Generally, co-op fees include property taxes, any underlying mortgage on the building, and building insurance. In many buildings, utilities (e.g., heat and hot water, electricity, and gas) are also included in the fees. One's fees likely also cover other regular upkeep costs (e.g., landscaping, pest control, etc.).
It usually covers the following items: Property taxes (yes – coop maintenance does include your property taxes!) Underlying mortgage (if applicable) Insurance.
Maintenance fees vary from home to home in New York City, and can be dependent upon individual building factors such as unit numbers, the amount of staff employed and debt obligations. The history of a building may also contribute to this number, as older buildings may need more frequent or expensive work.
On average, it takes about 1-3 months to get a building permit in NYC. Permitting timelines depend on the type of permit you applied for. Current timelines for the DOB to review an initial permit application are: Alt1 (standard filing): 3-4 months.
Permitting Timelines We have found that depending on the complexity and usage of your structure you can anticipate an average of 6-12 months to gather information, submit documentation, and obtain your building permits.
If work has been performed without a permit and an applicant seeks a permit for the unpermitted work before a notice of violation is issued, the penalty for such unpermitted work is $600 when performed on a one-family or two-family dwelling or $6,000 when performed on a building other than a one-family or two-family ...
2) Flame Spread Letter – A flame spread letter is a letter from the manufacturer of certain products describing the flammability of the product. Products that require a flame spread letter include, but are not limited to, carpeting, window treatments, wallpaper, foam, and upholstery.
Maintenance fees typically include: Maintenance and repairs to common property (hallways, elevators, parking area, amenities) Operating and service costs (like utilities, garbage and snow removal, window cleaning, etc.) Insurance. Management costs.