Quote:
Originally Posted by rd_aaron
Why is the condo fee so high? $312/month for a 452 sq ft condo is almost $0.70/sq ft.
|
It's a recent conversion and somewhere between many and all of the units in that building were foreclosed upon, it might have even been before the developer (company converting from rental apartments) sold them. That inevitably means the condo fees are higher to build a reserve fund. Also, it's a pretty small building, which means the more fixed type expenses (insurance, management) are proportionally greater per unit.