50% of it was Taxes
50% Maintenance of the faculities, Grounds, Personnel, Hallways, Facade ect.
Plus, the owner got a STAR Exemption of about $100 per month off his taxes. Its an automatic rebate from the state just for applying. We listed in in the Spring of 2008 and sold that Fall. If you are looking for similar properties, just email me. Good hunting!
-Rey Hollingsworth Falu
Licensed Associate Real Estate Broker
It was listed as 1111 Midland Avenue apartment 5D. The maint. is $621. of which 50% was deductible.
If you would like to know about similar properties that are currently active on the market, please contact me and I will be happy to send you some current information.
Prudential Centennial Realty