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Manhattan maintenance fees surveyMar 26, 2018

For the fourth time in a dozen years, I’ve put together a chart of the average maintenance fees that co-ops charge in many Manhattan neighborhoods. It’s based on sales listings in 2017, and since it goes back to 2006, you can see the changes, which of course are generally up. You can download the pdf, along with the supporting data, here: https://www.thepinehurst.org/on-the-market/.
Keep in mind that the chart shows neighborhood averages per square foot. What it does _not_ show is the fee per share (which is how co-ops charge it, but sales listings rarely mention shares), whether there’s also an assessment in the building, or what the building’s amenities are like (24-hr doormen, porters and parking — or just one part-time super). So don’t use the chart to decide if you are paying too much (or too little!). Remember, it’s an average of buildings in a neighborhood, which means it’s based on the average amenities in a neighborhood, among dozens of other things.

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