Why Seward park housing maintence is much lower compare to Hillman ? Are Hillam they pocketing money?

Asked by Kwong212, Lower East Side, New York, NY Tue Mar 15, 2011

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Jenet Levy, Agent, New York, NY
Tue Mar 15, 2011
Kwong212,
There are many factors that make up the maintenance fees in a building. I would certainly not assume they are "pocketing the money" as you suggest. All co-ops and condos have financial records that are subject to shareholder scrutiny and to the scrutiny of your attorney if you were to have an accepted offer. It is part of your attorney's due diligence to to read the offering plan, all ammendments, 2 years of financials and to read board minutes.

Hope this helps.

Jenet Levy
Halstead Property, LLC
jlevy@halstead.com
212 381-4268
http://jenetlevy.halstead.com
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