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Manhattan Buyers Showing Increased Interest in Condos Overs Co-ops

More and more high-end buyers are preferring condos, and are willing to pay extra for them. “Condominiums as compared to co-ops are a superior asset class,” said Beth Fisher, senior managing director at Corcoran Marketing Group. Condos have “outperformed co-ops in appreciation, allow for greater flexibility of ownership use, and there’s no shared liability for underlying debt or obligation as there is in a co-op.”

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