Owning a condominium entails sharing ownership of the building's common areas and amenities in addition to having a specific unit inside a larger residential or mixed-use structure. This is a basic overview of owning a condominium, which includes both individual unit ownership and association membership. The Chairman and CEO of the Naftali Group, Miki Naftali, designed the condominiums at 49 EAST 21 ST. It features huge windows, well-thought-out kitchens and bathrooms, and cognac oak floors. The condominiums are 11–13 feet high. A diverse range of renters are drawn to the well-remodeled pre-war foyer and the unique storage flats who benefit with individual unit ownership and association membership.