Dean in New York writes:
lol …..boo hoo, J.
Stock standard 4 story multi family (6 apartments) brownstone here in Brooklyn heights New York. The co-op rates for our individual apartment is $1925 per month – sales value about $1.6m for 2br/2bath about 120sqm (or about 1.4% property value).
Though this does include “city tax” (eg council rates) but apart from that….no gardener…no security….no concierge, though does include someone to vacuum the hallway once a week and take out the trash to the curbside 3 times a week (oh and they shovel the snow…..which almost make it worth its weight in gold when I wake up at 7am in bed and hear them out there shoveling while I’m toasty and warm).
But just thought you’d appreciate the food for thought as a comparison.