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Fishermans Wharf West Babylon NY Coops - How Much Are The Maintenance Fees?

By
Real Estate Agent with Douglas Elliman Real Estate in Babylon NY

fishermans wharf west babylon ny coops

Fisherman's Wharf West Babylon NY Coops - How Much Are The Maintenance Fees?

Maintenance fees at Fisherman's Wharf West Babylon NY can start at $700.00 per month with the majority being in the $900.00+ range. It also depends upon how many shares you own for the particular unit.

It's not just about how much the maintenance fees are, but what is included in those maintenance fees:

  • Heat (gas heat)
  • Water
  • Sewer
  • Management Company fees
  • Mortgage on the development's property
  • Property taxes for the development
  • Insurance on the property.

The maintenance fees at Fisherman's Wharf in West Babylon NY are up to 65% tax deductible. But, please consult with your Accountant/Tax professional regarding this.

Other than the maintenance fee, you have to pay for your phone, cable and electric.

My next Fisherman's Wharf West Babylon NY Coops post will be about income & debt ratio requirements.

Comments(4)

TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

Good morning, Jackie. That is interesting. I never heard of that before. So as I understand it, your maintenance fees cover your utilities and insurance?

Jun 26, 2011 01:17 AM
Pocono Luxury Homes The Jeff Rickert Team
RE/MAX Property Specialists - Pocono Lake, PA
Poconos Luxury Homes

Ours in our community are $1200.

Good luck in your area.

Thank you for sharing and best of luck!

Jun 26, 2011 01:19 AM
Nick T Pappas
Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Jackie, we don't have any co-op's here that I'm aware of, so my knowledge of them is limited, although there are several in Chicago.  This is definitely good information for anyone considering a co-op in Fishermans Wharf West Babylon NY.

Jun 26, 2011 07:23 AM
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Michael, utilities except electric, cable and phone :) You only need content insurance with a coop.

Hi Jeff & Heather, thanks for stopping by! :)

Hi Nick, Thank you very much and have a great week! :)

Jun 26, 2011 08:52 AM