Palmer Terrace Co-ops, Mamaroneck (coop, maintenance, tax)

[superyummy]

Just wondering if anyone knows why the fees are so high in this complex? $1200+/mo for a 950 sq ft 2-bedroom built in the 60's seems awfully high. Looking at old listings, this is double, or almost double, what it was 10 years ago and the selling prices are the same or lower than they were 10 years ago.

[Amanda Saraceno]

This complex was built in the early 60's - there are significant costs associated with maintaining an "older" building the older a coop gets, the more maintenance the building will require. This building has a basketball court/exercize room and some amenities other complexes don't have. Additionally, this building has a flip tax (I think $0/share) but currently, no assessment yet. You need to speak with you Realtor and he/she will compare the TOTAL costs of this complex vs others. Good Luck!