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Market Rate Pricing

Becoming a member of a co-op is different from either renting an apartment or buying a condo.

In a co-op, you purchase a share of the co-op corporation. The cost of the share is based on the size of the unit. The share entitles you to occupy a specific unit at a specific monthly cost. This monthly cost covers your portion of the mortgage, insurance, taxes, reserves, common utilities, and maintenance. There is no other "association" type due.

Co-ops enjoy the same tax benefits as traditional ownership.