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Co op Apartment Boom Expands Beyond New York City
The census signals shifts within cities toward luxury co op rentals and a revival of tenant owned buildings. New York leads wartime conversion to co ops with 140 projects planned or under way nationwide. Tax savings and stable occupancy are cited plus the social status appeal, though down payments and stock sales complicate exits.
MENTIONED IN THIS ARTICLE
New York
New York City
Coop
Building Corporation
Douglas L. Elliman
Chicago
Miami
Boston
Tulsa
San Francisco
Los Angeles
Kansas City
Louis
Detroit
Mikwenukee
Philhadelphia
Hawaii
Elliman