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maintenance & common charges
Nikki's Notes: How can buyers make sense of high maintenance fees and common charges at co-ops and condos?
… … The concern about hefty carrying costs at New York City coop and condo buildings is understandable given how much they impact what you can afford to buy While these costs vary greatly … because there is also a fairly substantial pricing and size difference between these two apartment types with condos …
A condo or co-op with lower carrying costs can make buying more doable. Here's where to find one
… buildings with lower carrying costs as a way to exert some control over the market Carrying costs are the monthly … carrying costs brokers suggest you look for buildings with tax abatements developers get incentives from the city to … a coop is tax deductible The amount varies by building and apartment and Vickey Baron a broker at Compass says a 70plus …
Top 12 questions New Yorkers ask their mortgage bankers
… housing market The sole purpose of Fannie Mae is to provide banking institutions and other mortgage companies a way to … the market Fannie Mae does not directly lend money to the public They work with financial institutions and mortgage … what a conventional loan is and how big a jumbo loan is in NYC … A conventional loan is any mortgage that is not …
Do carrying costs include monthly mortgage payments?
… … In a coop the operating costs you pay each month for shared areas and amenities are called maintenance fees and they … or a multifamily property where you would potentially live in one unit and rent out the others then you will also …
Why a tax abatement should be on your condo or co-op wishlist
… Tax abatements may not sound as thrilling as heated floors … perk to your search parameters when youre hunting for a condo or coop to buy in New York City Tax abatements exempt … pricier place simply because you have an abatement Buy the apartment you could afford if there were no abatement and …
What should I look for in an annual financial statement as a condo or co-op buyer?
… a partner at Adam Leitman Bailey PC who represents tenants apartment owners coop and condo boards and owners Among … … What should I be looking for in an annual financial statement … Buy … Sales Market … Ask a … maintenance & common charges … What should I look for in an annual financial statement as a condo or coop buyer … Adam …