Co-Op Purchase Opportunity Question

[Sandi H]

Hi, I have just come across an opportunity to invest in a "Co-op" I am not familiar with investing at all, so this is where I need help to find out if this is a great deal, good deal, or not a deal at all. They are asking 7K to purchase a share, with monthly payments of $732 for the next 5 years. Eventually the co-op , which are now townhomes will become condo ownership. In 5 years I will have the choice of purchase for below market value (of about $40-50K) and I also have the right of refusal to buy or sell my share. So could someone please tell me is this something that I should invest in as a starter investor? Thanks for your input!