Bricktionary

… you should watch out for when you sell a flip tax if you live in a coop or a transfer fee if you live in a condo … selling the units to make a quick profit  Today they are mostly used to raise revenue for coop buildings instead of … version of this article was published in October of 2018 We are presenting it again with updated information for …

… rent the land from someone else These are called landlease or groundlease buildings yet another quirk of NYC real … because of the different ownership structures In a coop you only own a percentage of the shares and not the property … you are actually getting a deed So technically a condo cannot sell units if it doesnt own the land though …