Home Buying in 11231>Question Details

Karen, Home Buyer in Brooklyn, NY

Does a coop maintenance fee include utilities such as heat and water?

Asked by Karen, Brooklyn, NY Sat Feb 9, 2008

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Hi Karen,

Most co-ops roll heat and hot water into the maintenance charge. Also, the maintenace will always include taxes. If you are interested in seeing the breakdown, ask the co-op for the previous year's financial statements. If you are interested in learning more, you should pick up a copy of Sylvia Shapiro's New York Co-op Bible. It's a great read and very informative.

Regards,

Jim
Web Reference: http://www.FromTheStoop.com
2 votes Thank Flag Link Sun Feb 10, 2008
Sometimes. Be sure to ask the questions when seeing a co-op...sometimes they include tax as well. Ask what percentage of the co-op is tax deductible...that will give you the tax answer.
Web Reference: http://GailGladstone.com
0 votes Thank Flag Link Sat Feb 9, 2008
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