Is there any difference in the way the building will be managed and maintained as a condo versus co-op?
The building’s management will not be any different as a condominium. Under the master deed, the condominium association will be responsible for the same common areas that are currently being maintained by the co-op. You as a co-op shareholder or as a condominium owner will still be responsible for the maintenance of your individual unit. Staffing and security and other services will remain identical to those provided currently as a co-op.
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