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Financial District Offers Choice Between Co-op and Condo

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Imagine you have around $1,200,000 to spend on an apartment and you've narrowed it down to two apartments in the same neighborhood. How do you make up your mind? The answer is simple: you shove them into a metaphorical cage and let them battle it out until one emerges victorious. It's time for Real Estate Deathmatch.

Address 20 Pine Street #814 3 Hanover Square #10F
Price $1,195,000 $1,100,000
Monthly Charges $1,279 (tax abatement expires in 2021) $2,233
Square Footage 1,204 1,400
Beds, Baths 1, 2 2, 2

This one may come down to a simple question: condo or co-op? It may be worth taking a closer look at the two apartments in question anyway, though. 3 Hanover Square, the co-op, is the larger of the two and also contains an additional bedroom. The monthly charges are twice as high, however, due to the fact that 20 Pine Street, douche-ily named "The Collection", has a 421g tax abatement that doesn't expire until 2021. Also, being a luxury condo building in FiDi, it has a swimming pool and gym.

Poll results

· Listing: 20 Pine Street #814 [Town]
· Listing: 3 Hanover Square #10F [Elliman]
· Real Estate Deathmatch archives [Curbed]

20 Pine Street

20 Pine Street, New York, NY