Skip Navigation

Co-op Maintenance Fee Increase In NYC

Started by Maximus01
over 3 years ago
Posts: 0
Member since: Dec 2022
Discussion about
Happy Holidays! I've recently purchased a co-op in Downtown Brooklyn. When checking the percentages of annual maintenance rate increase, it fluctuated between 2-5% increase in the past 8-10 years. However, after closing, the maintenance rate has increased dramatically from 4.5% (from 2021 & for 2022) to 9.5% (from 2022 & for 2023). I understand the maintenance fee differs for all units as the square footage will differ from a studio vs 2 bedroom. However, would the rate/percentage increase also differ? For example, would a studio vs 2 bedroom both have an increased rate of 9.5% in maintenance for the upcoming 2023? Would appreciate some insight and guidance. Thank you in advance!

Add Your Comment

Most popular

  1. 16 Comments
  2. 11 Comments
  3. 20 Comments
  4. 13 Comments