The New Year
The New Year comes—fling wide, fling wide the doorOf Opportunity! the spirit freeTo scale the utmost heights of hopes to be,To rest on peaks ne’er reached by man before!The boundless infinite let us explore,To search out undiscovered mystery,Undreamed of in our poor philosophy!The bounty of the gods upon us pour!Nay, in the New Year we shall be as gods:No longer apish puppets or dull clodsOf clay; but poised, empowered to command,Upon the Etna of New Worlds we’ll stand—This scant earth-raiment to the winds will cast—Full richly robed as supermen at last!
Here’s to a Wonderful 2023!
New Year’s Monthly Maintenance
As we close out 2022, most co-ops and condos are finalizing their 2023 budgets and, in many if not most cases, increasing maintenance or common charges effective January 1. According to the information I’ve received, the average increase in Manhattan has been between 4 and 6% – budgets for utilities, insurance, and real estate taxes are especially affected.
Confirm with the management company, to be sure that the monthly maintenance or common charge for your listing information is up to date. If you’re representing buyers, you should be sure to confirm with the listing broker whether the maintenance or common charges shown in the listing are correct for 2023.
At the same time, for those of you selling or buying condominiums or townhouses, it is advisable to update real estate taxes as well, since the listing is often based on old information. The easiest way to check is by going to the City’s website www.nyc.gov/finance and going to the section on Property Taxes. You can find this information by using the listing’s block/lot or by entering the street address. The annual taxes will be shown which you can then reduce to the appropriate monthly expense.
