Co-Op Maintenance Fees Are Rising. The average co-op maintenance fee in New York City climbed 19% from 2009 to 2010 to $1.76 per square foot per month, according to Miller Samuel, a Manhattan-based appraisal company that tracks maintenance costs. The main driver behind the fee increases has been a jump in property taxes brought on …
Monthly Archives: September 2010
Governments, community groups to get first crack at foreclosed homes
Governments, community groups to get first crack at foreclosed homes. Cash investors hunting for abandoned and foreclosed properties will take a back seat to buyers using federal housing money under an "unprecedented" agreement with the nation’s largest private lenders. The "First Look" program, announced Wednesday, gives local governments and community groups using Neighborhood Stabilization money …
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Israelis, Venezuelans buy condos as homes, investments
Israelis, Venezuelans buy condos as homes, investments. Many of the international buyers scooping up condos in South Florida’s top bayfront communities are buying to occupy part-time, brokers say, but many would consider a future sale at a profit. Where these buyers decide to purchase depends in part to the condominium’s location, as some are more …
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