Property Q&A in Greenwood>Question Details

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

what's the maintenence?

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

This question was asked from this property:…

Help the community by answering this question:


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!

Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
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
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer