Posted Sep 15, 2018, 2:20 PM
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Registered User
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Join Date: Apr 2006
Posts: 460
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Quote:
Originally Posted by Jim in Chicago
That $800 isn't out of line. Assuming the square footage is correct, that works out to $0.56 per square foot, and that building has door staff. I'm in a sort of similar building without door staff (which is a huge expense) and I'm paying $.54 per square foot, so about the same. That goes to: maintenance of common spaces, interior and exterior, garbage service, RCN 50mpg internet and basic cable, DVR included, payments into a reserve fund. Taxes and insurance on the common spaces, professional management services. Security system and maintenance on 2 elevators. The only special we've had was 10 years ago when we did roof replacement and city-mandated work on the building facade in the same year. The owners pay their own gas and electric - they run under $100 in the cold months, and more in the summer with the AC running.
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$800 is insane for a property that you supposedly own. It's like adding rent on top of property taxes and a mortgage.
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