building at 303 East 49th Street

Hi,

I too would love more info about this building. Specifically, why is it that the common charges seem really high? For example, in the unit below (~ 1228 sq feet), the common charges are $1600 a month. (With real estate taxes, the monthly is $1200)… Does this mean that the building's financials are not strong?

On the other hand, is $1600/month in terms of common charges pretty standard for an apartment of this size?

Thanks for any help.

http://streeteasy.com/building/303-east-49-street-new_york/12

At $1.31 per ft², the CCs are high for a so-so building. That's not bad, though, for a doorman building with only 20 units. #12 is paying 4.359% of what it takes to run. Compare with, say, http://streeteasy.com/building/milan-condominium/21c in a building with 119 units. That apartment pays only 0.6288% of a more heavily-staffed building, or $1 per ft².

There's a base level of staffing in a full-service building, below which small ones can't go, so their CCs or maintenance are going to run higher.

Hi,

I believe the common charges are high because there are only 20 units. They have to cover doormen salaries (health insurance if union employee), management company etc.
The right size building, in my opinion, is the one with about 50 units where the common charges are balanced among the owners that could come to common decisions in a reasonable amount of time.

This building is falling apart. Heating and cooling in each unit are terrible, heating can not be controlled for each unit and cooling is window units - inappropriate for this pricepoint.