*Keller Williams is committed to adhering to the guidelines of The New York State Fair Housing Regulations. To view the Fair Housing Notice-Please click here.

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H. To View Please Click Here

Main Content

Condos vs. Co-ops: Understanding the Differences

We frequently get asked the question “What is the difference between condos versus co-ops?” We have broken down the major differences here. Are you thinking about buying, selling or investing in NYC? Reach out today and we would be happy to assist!



  • Generally more expensive
  • You’re purchasing real property
  • Typically only 10% down
  • You’re able to rent out
  • No interview required and approval is quicker
  • Common charges and taxes are paid separately


  • Generally less expensive
  • You’re purchasing shares of a corporation
  • Typically starts at 20% down
  • Subleasing requires board approval
  • More detailed board package is required as well as an interview
  • Taxes are included in the maintenance fees