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Trying to figure out what the average two bedroom condo pays each month in maint? Hard to figure out as in addition to maint folks often have special assessments not included in the real estate ad.
One building had lets say a maint fee, then one assessment like $150 a month for new elevators and another $125 a month for a new roof. Kinda like they are hiding real monthly costs.
So how much are real monthly fees for condos on Long Island?
If you bought an average two bedroom 1.5 bath Condo around 1,200 square feet in a basic building how much would you expect monthly maint would be? What would you consider cheap and what would you consider expensive.
You see lots of studies on Manhattan average maint on condos and coops but you never see anything that targets averages on Long Island. You would think buyers would want that info.
I think it is a pretty subjective fee... It really depends on the place and the amenities they are providing. When I used to live in my condo (6 yrs ago) (2bdrm,2.5ba), the fee was about $450 per month, they had a pool, gym, landscapers etc.. attached unit condo, with garage.
There's no rhyme or reason to those fees. My parents live in a condo. The condo won a tax grievance. The taxes were cut in half, and the maintenance fees went up 35% at the same time. Plus you have to worry about assessments for roofing repair, road repair, etc, etc.
There's no rhyme or reason to those fees. My parents live in a condo. The condo won a tax grievance. The taxes were cut in half, and the maintenance fees went up 35% at the same time. Plus you have to worry about assessments for roofing repair, road repair, etc, etc.
A condo the unit owners pay the property tax so that must be a coop.
No. It's a condo. My parents pay their taxes. But the condo grieved the entire development taxes.
That is a good deal. Yacht Club in Island Park is one Condo that did it that way. It works out well as when they win condo association gets cash for refund then pays back owners. For folks in arrears they take the refund towards back maint before they pay owners.
The condo I own each individual owner could sign up with the firm picked by condo to grieve taxes and would pay 1/3 of refund upon winning.
We sent out two mailings, spoke about it at annual meeting and even called a few folks. We only got 40% of building to sign on. Oddly none grieved on their own or hired their own guy.
So next year 40% of units will pay 20 percent less property taxes. It sucks that by year three of this building may be forced to grieve entire building and pay the fee so our sales dont get out of wack with such different tax rates.
No. It's a condo. My parents pay their taxes. But the condo grieved the entire development taxes.
how much are the taxes on the two bedroom condo? We are grieving so interesting to see what other buildings got in nassau county?
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