Common Charges · Real estate · Reinvent NY glossary
Common charges in New York condos run a median $12.30 per square foot a year, or about $1,025 a month on 1,000 sq ft. Manhattan runs 56% above Queens.
→What HOA and common charges actually cost in NYCCommon charges are the monthly fees paid by condominium owners to cover the building's operating expenses. In Manhattan, common charges typically range from $1.00-$3.00 per square foot — meaning a 1,000 sq ft apartment pays $1,000-$3,000/month. These fees cover building staff (doorman, super), maintenance, common area cleaning, elevator service, insurance, heating/cooling, and reserve fund contributions. Unlike co-op maintenance fees, common charges do not include property taxes (paid separately). Common charges tend to increase 3-5% annually.
The four states international buyers ask about most: New York up 5.2% on the year, California at a 4.22% yield, and what Texas and Florida really cost.
Indiana, Missouri and Ohio in 2026: state gains of 3-3.5% on the year with yields of 5.75-6.61%, and the secondary cities quietly outperforming the metros.
Baltimore in 2026: a $192,669 typical value, $1,799 rents and an 11.2% gross yield — the highest on the Northeast corridor, and what the price is telling you.
Ohio in 2026: a $251,502 state median up 3.5% on the year, with Cleveland at a 14.13% gross yield and Columbus at 6.96% — and what separates the two.
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