citylight building in Long Island city

monthly payment?? based on what, a cash purchase??

i wouldn't buy there.. i looked into and decided the ridiculous cc charges makes it not worth it compared to other condos in LIC. I believe it is a land-lease building, but not entirely sure.

The Building itself has a huge mortgage. That is why monthly common charge is so high. When you buy into this building, you're getting not only an asset (the apt) but also an liability (your portion of building's mortgage).

If you add your portion of the building's mortgage to the asking price of some of the units there, it comes out to $700+psf.

Sorry, but your owner-occupied apartment is hardly as asset. But you do have the liability.