Actually, with 125 units at the Cliffhouse and 7 currently on the market for sale, that really isn't terrible for this market environment. The Cliffhouse is a terrific complex and extremely well located for proximity to Manhattan and shopping. At 125 units it's not overwhelming in size and is a fully gated community. I really don't think that it's overly impacted by the market.

There are some condominium complexes that are having a very hard time due to high maintenance fees. Being much higher than what is expected will definitely have a negative impact on value. Higher or lower taxes than what you'd expect will also have a corresponding effect on value.

Actually, the Cliffhouse is not too high in either it's maintenance fees or in it's taxes for a complex of that size, If you are talking about something quite large, such as Independence Harbor in Edgewater, then the maintenance fees and taxes are often lower as there are more units to share the cost. However, for a small complex I've always considered Cliffhouse to be relatively fair. For the smaller size and more personalized service, you will always have a slightly higher cost.