Very low monthlies

There are lots of different factors that are considered when a sponsor is setting the percentage of ownership. Apt size, floor number, window exposure, outdoor space, etc. There are 216 apartments in this building, so you have to imagine that each owner is only allocated a very small percentage even when factoring in the items above.

Are there examples of that percentage allocation being unfair- absolutely...but don't ignore the valid points either. In my building, there was a unit that the developer was selling to a family member- and that apartment does have a lower percentage allocation than it should-not a huge difference, but definitely not what it should have been. I also encountered a condo last year where a cookie cutter 1 bed, 1 bath had a higher allocation (with higher common charges and property taxes as a result) than a cookie cutter 2 bed, 2 bath in the same building on a close floor with the same exposure. The developer opened sales in the building around the time of the 2008 meltdown or so - and made some amendments to the offering plan that caused an imbalance to the allocations- but helped them sell apartments at the time. This is a rather extreme example that rarely occurs- but it does happen.

Low floor north facing studios should have smaller allocations than a 2 bedroom on a higher floor with a south and west exposure for example. I would say that is entirely fair.

Those are crazy low monthlies.