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Historic co-op apartment buildings with fire escapes in New York City, showcasing classic architecture and affordable housing options

Are NYC Co-ops More Affordable Compared to Condos?  

Yes. NYC co-ops tend to be cheaper than and more affordable than condos on average. According to the Q3 reports, the average sale price of condos was 67% higher than co-ops in Brooklyn and 51% higher in Manhattan. But why are co-ops so much cheaper than condos?

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