[Big Ed]

And also to your original post....the coop would be responsible for paying the property taxes, but don't think for a second that they aren't billing the shareholders for that. There's no free lunch...although the coop *may* be overfunded at the moment so the owners have in effect, prepaid that tax.

Changing from a coop to a condo will not impact the market value of a unit in the least. Not a reason to buy. Make sure it is otherwise a sound investment.