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Glossary of Terms Alcove Studio Apartments are one- or two-room apartments with an “L” shaped alcove, which is usually used as a sleeping area. These apartments may be more expensive than a straight studio. Balcony is a small outdoor space generally located off of a living room. Brownstones or Townhouses are often four to six floors and may be single-family homes or multiple-family dwellings. Most were built in the early part of the 20th century and are known for their charm, wood moldings and lovely outdoor space. Junior Apartments are similar to convertible apartments in that they are typically apartments with an alcove adjacent to the living room. Loft Apartments are usually large open spaces with high ceilings and large windows. Many have been converted from commercial properties and seldom have doormen or attended lobbies. Maintenance is a monthly fee that is paid by every shareholder in a Co-op. The money is used to pay the expenses to operate the building, including heating oil, insurance on the building, staff salaries, water and real estate taxes. Post-War Buildings were built from 1950s forward. Most have doormen, elevators and more modern architecture. Pre-War Buildings were built before World War II and generally have large rooms and windows, high ceilings and hardwood floors. These can be doorman or non-doorman buildings. Studio Apartments are one or two rooms that combine the sleeping and living areas. Terrace is a much larger outdoor space than a balcony and is usually found in penthouse apartments or apartments that are set back. Terraces add a significant amount to the purchase price. Walk-Up Buildings are no more than five stories high and do not have elevators or doormen. |
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