Here’s Why Condo Common Charges Are All Over the Map (NY)

/ Owner - April 1, 2025

Q: A one-bedroom condo apartment in Manhattan has an asking price of $399,000, needs significant renovation and has a $1,941 monthly common charge. Two other apartments in the building are also for sale; they’re comparable in size, on a higher floor, have already been renovated, have asking prices of $620,000 or more — and yet have lower common charges of about $1,750. Why the discrepancy? And what goes into calculating common charges?     Read the Q&A………………………………..

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