What is "condop"

n. 1 A condominium with at least one unit being controlled by a residential/housing co-op board. 2 (context misuse English) A co-op that behaves like a condominium.

The term condop in real estate refers to a mixed-used condominium building where at least one of the units is owned by a cooperative corporation and sub-divided into many "co-op" apartments. The other condo units are typically retained or sold separately by the developer and may be retail space, office space or parking garage.