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