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(redirected from Cooperative (real estate)) Also found in: Wikipedia. a form of cooperation in which the members are united for joint construction and use of housing units. The housing cooperative originated under capitalism as an expression of the struggle of working people against the housing shortage.
For those of you looking to buy, or simply for those of you looking to understand more about the housing industry in the city, here is a breakdown of the most popular forms of home ownership in New York City: Cooperative. Roughly 75 percent of the Manhattan housing inventory is comprised of co-ops. Unlike a condo, co-ops are are owned by a corporation. This means, when you buy an apartment that is in a co-op building, you are not actually buying real property (like you would in a condo). You are in fact, buying shares of the corporation.