Why is the maintenance so high in this building? I'm interested in one of the listings, but I'm deterred by the high maintenance.

The co-op has an underlying mortgage of $11,000,000, or $58,000 per average apartment. I don't know what apartments like those have been selling for in that neighborhood, or where their maintenances are, but you can figure that in.

What's worrying is, of that $11M, $2M was added in 1998, another $2M in 2002, and $3.6M last year. That could be good news, if everything that could possibly break has been replaced recently, or bad, if the building runs deficits and borrows its way out of them, or borrows to build amenities instead of saving up for them.