Sales are booming for New York City co-ops and condos and bidding wars are on the rise. With so much competition for apartments here, which is forcing prices to rise, one of the ways buyers can exert some control over what they are spending is to seek out apartments with low carrying costs.
A quick refresher: These costs, which pay for the upkeep of a building, work differently depending on whether you’re in a co-op or condo. In co-ops, you pay a monthly maintenance fee, which covers the building’s operating costs and your property taxes. In condo buildings, you pay monthly common charges that cover the upkeep of your building—and pay your taxes separately.
Buildings with more amenities and more staff will have higher monthlies—and those fees can increase.
To help with your apartment search, here are five apartments with carrying costs less than $2,000 a month for sale in Park Slope, Harlem, Williamsburg, East Village, and Turtle Bay.
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15 Berkeley Pl.,Park Slope
This two bedroom, one bath is listed for $885,000 with $1,007 monthly maintenance. The co-op has south-facing bay windows, exposed brick, high ceilings, ceiling fans, hardwood floors, stainless steel appliances, granite countertops, and an in-unit washer and dryer. The building has a bike room and storage.
300 West 135th St., #9F,Harlem
This two bedroom, two bath is listed for $1,050,000 with $1,100 monthly common charges and $28 monthly taxes. There's a 421a abatement that expires in 2031. It has parquet floors, recessed lighting, stainless steel appliances, oversized windows, and a custom walk-in closet with built-ins. The building has a doorman, concierge, bike room, gym, and laundry room.
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532 Lorimer St., #2A,Williamsburg
This two bedroom, two bath is listed for $1,498,000 with $896 monthly taxes and $402 monthly common charges. Apartment #2A features hardwood floors, high ceilings, recessed lighting, oversized windows, stainless steel appliances, quartz countertops, central air and heat, and an in-unit washer and dryer. The building has a bike room, package room, storage, and a garage.
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115 East 9th St., #6E,East Village
This two bedroom, two bath is listed for $1,525,000 with $1,902 monthly maintenance. The co-op has a foyer, balcony, six closets, hardwood floors, stainless steel appliances, oversized windows, and central air. Amenities include a live-in super, garage parking, gym, playroom, and laundry room.
212 East 47th St., #34G,Turtle Bay
This two bedroom, two bath is listed for $1,600,000 with $942 monthly taxes and $922 monthly common charges. Apartment #34G has a balcony, custom recessed lighting, hardwood floors, stainless steel appliances, granite countertops, and large closets. Amenities include a doorman, concierge, gym, package room, valet parking, and playroom.