If you’ve ever looked for real estate for sale or rent in New York City, you’ve surely seen that there are a lot of choices when it comes to housing options. It’s understandable how it can be confusing to assume what each type represents. However, it is crucial to know what those housing types are so that you can choose the one that is the most suitable for your lifestyle, preferences, and budget.

Since AA Real Estate firm in New York City has numerous housing options in its offer, this team has decided to explain and describe all of them and assist you in deciding which one to rent or buy. 

Here’s the ultimate guide to understanding NYC real estate options!

1. Co-ops and/or Condos

Co-ops make the majority of New York housing (more than 75%). Wondering “what’s the difference between a co-op and a condo?” Well, first and foremost, buying a co-op means buying your share of the building and not only an apartment. This means that you have a share in a corporation that owns the building. With condos, you’re the owner of only that property, with the right to use other shared spaces in the building (laundry room, basements, rooftop, etc.). 

While co-ops are a more stable investment than condos, the process of buying them is much more complex. Why? Because you need to have an interview with the building board that gets to decide whether or not you are the right person to be the owner of the share. They will take into account your lifestyle, job, reputation when it comes to real estate in New York, etc. That’s why international buyers find purchasing a co-op as a foreigner extremely difficult and sometimes even impossible. Still, buying a co-op is more affordable than buying a condo in NYC. 

2. Studio

The majority of people who look for studios for rent in New York are students or people with a lower income. This type of property includes only one room that’s both living and sleeping area, with a kitchen and full bathroom. The majority of studio apartments near NYU or Columbia University are small and suitable for one person. Of course, there are also large studios in New York that often include a nook where you can eat or work. If you’re a minimalist who prefers having everything in only one room, studio property is the best solution, and AA Real Estate agents near you offer a wide variety of choices in every neighborhood.

3. Loft

Lofts are chic apartments in the buildings that were once used as warehouses. A lot of those properties got remodeled and adapted to residential buildings. Young people often dream about buying a loft in NYC, especially now that industrial-style architecture has become very popular. 

The reason why lofts are suitable for everyone is the space they offer. High ceilings, large windows, open-plan layout, and spacious rooms give enough freedom to everyone. Many of the owners decide to leave exposed brick and steel construction as part of the decor. So, if you’re someone who loves trends and enjoys large, open spaces, AA Real Estate company in your vicinity is there to find you a perfect New York loft for rent or sale.

4. Duplex Apartments

This type of property offers much-needed privacy and the illusion of a small house. The layout of the duplex usually means having two separate units – the living unit on the bottom floor and the sleeping area on the top floor. NYC duplex apartments are often luxurious and high-end properties that are popular among couples with 1-2 children, depending on the size of the family. 

5. Garden Apartments

Having a garden in New York? Yes, it’s possible! Shared garden and patio spaces are becoming more popular, especially in Brooklyn. Those buildings are usually smaller and consist of a few apartments with families. Garden apartments are very popular among people who are used to living in townhouses in suburban areas and are looking for a bit of that freedom and green areas even when looking for brownstone properties for sale in Queens, the Bronx, etc.

6. One-Bedroom, Two-Bedroom (…) Apartments

The name says it all with this type of property. Depending on the number of your family members, you’ll find a plethora of different NYC apartments near Central Park, Hell’s Kitchen, Astoria, Williamsburg, etc. Consult the nearest realty experts, AA Real Estate NYC, and have everything taken care of thanks to the most professional and experienced team of housing agents.

7. Railroad Apartments

Straight floor apartments, or railroad apartments, are usually found in older buildings that were previously known as tenements. The main characteristic of these apartments is that there is no hallway – you pass through one room to go to the other, or even go through the bedroom and kitchen to arrive at the bathroom. Not everyone is a fan of this layout, but it does offer that vintage feel seen in the movies.

8. Floor-Through

If you’re looking to buy a large apartment in the NYC area that offers a bit of privacy, floor-through properties are the ideal choice. You’ll have the entire floor of the building for yourself and enough space, even for a large family. This is a perfect option if you need peace and quiet and have a bad experience with next-door neighbors. 

9. Penthouse

Penthouses are apartments located on the top floors of high-rise buildings. The most luxurious ones are always on the rooftop, with private gardens and very often rooftop pools. Do you like luxurious properties with breathtaking views of the NYC skyline? Fancy, deluxe New York penthouses are the right choice for you! AA Real Estate office in Midtown Manhattan is there to assist you in finding the penthouse of your dreams in the neighborhood that will be suitable for your style of life while providing the most amazing views. 

10. Townhouse

For families with kids who enjoy the peace and quiet of suburban life that’s still close to all of the main attractions that NYC offers, buying a townhouse in Queens or any other neighborhood outside Manhattan is the best decision. You’ll get the privacy, green, large garden, and friendly community to enjoy. AA Real Estate agents close to your location pride on the townhouse offers all-around NYC. 

Give us a call and organize showings according to your schedule so that this team can assist you in finding the New York property for sale or rent of your dream!