What is a co-op?
Written By: Erik J. Martin | Featuring: Scott M. Smiler | Partner at Gallet, Dreyer & Berkey LLP
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What if you could own shares in a residence, just as you can own shares on the stock market, but also be allowed to live in that residence? This is possible when you buy into a co-op, also known as a housing cooperative. If you’re in the market for a condo purchase or apartment rental, you might also be considering purchasing shares in a co-op. Co-ops offer some advantages over condos and other housing options, but they also have their drawbacks.
Scott M. Smiler
For the past two decades, Scott's practice has focused primarily on transactional real estate matters — Cooperative and Condominium Board Representation; Buying and Selling of Properties; Commercial Leasing and Neighbor Access Agreements.
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