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Mark
Mark
Home Buyer
Merrick

I see many co-ops in Hackensack and Fort Lee - there is no maintenance price listed but they refer to it in

each ad....anyone know the maintenance on a 2 br 1 bath co-op?

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Vita Strakhman
Vita Strakhman
Real Estate Pro
07446
Sun Jun 22 2008, 19:35

Mark, are you talking about co-ops, or condos? There is a difference; When you purchase a co-op, you actually purchase a certain amount of shares and usually have to have an interview with a board that is in charge of a co-op, with a condo, it is similar to owning a house. According to NJMLS, there are no co-ops available for sale, only condos, and there are 12 co-ops in Fort Lee. You have to pay maintenance in each one and depending on a board in a co-op, or an association in condominimum, it includes various things. Maintenance on a 2 br 1 bath in Fort Lee ranges from $600.00 to $1500.00 p.m. depending on a building. If you would like more information, or would like to see what's available, contact me directly. I will help you in any way I can.

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Barbara Ostroth
Barbara Ostroth
Real Estate Pro
07649
Sun Jun 22 2008, 16:01

You must ask the listing agent as each one is different and each building is different. Also, different buildings have different ratios needed for co-op board approval, and different %'s of the portion of the maintenance that pertains to taxes.

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Peter J Rogers
Peter J Rogers
Real Estate Pro
07481
Sun Jun 22 2008, 15:43
BEST ANSWER

Let me give you 2 examples in Fort Lee. A co op unit at 2400 Hudson Terrance with 2 beds and a bath is offered at $165,000. It is a co op and the maintenance is $1,015. A similar unit at 1450 Palasade Ave is offered at $349,000 and the maintenance is $770. This is a condo.
Drop me an email and I will try to explain the pros and cons of the 2 types of ownership,. For good reason Co ops are not that well regarded in New Jersey.

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Sofia
Sofia
Real Estate Pro
07020
Sun Jun 22 2008, 14:31
FIRST ANSWER

Hello Mark,
The maintenance depends on what kind of building (amenities) you are looking for. It runs from $570/mo for 1 bedroom apartment in Plateau Gardens to $3,540.00/mo for 2 br 2.5 bth in Plaza. Just in case I what to add, usually co-op maintenance include maintenance of the property, taxes and at least some utilities. Every building has its own rules. Let me know your price range and what amenities would you like to have and I'll e-mail you matching listings. My e-mail: sofia_hom@hotmail.com
Good luck,
Sofia Ginzburg
Villa Valentina Realty
201-854-3477 #805

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