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DOM PASCUAL, J.D., ESQ.
ASSOCIATE REAL ESTATE BROKER
"We combine excellence with intelligence."
Green Homes NYC
New York, NY, 10001
Cell: (631) 741-2764
Facebook Profiles: Dom Pascual; Manhattan Broker
*Disclosure: I am a tenant's broker, I work for you not the management or landlord!*
** All information contained herein does not constitute any warranties, offer or commitment or obligation of any sort and/or kind whatsoever and is subject to change, error, omission and/or withdrawal without prior notice. **
The easiest answer has already been given to you below. However if you have a price range in mind, and a certain style of building, either new construction, modern 80s, 70s, 60s, 50s, pre-war, etc., and amenities, you can begin to get an idea about what a reasonable maintenance price is for you and your budget. You should also keep in mind that maintenance always goes up, due to inflation, taxes, and other economic factors. The apartments that have lower maintenance tend to sell for higher prices per square foot, and the opposite is true for those apartments with higher monthly maintenance. Then you have to consider whether you want to pay less up front, have more money in your pocket, and pay more per month for your maintenance, or pay a higher sales price up front, and less monthly maintenance.
Let me also make you aware of something that you may not already know... if you have been or plan on looking at apartments, and you are doing your research and responding to listings you find on the Internet, New York Times, etc., you are in fact responding to ads that are placed by the Sellers' Brokers. The primary goal of a Seller's Broker/Agent is to sell the properties that they are representing, for as much money as possible. They have taken this role by way of a contract that they sign with the seller, to market and represent their properties. A Buyer's Agent is someone who will represent you, and only you, in order to help you save time and money, while narrowing your apartment search to find your dream apartment.
To learn more about the important differences between Sellers' and Buyers' Agents, you can find info at the DOS link, halfway down on my website's home page: http://www.manhattan-condos-for-sale.com/Home.New-York-Apart
If you have any additional questions, you may feel free to contact me... I am happy to help.
Senior Real Estate Sales Associate
I would refer you to my buddy, real estate expert & appraiser Jonathan Miller- if anyone would know it would be him!