Assessment: No Reason to Panic!

Apr 29, 2007

Having a bad day because your coop just socked you with a $3,000 assessment for building improvements? Don't be too depressed. Yes, nobody wants to be a hit with another bill, particularly in high-cost Manhattan. But, what if that $3,000 is being used to spruce up your lobby, which may be in sore need of sprucing up? A renovated lobby can add tens of thousands of dollars to the value of your apartment: not bad for a $3,000 investment.

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