Home Buying in 10468>Question Details

Rasheem Green, Home Buyer in Bronx, NY

how much could maintenance cost, on a co-op that only costs $50,000?

Asked by Rasheem Green, Bronx, NY Sun Mar 10, 2013

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Answers

3
Hi Rasheem,

As mentioned below, the price of the coop has nothing to do with the maintenance. The maintenance depends on the financial of the building. It also depends on the features of the apartment, amenities and how many share it comes with. Is there a specific unit you want info on?

John Lajara
REALTOR®/Notary Public
Certified Buyer Representative (CBR)
Cell: 917-848-4655
Fax: 917-522-9638 http://www.JohnsRealtySuccess.com
john25lajara@yahoo.com
EXIT REALTY SEARCH | 3928 E. Tremont Ave | Bronx | NY | 10465

Visit me on Trulia & Zillow http://www.trulia.com/profile/johnlajara
& http://www.zillow.com/profile/john25lajara
0 votes Thank Flag Link Tue Mar 12, 2013
Hello,

It all depends on the location of the unit and how the management company manages the formula for the maintenance. Depending on what new tax laws have to say it can also impact the maintenance of your co-op. Give me a call and I can go over some more details about how the maintenance cost works with co-ops.

All the best,
Antonio Sanchez
Exit Realty Search
3928 E. Tremont ave
Bronx, NY 10465
CELL: 347-320-0673
BUS: 347-202-4965
SANCHEZEANTONIIO@GMAIL.COM
http://WWW.EXITREALTYSEARCH.COM
0 votes Thank Flag Link Mon Mar 11, 2013
Rasheem,

The purchase price of a co-op has nothing to do with the amount of the monthly maintenance cost. Based on the information you provided in the 10468 zip codes there are two units for sale in this area, one unit is a studio (maintenance is $551) and the other unit is a 1 bedroom unit, but it is under contract.

In a nutshell, the monthly maintenance charges varies from one development to the next because each development maintenance is has different components, in most developments the monthly maintenance charges includes, your shares vs the total shares of the development (the maintenance is calculated on the size of the unit), property taxes, water, heat, grounds keeping/maitenance. In some instances the coop may have a higher monthly maintenance charges because it includes basic cable, gas or electric.

If you are not working with an agent, please consider doing so, you do not pay a fee unless otherwise agreed to.

Nirmala Caraballo
Licensed Real Estate Agent
Cruse Realty
Tel.: 646-479-7873
Email: nhcaraballo@yahoo.com
0 votes Thank Flag Link Mon Mar 11, 2013
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