Hi Elizabeth, I work with many agents out of state on a referral basis. I service all of Queens and Nassau, If you want to discuss please call me Terry 718-614-3167 cell or TKorahais@elliman.com... more
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
Usually 6 percent in this type of market is on the high side. With some slight negotiation you should be able to get commission rates in the range of 4-5 percent and some in cases as low as 3 percent (not to much value in 3%)
Five Star Realty
115-13 Jamaica Ave
Richmond Hill, NY 11418
(718) 850-1818... more
I agree with Anna. I have worked on deals in co-ops in Phoenix, and their main focus is on a credit check and a background check. This particular location does not mind if the unit is a primary or secondary residence as long as the owner does not rent out the unit. However, I believe New York co-ops are much different from Phoenix co-ops You could reach out to some of the people who live there and ask them. What does your Realtor think? Have they worked with this co-op before?