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
member and property manager BrickUnderground expert panel Thomas Usztoke, there is no such thing as an average fee.
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Price up to $500,000 up to $750,000 up to $1,000,000 up to $1,250,000 up to $1,500,000 up to $2,000,000 up to $3,000,000 up to $5,000,000 up to $6,000,000 up to $7,000,000 up to $8,000,000 no maximum
Bedrooms studios or at least 1 bedroom at least 1 bedroom at least 2 bedrooms at least 3 bedrooms at least 4 bedrooms 5 or more bedrooms
Bathrooms at least 1 bathroom at least 1.5 bathrooms at least 2 bathrooms at least 2.5 bathrooms at least 3 bathrooms at least 3.5 bathrooms 4 or more bathrooms Presented by
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. Trouble at home? Get your NYC apartment-dweller questions answered by an expert! Send us your questions. Meet our Experts Related posts: Is it legal to deprive renters of bike space in a co-op? The amenities that really matter Free Wifi "minimum cost of doing business" in new buildings Birth of a roof deck