You may have to go to city hall and investigate how much is the assessment of the property. Many times owners do repairs and alterations without proper permits and when the property is sold, the new buyers might have to pay for fines for these repairs/alterations.
I would really recommend you to do your due diligence and investigate what was filled in the record. Hope this answer helped you.
Exit Realty Search
3928 E. Tremont Avenue
Bronx, NY 10465
Office: 347- 202- 4965
Mobile: 347- 338-8641
1) Has just finished an assessment
2) Has a current assessment
3) The board is currently debating having an assessment.
The fact is that living on the beach is expensive and like any other type of real estate there are constant costs to repair and maintain any property.
Do your due diligence and enjoy living at the beach.
Any questions feel free to reply.