typically purchase the unit you live in (with its own unique tax parcel number), plus an undivided i... Read More »

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What is the difference between buying a townhouse vs a condominium?

A townhouse is a small house with not alot rooms and a condominium is a bunch of small houses stuck together

What is the difference between a condominium unit and a condominium phase?

A condominium unit is a single unit in a condominium project, whether residential or commercial. A condominium phase is a development period, during which a developer builds, finishes and/or sells... Read More »

Apartment and condominium?

An apartment can be a condominium. This is especially true in major urban areas, such as New York City. Not all condominiums are apartments, however. Technically, one owns a condominium and one re... Read More »

How is a condominium different from an apartment?

A condominium differs from an apartment in that a condominium is usually a little larger, oftentimes as big as a small house. Condos are usually purchased instead of rented.