co-op building
nounUK /ˈkəʊ.ɒp ˌbɪl.dɪŋ/
US /ˈkoʊ.ɑːp ˌbɪl.dɪŋ/
A building where the people who live in it own it together.
My aunt lives in a co-op building where everyone shares the cost of repairs.
OTHER MEANINGS
2. A building owned and operated by a cooperative business or organization.
The farmers store their grain in a co-op building on the edge of town.
3. A residential building in which residents hold shares in the corporation that owns the property.
Buying into a co-op building means you own shares, not the actual apartment.
4. A structure jointly used by members of a group for shared activities.
The neighborhood kids play basketball in the co-op building's gym.