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Ask an Expert: Average fees for bike spaces & storage units

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By Teri Karush Rogers  |
June 7, 2011 - 2:24PM

Q.  What is the average monthly fee for a bike space in a Manhattan co-op or condo? What about individual storage units?

A.  According to BrickUnderground expert panel member and property manager Thomas Usztoke, there is no such thing as an average fee.

Where there are enough bike spaces and storage units for everyone, some buildings consider them an "indistinguishable part of the maintenance/common charges" and charge nothing or a nominal charge, such as $5-$25 per month.

On the other extreme, some buildings charge an open market rate of $75 to $500 per month "for everything that can be separated outside of maintenance or common charges," says Usztoke, typically as a revenue-generating measure to avoid raising maintenance or common charges.

For more information on fees charged by co-ops and condos, take a look at this recent survey in Habitat Magazine.

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Teri Karush Rogers

Founder & Publisher

Founder and publisher Teri Karush Rogers launched Brick Underground in 2009. As a freelance journalist, she had previously covered New York City real estate for The New York Times. Teri has been featured as an expert on New York City residential real estate by The New York Times, New York Daily News, amNew York, NBC Nightly News, The Real Deal, Business Insider, the Huffington Post, and NY1 News, among others. Teri earned a BA in journalism and a law degree from New York University.

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