Tag Archives: Lowmaintenance

Real estate, Village

NYC Buildings with no maintenance charges?

Yes, that’s true. There are a few buildings that have zero or very little maintenance charges. Several are mentioned in the NYT Sunday article in the real estate section. How does this come about? Well, thanks to rising retail rents in neighborhoods like Soho and the West Village, the maintenance charges are almost zero

99 Bank street where an owner of a studio has a monthly maintenace fee of $20 thanks to retail tenants on the ground floor.
99 Bank street where an owner of a studio has a monthly maintenace fee of $20 thanks to retail tenants on the ground floor.
451 Broome street a building with 25 residential apts and 3 retail tenants. A recent listing for just under $4mm had a maintenance of almost zero.
451 Broome street a building with 25 residential apts and 3 retail tenants. A recent listing for just under $4mm had a maintenance of almost zero.

or very little. However, there’s a couple of catches: Continue reading NYC Buildings with no maintenance charges? →