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Top Five Co-ops That Are Currently For Sale In The Big Apple

Buying a co-op means an opportunity to own relatively cheap real estate in the Big Apple.

By Team Agorafy January 20, 2017

Oh, the ordeal of getting approval from a coop admissions committee. This notorious process is rigorous, painful, and makes you question your own sanity. We at Agorafy wouldn’t wish that on a worst enemy. Dealing with co-op boards means torture. It also means—when and if you manage to get that approval—an opportunity to actually own real estate in the Big Apple. You see, NYC co-ops are significantly cheaper than, say, apartments or condos. And by “significant,” we mean half the price.

RelatedBidding Wars Decline And Sanity Returns To The Manhattan Condo Market

We know, we know, technically, you don’t “own” a co-op—you get a proprietary lease. That means, if there is any legal issue, the court will view and treat you as a tenant. In the same time, co-op is harder to exit. There are lots cons of buying this type of property—but there are pros, too, the price being the most important factor. So do talk to your real estate agent first before embarking on a full-scale co-op hunt.

Meanwhile, we at Agorafy browsed through the co-ops for sale listed on our platform and cherry picked the best ones. We also compared prices on these co-ops and similar-sized condos in the same areas. And, might we say, the differences in numbers are truly stunning. Here comes—Agorafy’s top five list of co-ops for sale.

RelatedFive Reasons A Co-op May Be A Better Buy Than A Condo

 

Greenwich Village / 40 East 10th Street

2 BR | $2,550,000   |   Same-size condo in this area: $3,675,000              

 

Lower East Side / 475 FDR Drive

2 BR | $499,000   |   Same-size condo in this area: $829,000

   

 

Murray Hill / 117 East 37th Street

Studio | $399,000   |   Same-size condo in this area: $819,000

 

Chelsea / 4 West 21st Street

2 BR | $1,999,000   |   Same-size condo in this area: $4,500,000

 

Harlem / 1901 Madison Avenue

2 BR | $350,000   |   Same-size condo in this area: $899,000

 

 

Team Agorafy

ABOUT THE AUTHOR Team Agorafy

ABOUT THE AUTHOR Team Agorafy

Our mission is to be the most accurate resource for commercial listings, residential listings, and property information, allowing users to make highly-informed decisions based on current market data.

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