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How often and what dollar range should assessments be expected in a Manhattan co-op with small reserve?

Started by lab9
about 17 years ago
Posts: 25
Member since: Sep 2008
Discussion about
Pre-war, 8 story building, upper east side; well maintained, but not high end; p/t dm; no other significant amenities
Response by NWT
about 17 years ago
Posts: 6643
Member since: Sep 2008

They aren't "expected" at all.

Think of it as running a rental building where the rents don't cover the upkeep. Either you don't keep things up, or you go to the owners for more money.

The maintenance should be increased enough to keep the building running and build up a cushion.

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