11-11-2019, 04:21 PM
(11-11-2019, 04:08 PM)creative Wrote: There is currently a unit for sale with a maintenance fee of $948.15.
That's a 1500+ sqft unit so I'll guess at a condo fee of $0.62/sqft or thereabouts. Excluding the reserve fund, I wouldn't expect the fees to be much more than half of that (no concierge or pool to maintain, for example) but it is a smaller building. But that would indicate somewhere around $0.30/sqft in reserve fund contributions, which is about 3x normal. Catching up from the lack of contributions and maintenance during the bankruptcy period, I expect.
On the other hand, you are only paying about $250/sqft for the unit ($375K asking price), easily 30-40% less than elsewhere. And at least based on the photos, it's quite a nice unit.