Before entering your quest for a new apartment, you should consider some basic concepts regarding your situation. Are you in the market to rent or buy? If you choose to buy, what is the best arrangement for you? Many apartments in New York, and other large metropolitan areas are co-ops. Co-ops are buildings in which the residents own shares of a corporation which owns the building. Apartments for sale are commonly referred to as condominiums. Condos are owned by individuals and residents of
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