Property Q&A in Kips Bay>Question Details

Ivana Lovinc…, Home Buyer in New York, NY

What is he monthly maintenance?

Asked by Ivana Lovincic, New York, NY Sun May 19, 2013

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This question was asked from this property: http://www.trulia.com/property/3098802782-Coop-New-York-NY-10016#

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2
The maintenance is $1,009.00 per month.
0 votes Thank Flag Link Mon May 20, 2013
Monthly maintenance is the amount paid by each shareholder every month (cooperatives are a form of ownership common in NYC where individuals owns share in a corporation which along with a proprietary lease allows them to live in the designated apartment to which an amount of shares are assigned...based on that number of shares an amount per share is calculated which covers the costs of running/maintaining the building....the common areas, the boiler, the employees, etc.) I hope this help you understand 'maintenance.' Happy to discuss further: 212 947 0578
0 votes Thank Flag Link Mon May 20, 2013
Many thanks!!!
Flag Mon Jul 15, 2013
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