Question about lease holds

[Sean Putney]

Hello all, I'm new to Bigger Pockets and to real estate investing at all for that matter. However, I have been looking at a potential property but I am confused by one thing. I'm hoping someone here may give me help me better understand. This given property is for sale for $69,000 leasehold co-op with fee available for almost $299,000. $625 monthly interest on fee conversion loan ends with fee purchase. Where my confusions lie are where it says this is a leasehold co-op with fee available for almost $299,000. Can anyone please explain to me what this is trying to say? Thank you.