Usually assessments are added when there is a shortfall of money, as stated, to balance operating expenses (that may be heating, maintenance, repairs etc..,.etc..) or to increase available money for anticipated repairs.
Your R E taxes are included in your maintenance ( you probably will have a 35-45% tax deduction when you file your income taxes) tax abatement per share(given by the state to the coop owner) is a reduction of RE taxes. With costs of everything rising -Depending on how financially stable your coop is, determines whether this will be ongoing or just this year.
This is basically in a nutshell- Terry TKorahais@elliman.com... more
Some noise seepage is understandable. However, there should be fire barriers between houses, and those should absorb much of the sound, especially if there's some insulation on both sides of the barrier. Certainly, you should not normally be able to hear conversations through walls. Anna's advice about getting a soundproofing expert is good. But make sure whoever you get knows current code requirements as well. It's possible that the barrier isn't even up to code. And that's a safety issue, not just a comfort one.... more