Why is the common charge and tax so high

Started by anonymous
over 10 years ago
Discussion about The Regatta at 21 South End Avenue in Battery Park City
Why is the tax and common charge so high in this building. Granted it is battery park city, but it is still too high though. I noticed a rent sale of a unit at 880k, and the same unit is for rent at 4100 and been on the market for a while. Tax and common charge for this 900 sqft unit are over 2800. So you are essentially collecting 1300 per month for 880k investment? Is that a joke? Why would people buy in this building?