One reason people choose to buy instead of rent is to avoid steep monthly payments that they won’t see a return on. In co-ops, low maintenance fees can buy a bit of freedom in that area. There’s no magic formula to avoid having to pay no more than a certain amount of maintenance fees, but buyers should be aware that factors like apartment size, its floor in the building, and the number of staff members and amenities in a building play a role in determining the amount owed. Maintenance fees also cover property taxes, building staff salaries, common area upkeep, building insurance, and any underlying mortgage on the building.
Sometimes, though, utilities are also included in maintenance fees. Heat and hot water are standard practice – in fact, buildings are legally obligated to provide heat – but some will include electricity, cable, and internet. It is important to keep in mind that “included” does not mean “free,” and might lead to maintenance being a little higher as a result; but sometimes, thanks to buildings buying a utility in bulk and receiving a discount, shareholders will pay less for utilities here than they would anywhere else.
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In some buildings where utilities are included, shareholders receive a separate bill that reflects the bulk rate and pay it to the board instead of the utility company. In other buildings, the utility charges are rolled directly into maintenance with the result that one fewer bill comes per month. This practice is most commonly found in older, converted rental or hotel buildings that were turned into co-ops. Rather than meter every individual unit, these buildings split the utility cost per share of the building and work that into the maintenance.
Find below a selection of apartment listings with lower-than-average maintenance for the unit's size. Many of the listings featured bundle electricity and gas in their monthly maintenance fees.
Find below a selection of apartment listings with lower-than-average maintenance for the unit's size. Many of the listings featured bundle electricity and gas in their monthly maintenance fees.
146 West 74th Street, #5
$3,650,000
Broadway Corridor | Cooperative | 3 Bedrooms, 2.5 Baths | 1,410 ft2Monthly Maintenance: $1,722
146 West 74th Street, #5 (Douglas Elliman Real Estate)
889 Broadway, #4A
$2,395,000
Flatiron/Union Square | Cooperative | 3 Bedrooms, 1.5 Baths | 1,850 ft2Monthly Maintenance: $1,500
889 Broadway, #4A (Douglas Elliman Real Estate)
650 Park Avenue, #3C
$1,750,000
Park/Fifth Ave. to 79th St. | Cooperative | 2 Bedrooms, 2.5 Baths | 1,650 ft2Monthly Maintenance: $3,297
650 Park Avenue, #3C (Douglas Elliman Real Estate)
114 West 27th Street, #5S
$1,450,000 (-23.5%)
Chelsea | Cooperative | 2 Bedrooms, 1 Bath | 1,850 ft2Monthly Maintenance: $2,158
114 West 27th Street, #5S (Douglas Elliman Real Estate)
Westview, #830
$1,400,000
Roosevelt Island | Cooperative | 3 Bedrooms, 2 Baths | 1,494 ft2Monthly Maintenance: $1,656
Westview, #830 (THE DEVELOPMENT MARKETING TEAM)
250 West 27th Street, #4E
$1,195,000
Chelsea | Cooperative | 1 Bedroom, 1 Bath | 900 ft2Monthly Maintenance: $1,127
250 West 27th Street, #4E (Sothebys International Realty)
Lincoln Guild, #13GE
$1,050,000 (-3.7%)
Lincoln Center | Cooperative | 2 Bedrooms, 1 BathMonthly Maintenance: $1,880
Lincoln Guild, #13GE (City Connections Realty Inc)
The Adelaide, #5C
$925,000 (-5.1%)
Midtown West | Cooperative | 1 Bedroom, 1.5 Baths
Monthly Maintenance: $1,701
The Adelaide, #5C (Compass)
East River Coop, #H2001
$899,000 (-12.3%)
Lower East Side | Cooperative | 2 Bedrooms, 1 Bath | 1,100 ft2
Monthly Maintenance: $1300
East River Coop, #H2001 (Weichert Properties)
The Vermeer, #8E
$899,000 (-5.4%)
Chelsea | Cooperative | 1 Bedroom, 1 BathMonthly Maintenance: $1,223
The Vermeer, #8E (Brown Harris Stevens Residential Sales LLC)
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Cannon Point South, #12G
$898,000
Beekman/Sutton Place | Cooperative | 1 Bedroom, 1.5 Baths | 1,100 ft2Monthly Maintenance: $2,025
Cannon Point South, #12G (The Agency Brokerage)
Goodhue House, #3D
$875,000
Murray Hill | Cooperative | 2 Bedrooms, 1 BathMonthly Maintenance: $2,042
Goodhue House, #3D (Berkshire Hathaway HomeServices New York Properties)
The Vermeer, #9K (Compass)
Cannon Point South, #15J
$849,000 (-3%)
Beekman/Sutton Place | Cooperative | 1 Bedroom, 1.5 BathsMonthly Maintenance: $2,080
Cannon Point South, #15J (Douglas Elliman Real Estate)
Bradhurst Court, #4U
$795,000
Harlem | Cooperative | 2 Bedrooms, 1.5 BathsMonthly Maintenance: $1,162
Bradhurst Court, #4U (Compass)
Lincoln Towers, #17R
$765,000 (-4.3%)
Lincoln Center | Cooperative | 1 Bedroom, 1 BathMonthly Maintenance: $1,822
Lincoln Towers, #17R (Ann Ferguson LLC)
Twelve Seventy Fifth Avenue, #11F
$709,900
East Harlem | Cooperative | 2 Bedrooms, 1 BathMonthly Maintenance: $1,493
Twelve Seventy Fifth Avenue, #11F (Corcoran Group)
The Raleigh, #5G
$699,000
Central Park West | Cooperative | 2 Bedrooms, 1 Bath | 800 ft2Monthly Maintenance: $690
The Raleigh, #5G (Bond New York Properties LLC)
Rivercross, #1311
$695,000
Roosevelt Island | Cooperative | 1 Bedroom, 1.5 BathsMonthly Maintenance: $1,971
Rivercross, #1311 (Brown Harris Stevens Residential Sales LLC)
Southgate, #3A
$650,000
Beekman/Sutton Place | Cooperative | Studio, 1 BathMonthly Maintenance: $1,100
Southgate, #3A (Brown Harris Stevens Residential Sales LLC)
452 West 50th Street, #4W
$599,000 (-14.3%)
Midtown West | Cooperative | 1 Bedroom, 1 Bath | 755 ft2Monthly Maintenance: $650
452 West 50th Street, #4W (Compass)
1199 Park Avenue, #6J
$595,000 (-11.9%)
Carnegie Hill | Cooperative | 1 Bedroom, 1 BathMonthly Maintenance: $1,534
1199 Park Avenue, #6J (Douglas Elliman Real Estate)
Plaza Tower, #32A
$590,000 (-5.6%)
Park/Fifth Ave. to 79th St. | Cooperative | 1 Bedroom, 1 BathMonthly Maintenance: $1,899
Plaza Tower, #32A (Brown Harris Stevens Residential Sales LLC)
609 Columbus Avenue, #10I
$550,000
Central Park West | Cooperative | 1 Bedroom, 1 BathMonthly Maintenance: $697
609 Columbus Avenue, #10I (Corcoran Group)
415 East 80th Street, #4N
$479,000
Yorkville | Cooperative | 1 Bedroom, 1 Bath | 1,560 ft2Monthly Maintenance: $1,249
415 East 80th Street, #4N (Hauseit LLC)
The Gotham Town House, #11B
$435,000 (-8.4%)
Midtown East | Cooperative | 1 Bedroom, 1 BathMonthly Maintenance: $1,250
The Gotham Town House, #11B (Compass)
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?