Brooklyn Condos - Brooklyn Houses for Sale

Brooklyn Condominiums (condos): Owner has a deed for unit, has a separate mortgage, pays property tax on the unit plus a percentage of the common areas and pays a monthly maintenance fee. A board of directors governs the complex with the owner having one vote. The condo owner has a fee simple absolute unrestricted ownership and is individually responsible for property taxes and maintenance fees. Use the sales price of condominiums with similar size, appeal, age, neighborhood in Brooklyn, incurring similar maintenance fees, etc. to determine market value. Ask owners in the complex what they like and dislike about both the unit and the complex. How good is the sound proofing? End units and upper units generally sell for more when sound comes into play. How is its location in the complex? Is it near downtown Brooklyn or will you have to commute? Next to an access street, parking facility, pool? Look for units that are not adversely affected by these. Stay away from predominantly rental condo complexes in Brooklyn, those having more occupants that are renters. They are often poorly maintained as absentee owners usually vote against improvements and increases in maintenance fees. When buying condos in Brooklyn, it is always good to ask lots of questions.

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Brooklyn Houses for Sale - Brooklyn Condos