What does 'right of first refusal' mean when you are selling a NYC condo?

… A New York City condo board has limited ways to exercise control over sales … coop board which has much broader authority over deals But condo boards have what is called the right of first refusal This is an option to buy a condo from a seller at the same price as the sales contract …

By Brick Underground |May 16, 2024 - 2:30PM