It is easy to confuse the terms "condominium" and cooperative, but they are two very different real estate concepts. Cooperative apartments or coops are somewhat unique to New York City. They exist in other big cities, even in some suburbs, but nowhere are they as large a factor in the real estate market as they are in New York City. In fact, of 13,670 New York City residences listed for sale on the Trulia real estate site recently, 5,784 were cooperative apartments, only slightly fewer than the 6,046 condominiums that were also on the market.
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