Hi Anne, This is listed incorrectly. It is a Cooperative not a Condo. The difference is with a Coop you don't own the unit but shares in a Corporation. The corporation is made up of all the buildings occupants and shareholders. You will get a proprietary lease and stock certificate. You pay a monthly maint. that will inlcude your pro-rata share of the buildings property taxes, care for the grounds, etc. A portion of your maint. will be tax deductible, usually 50%-60%. A condo is considered real property in NY and you own the unit, pay property taxes, and a monthly common charge to care for the complex. There is a board of managers that govern the condo.
With that being said (sorry if you already new this :o), the monthly maintenence is $527.
Please feel free to ask any further questions. I live in the next town over from this building.
Legends Realty Group