newyork.localmean.com/condop
Condop
KON-dop
Local meaning
A New York building structure that combines condominium ownership for part of the property with a cooperative corporation owning another portion, often the residential apartments.
A common condop arrangement places commercial or separate building components in condominium units while residents buy shares in a cooperative that owns the residential condominium unit. Listings sometimes use condop more loosely for co-ops with flexible rules, so legal documents matter more than marketing language.
Example in context
- “The listing called it a condop, but the attorney reviewed whether the apartment itself was cooperative or condominium ownership.”
How it is used
A particularly New York real-estate term reflecting complex mixed-use ownership structures.
neutral, technical, real-estate-specific
property listings, legal review, mixed-use buildings
A particularly New York real-estate term reflecting complex mixed-use ownership structures.
Do not rely on the label alone. Confirm the exact ownership interest, governing documents, board authority, taxes, and financing requirements.
Spelling and scope
A particularly New York real-estate term reflecting complex mixed-use ownership structures.
- Search forms
condop meaning NYCNew York condop apartmentcondop vs condo vs co-op
LocalMean keeps common search spellings discoverable without claiming that every borough, community, or generation uses one written form.
Frequently asked questions
Is a condop a hybrid apartment you partly own?
Not usually in that simple sense. The building combines condominium and cooperative structures, while a resident’s apartment interest may still be cooperative shares.
Why do some listings call flexible co-ops condops?
The term is sometimes used informally in marketing, which is why buyers should verify the legal structure.
Read next
All words →Evidence and further reading
These sources support the regional association, dictionary sense, or broader spread. The entry remains open to correction from New York speakers and qualified reviewers.
- Cooperative and Condominium Property Tax AbatementNew York City Department of Finance
Official New York City context for cooperative and condominium property structures, eligibility, and ownership terminology.
- Geographic Variation in Slang SemanticsarXiv
Research showing that slang meanings and associations vary by geography and community.