In a co-op, shareholders pay a monthly maintenance fee. Part of it goes toward the expenseof operating the building. The other part is the amount of property taxes apportioned to eachshareholder based on the number of shares assigned to their apartment. Particularly thesedays, when property taxes and fuel costs are rising sharply, maintenance fees are […]
NYC condos are more expensive, on average, than co-ops. In the 2nd quarter of 2018, for example, condo buyers forked over an average of $1,989 per square foot in Manhattan, approximately 50% more than co-op buyers, who paid an average of $1,319 per square foot, according to a report by the appraisal firm Miller Samuel. […]
At Realty Collective, it has always been our practice to monitor developments that may affect our clients and the way we serve them. The recent verdict in the federal court case against the National Association of Realtors (NAR) in Missouri is a significant event that has captured our attention. We understand that the court has […]
