How much is the maintenance ? what is NOT included ? what is the income requirement?

Asked by Betty Chan, New York, NY Sat Jun 29, 2013

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Anna M Brocco, Agent, Williston Park, NY
Mon Jul 1, 2013
No link is visible; if looking to buy in the near future consider working with an agent of your own who can provide any necessary information....
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Queens Home…, Agent, Queens, NY
Mon Jul 1, 2013
Hi Betty,

Maintenance varies by development, it is not general thing since every management company implements their own maintenance fees.

As for what's included, that will also vary by building. For the most part heat, hot water, real estate taxes, and insurance are included, but electric and gas can sometimes be separate.

As for income requirements, this again will vary by development. Some Coops have an income requirement, and some have other financial requirements such as debt-to-income requirements, personal reserves, etc.

To summarize, many Coops have different management companies so Maintenance & requirements will vary from building to building.

Hope that helps!

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