Choosing to buy in a land lease building is ultimately a trade-off between cost and risk.When it comes to those enticingly low price apartment such as those in LIC's CityLights building or NYC's Carnegie House, there's something your agent should advise you on.

According to Wikipedia, " A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise".