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It began as a rental apartment complex but was converted to condominiums in 1980. It contains a mixture of condominiums, retail, and office space, including 1,075 apartments. The brutalist-style [ citation needed ] complex was designed by Gruzen & Partners [ 2 ] and developed by Prudential Insurance Company.
Membership in a condo is obtained by buying the shares on the open market, most often through a real estate agent. No board approval is needed to buy shares, but in some cases other stockholders or the housing cooperative itself has the right to claim the stocks being sold. There is usually no requirement for the owner(s) to live in the condo.
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
New houses under construction off Buckley Road, late 2005. Under the direction and influence of John W. Herbert, [56] Marlboro was established as a township by an act of the New Jersey Legislature on February 17, 1848, formed from portions of Freehold Township. [22]
Also, later in a building's life after conversion, major new investments required to repair or replace building systems can be raised by a new central mortgage in a cooperative, while in a condominium funds could only be raised by onerous assessments being required of each individual unit owner. However, New York's condominium law was amended ...
This is a list of the 100+ largest extant and historic houses in the United States, ordered by area of the main house. The list includes houses that have been demolished, houses that are currently under construction, and buildings that are not currently, but were previously used as private homes. [1]