A majority of homes in New York City fall under the management umbrella of a co-op group. This makes it easier for those who live in these units to conduct their day-to-day lives, as co-ops often take care of the maintenance and other tasks than often arise from homeownership.
However, now that co-ops control most apartments in the city, many of them are starting to offer new amenities to stay competitive with one another and attract more buyers, The New York Times reports.
According to the newspaper, many of these amenities include gyms, spas and play areas for children. But a rising trend has a number of these co-ops focusing on more learned New Yorkers, by building libraries for common use.
In these libraries, owners can choose from an array of books, novels and films that a person would normally only find in a public library to find. Instead, now these households will have these selections just a few floors away.
While not all co-ops offer a library as an amenity, it is a growing trend. Since home prices fell roughly 2.9 percent in the Big Apple at the beginning of 2012, investing in a home for sale in New York City could be a profitable investment.
