How much are maintenance fees?

Asked by Suárez Mónica, Washington, DC Sun Feb 26, 2012

And what does it mean for maintenance fees to be 53% of deductible? Thank you

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Daniel Heim, Agent, Hoboken, NJ
Tue Feb 4, 2014
Hi Monica-

This building is the Summit House, which is actually a Cooperative (Co-Op). Unlike Condominiums and other deeded properties where you are provided your individual tax bill, CoOps are taxed as one whole building and each Unit Owner is billed their proportionate share of the taxes, which are still tax deductible just like Condo real estate taxes are. I hope this helps. I am very familiar with CoOps and other property types and properties throughout the area, if I can be of additional assistance please let me know,

Thank You,
Daniel Heim, Sales Associate
Coldwell Banker Residential Brokerage
Direct: (201)533-3082
Mobile: (201)892-0829
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