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