Property Q&A in Bronxville>Question Details

Carmen Maldo…, Other/Just Looking in Yonkers, NY

how much is the maintenance and what does it cover? assigned parking? terrace/balcony?

Asked by Carmen Maldonado, Yonkers, NY Tue Dec 16, 2008

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Hi Carmen

Bronxville Ridge is right down the street from where I live and I have sold numerous apartments in the complex. This particular apartment is actually withdrawn from MLS; it can take some time for it to be updated on Trulia. I showed two, two bedroom apartments in the complex today that while priced a bit higher, have brand new kitchens and baths. This complex is popular because it has working fireplaces and they will allow one dog. Starbucks is across the street if you are a coffee addict ;)

If you are interested in the neighborhood I would be pleased to help you. I can email you the listings for the actually available apartments in Bronxville Ridge, as well as surrounding buildings that meet your requirements. If you like you can reach me through my website which is indicated below.

Peter A Harris, ABR
Licensed Associate Real Estate Broker
Houlihan Lawrence
4 Valley Road
Bronxville NY
0 votes Thank Flag Link Wed Dec 17, 2008
Your question has 3 parts, so I will answer them one at a time. Maintenance is $1209.00 monthly. Covers basic co-op esssentials and property taxes. Does not cover parking, which is at an additional cost. Does not have a Terrace or balcony. Feel free to contact me, if you want answers, not sales mombojombo. Good Luck!
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0 votes Thank Flag Link Tue Dec 16, 2008
Hi Carmen,

Just a note on parking in this area. While there is a $45 parking fee listed, there is a waitlist on this and several of the buildings on Bronx River Road. Some of these wait lists can be several years and street parking in that area is VERY difficult. (Teachers and people who get home earlier than most make out pretty well though.)

This is my area of expertise so if you need help, please give me a ring or drop me an e-mail.

Happy Holidays everyone!

Walt FitzPatrick
0 votes Thank Flag Link Tue Dec 16, 2008
Here's a chance to talk about Coop maintenance in general. Coop maintenance includes the owner's pro rata share of real estate taxes and debt service on the common area ( the underlying mortgage) as well as building maintenance, heat and hot water. Property taxes and interest on the underlying mortgage are tax deductible, which is why most coop maintenances are at least 50% deductible.
In a condo, common charges are not tax deductible at all, and you pay your property taxes separately. Often you pay your own heat and hot water too. Many new buyers look at the higher monthly costs on a coop and decide that coops are more expensive the condos.....................that is almost always not true. If you factor in the tax deductions, the lower price, and the fact that maintenance includes heat and hot water, coops are almost always less expensive than condos.
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0 votes Thank Flag Link Tue Dec 16, 2008
Hi Carmen, This is a fabulous building. The unit even has a fireplace (which is rare)! Located just steps to shops, restaurants and the Fleetwood train Station. There is also bus transportation as well as two other train options, Mt Vernon West Halfway down Bronx River Road and the Wakefield station at the bottom of Bronx River Road.

The maintenence is a little higher and does not include the STAR reduction which will be around $100-$150 in savings per month.

if you have any questions regarding purchasing a coop please feel free to give me a call, no strings attached. I have sold numerous units on Bronx River Road in the past and everybody has been very happy.

Christopher Pagli
Associate Broker
Legends Realty Group
0 votes Thank Flag Link Tue Dec 16, 2008
Hi Carmen,

The maintenance of $1209 per mo. covers heat and hot water. There is a $45 per mo. parking fee
and they do not have a terrace. The minimum down payment in this complex is 20%.

I hope that helps. If you have any other questions, please do not hesitate to contact me.

Phyllis Lerner
Legends Realty Group
Sleepy Hollow NY
0 votes Thank Flag Link Tue Dec 16, 2008
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