One of the most common—and critical—questions NYC buyers ask is whether to purchase a co-op, condo, or townhouse. As Randy Baruh of The Randy Baruh Team at Compass explains, “Each property type offers its own lifestyle, financial structure, and long-term benefits.”
Co-ops dominate classic buildings in Brooklyn Heights, the Upper West Side, and Park Slope. They’re often more affordable but come with board interviews, sublet restrictions, and higher liquidity requirements.
Condos, popular in Tribeca, Chelsea, and DUMBO, allow greater flexibility and easier financing. “Condos appeal to investors, international buyers, and anyone who values freedom,” Baruh says. However, they typically have higher closing costs and common charges.
Townhouses—the iconic brownstones of Cobble Hill, the West Village, and Carroll Gardens—offer complete independence. You own the land and structure outright, with no board approval. “A townhouse delivers privacy and legacy,” notes Baruh, “but you also assume every responsibility.”
Choosing between them requires expert market insight. That’s where Randy Baruh and his Compass team excel—helping clients navigate the nuances of each property type to match their financial goals and lifestyle.