New York City was the first city in the United States to establish the idea of co-ops. Two architects built the Randolph on West 18th Street in 1876 which was the start of similar projects, known as “home clubs.”
These home clubs were owned by stockholders and the purpose was to provide wealthy people home ownerships without all the responsibilities. The term “cooperatives” or co-op was coined at the turn of the century.
The premise of buying a Manhattan co-op remains pretty much the same now. According to a 2010 … (0 comments)
Which is the “better” buy in Manhattan?
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