Why are condo common charges so high in NYC?

… … Condo common chargescovering operating expenses like staff repairs amenities property … energy and compliance costs drive up NYC condo fees  … Most condos we work with in NYC are seeing common charges … … Average condo fees in Manhattan 23X higher than Queens Brooklyn … Manhattan common charges averaged $149 per …

By Teri Karush Rogers |October 3, 2022 - 9:30AM
Changes by Fannie Mae to prevent another Surfside tragedy mean some NYC buyers will lose access to loans

… the condo tower that collapsed in Surfside Florida Its about to have a seismic impact on mortgages for real estate … three years after building managers had been warned about major structural damage Repair work was just about to get under way when the collapse occurred according …

By Jennifer White Karp |December 28, 2021 - 9:30AM