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This question is about this property: http://www.trulia.com/property/3066123352-65-W-95th-St-New-Y
The monthly maintenance is $2225. Tax Ded. for building combined maint. is 40%. Underlying mortgage is under $2M. Let me know if you'd like to see the apartment as I'll set up an appointment to show you.
All the best,
Nick Rafello, Senior Vice President
THE CORCORAN GROUP
RAFELLO ROSENBLOOM TEAM
I see that you have recieved your anser to the question.
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SVP/ Associate Broker
Rutenberg Realty NYC
You've picked an excellent location and a unit with no board approval. I see you've gotten your numbers answered below. As you look at listings, the amount of the underlying mortgage isn't something you are going to readily be able to find out. Probably your concern is more so the tax-deductibilty of your mortgage payments. The portion for the upkeep is not deductible, the portions for the real estate taxes and underlying mortgage are.
I would strongly suggest that you work with your own buyer's agent to take you through the process of purchasing an apt. We can streamline your search, answer all your questions (in this instance it would mean getting a hold of the building financials) negotiate on your behalf and take you through all the steps of buyng. Also, regarding underlying mortgage and building financials, this is something your attorney scrutinizes as part of their due diligence.
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