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Ken Feldman, Home Buyer in Prospect Heights, Br...

what's the maintenence?

Asked by Ken Feldman, Prospect Heights, Brooklyn, NY Fri Feb 15, 2013

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This question was asked from this property: http://www.trulia.com/property/3010591545-300-20th-St-2-Broo…

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Dear Ken:

The maintenance is a fee you pay on a monthly basis to the co-op. This covers all the common expenses of the co-op. This includes costs such as the maintenance of the building, electricity in the common areas, management expense, underlining mortgage, superintendent expense and more. The maintenance amount varies from co-op to co-op as some co-ops are bigger than others, may have more amenities than others or may simply be better managed than others.

The same could be said for a condominium (although most condos do not have an underlining mortgage).

If I can be of further assistance please let me know. Good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
0 votes Thank Flag Link Sat Feb 16, 2013
Hi ken - this is a condo - the common charges are $319 per month
0 votes Thank Flag Link Fri Feb 15, 2013
Hello Ken,

Looks like 319 - under Fees and Taxes:

Common Charges: $319

Have a good evening... Mark.
0 votes Thank Flag Link Fri Feb 15, 2013
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