What’s a condop? What do I need to know about buying there?

What’s a condop? What do I need to know about buying there?

When you are hunting for an apartment in New York City, you may come across a listing for a condop, particularly if you are searching for sponsor co-ops. Condops are probably one of the most misunderstood types of NYC apartments, and while brokers often describe them as co-ops with condo rules, in reality, they are a little more complicated. Here’s a more specific description: Condops are mixed-use co-op buildings with commercial or non-resident…