For which property type will the appraiser provide a value for owner shares of a corporation?

The correct response is the unit in cooperative housing because in cooperative housing, residents do not own individual units outright. Instead, they own shares in a corporation that owns the entire building. The value of an individual owner’s shares reflects their proportion of ownership in the cooperative and gives them the right to occupy a specific unit.

In this context, the appraiser is tasked with determining the market value of the shares that the owner holds, as it is the shares that represent their investment and entitle them to occupy their unit. This practice is specific to cooperative housing and is distinct from other property types like single-family residences, commercial real estate, or vacant land, where ownership is typically straightforward and does not involve shares in a corporation.