Condominium (Condo): Each unit is a separate ownership
Owners & Investors：
Each unit owner has a Deed and free to rent out or sell.
Property Tax (R.E. Tax) is paid by each Buyer.
Prices are higher than Co-op.
Co-op: All units are owned by a corporation
Unlike a Condo, Co-ops 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.
Property Tax (R.E. Tax) is included in the Maintenance fee and pay to the Co-op board.
Co-ops are run by a board of directors. It not only collects monthly maintenance fees and uses it to maintain the property, but it also decides who can live and rent the Co-op.