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Condop
The term condop in real estate refers to a mixed-use condominium building where at least one of the units is owned by a cooperative corporation and sub-divided into many "co-op" apartments. The other condo units are typically retained or sold separately by the developer and may be retail space, office space or parking garage. History Condops first came into use in the 1960s when the residential condominium was not yet popular in major cities, particularly in the United States in New York City, New York. This structure was used to separate the residential component from the commercial components of a building. Developers or co-op sponsors sought to retain ownership of the more lucrative non-residential spaces in a building, whilst also minimizing taxes on non-residential income.Cohen, Marjorie (April 2, 2013)"Condops demystified: What they are, why you should care--and how to find one?" '' Brick Underground''. The condop is still a relatively rare item in the U.S. As of 2007, N ...
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Condominium
A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners. These individual units are surrounded by common areas that are jointly owned and managed by the owners of the units. The term can be applied to the building or complex itself, and is sometimes applied to individual units. The term "condominium" is mostly used in the US and Canada, but similar arrangements are used in #By country, many other countries under different names. Residential condominiums are frequently constructed as apartment buildings, referred as well as Horizontal Property. There are also rowhouse style condominiums, in which the units open directly to the outside and are not stacked. Alternatively, detached condominiums look like single-family detached home, single-family homes, but the yards (gardens), building exterio ...
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Housing Cooperative
A housing cooperative, or housing co-op, is a legal entity which owns real estate consisting of one or more residential buildings. The entity is usually a cooperative or a corporation and constitutes a form of housing tenure. Typically housing cooperatives are owned by shareholders but in some cases they can be owned by a non-profit organization. They are a distinctive form of home ownership that have many characteristics that differ from other residential arrangements such as single family home ownership, condominiums and renting. The cooperative is membership based, with membership granted by way of a share purchase in the cooperative. Each shareholder in the legal entity is granted the right to occupy one housing unit. A primary advantage of the housing cooperative is the pooling of the members' resources so that their buying power is leveraged; thus lowering the cost per member in all the services and products associated with home ownership. Another key element in so ...
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The Forum At 343 East 74th Street (Manhattan, New YorkCity) - Penthouse Floors
The Forum at 343 East 74th Street is a 25-story residential condop building located on the Upper East Side in New York City. The building is located midblock between First Avenue (Manhattan), First and Second Avenue (Manhattan), Second Avenue on 74th Street (Manhattan), 74th Street. The building, which was completed in 1986, was opened to residents in 1987 and comprises 148 apartment units ranging in size from studios to three-bedroom apartments. This does not account for apartment combinations. The building The Forum, which was designed by architect Elliott Vilkas, is often noted from a distance for its pronounced sloping Curtain wall (architecture), curtain wall on the building's south side. The sloping glass wall was designed to provide optimum light for the duplex and triplex units that occupy the top floors. The building's massing is also noted as unique for a midblock building, with roughly half of its frontage set back to create a small plaza along 74th Street featuring ...
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Condominium
A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners. These individual units are surrounded by common areas that are jointly owned and managed by the owners of the units. The term can be applied to the building or complex itself, and is sometimes applied to individual units. The term "condominium" is mostly used in the US and Canada, but similar arrangements are used in #By country, many other countries under different names. Residential condominiums are frequently constructed as apartment buildings, referred as well as Horizontal Property. There are also rowhouse style condominiums, in which the units open directly to the outside and are not stacked. Alternatively, detached condominiums look like single-family detached home, single-family homes, but the yards (gardens), building exterio ...
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Housing Cooperatives In The United States
A housing cooperative, or housing co-op, is a legal entity which owns real estate consisting of one or more residential buildings. The entity is usually a cooperative or a corporation and constitutes a form of housing tenure. Typically housing cooperatives are owned by shareholders but in some cases they can be owned by a non-profit organization. They are a distinctive form of home ownership that have many characteristics that differ from other residential arrangements such as single family home ownership, condominiums and renting. The cooperative is membership based, with membership granted by way of a share purchase in the cooperative. Each shareholder in the legal entity is granted the right to occupy one housing unit. A primary advantage of the housing cooperative is the pooling of the members' resources so that their buying power is leveraged; thus lowering the cost per member in all the services and products associated with home ownership. Another key element in so ...
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Building
A building or edifice is an enclosed Structure#Load-bearing, structure with a roof, walls and window, windows, usually standing permanently in one place, such as a house or factory. Buildings come in a variety of sizes, shapes, and functions, and have been adapted throughout history for numerous factors, from building materials available, to weather conditions, land prices, ground conditions, specific uses, monument, prestige, and aesthetic reasons. To better understand the concept, see ''Nonbuilding structure'' for contrast. Buildings serve several societal needs – occupancy, primarily as shelter from weather, security, living space, privacy, to store belongings, and to comfortably live and work. A building as a shelter represents a physical separation of the :Human habitats, human habitat (a place of comfort and safety) from the ''outside'' (a place that may be harsh and harmful at times). buildings have been objects or canvasses of much architecture, artistic expression. ...
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New York City
New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive with a respective county. The city is the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the United States by both population and urban area. New York is a global center of finance and commerce, culture, technology, entertainment and media, academics, and scientific output, the arts and fashion, and, as home to the headquarters of the United Nations, international diplomacy. With an estimated population in 2024 of 8,478,072 distributed over , the city is the most densely populated major city in the United States. New York City has more than double the population of Los Angeles, the nation's second-most populous city.
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New York (state)
New York, also called New York State, is a U.S. state, state in the northeastern United States. Bordered by New England to the east, Canada to the north, and Pennsylvania and New Jersey to the south, its territory extends into both the Atlantic Ocean and the Great Lakes. New York is the List of U.S. states and territories by population, fourth-most populous state in the United States, with nearly 20 million residents, and the List of U.S. states and territories by area, 27th-largest state by area, with a total area of . New York has Geography of New York (state), a varied geography. The southeastern part of the state, known as Downstate New York, Downstate, encompasses New York City, the List of U.S. cities by population, most populous city in the United States; Long Island, with approximately 40% of the state's population, the nation's most populous island; and the cities, suburbs, and wealthy enclaves of the lower Hudson Valley. These areas are the center of the expansive New ...
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Brick Underground
A brick is a type of construction material used to build walls, pavements and other elements in masonry construction. Properly, the term ''brick'' denotes a unit primarily composed of clay. But is now also used informally to denote building units made of other materials or other chemically cured construction blocks. Bricks can be joined using mortar, adhesives or by interlocking. Bricks are usually produced at brickworks in numerous classes, types, materials, and sizes which vary with region, and are produced in bulk quantities. ''Block'' is a similar term referring to a rectangular building unit composed of clay or concrete, but is usually larger than a brick. Lightweight bricks (also called lightweight blocks) are made from expanded clay aggregate. Fired bricks are one of the longest-lasting and strongest building materials, sometimes referred to as artificial stone, and have been used since . Air-dried bricks, also known as mudbricks, have a history older than fired bric ...
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The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ...
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Habitat (magazine)
''Habitat'' is an American real estate magazine founded in 1982 and aimed at co-op boards, condominium associations, and related professionals such as attorneys and managing agents. The print magazine concentrates on the greater New York City metropolitan area while its Web site contains features for general-interest co-op/condo directors, residents, and buyers/sellers. Publication history Journalist Carol J. Ott founded what was then titled ''N.Y. Habitat'' in New York City in 1982, for a primary audience of co-op and loft owners/renters. The magazine had evolved from Ott's 1980-82 newspaper, ''The Loft Letter''. Originally bimonthly, in 1997 the publication schedule increased to 11 times yearly, with one double-issue. As of 2016, Ott remains publisher and editor-in-chief. The Associate Publisher is Bill Fink and the Operations Manager is Leslie Strauss. Editorial and art ''Habitat'' publishes both human-interest feature stories, such as how a co-op board avoided a financial c ...
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