Extremely low monthlies

[cjchappas]

This listing has extremely low monthlies...less than $500/month. I take it that because it’s a low floor it has a low number of condo shares, but how is this fair to the other units in the building?


Check out this new listing I found on StreetEasy
https://streeteasy.com/sale/1470247?utm_source=ios&utm_medium=app_share&utm_campaign=sale_listing

 

[John Walkup]

The shares are allotted by the sponsor based on .... something. Never really about fair, per se, vs eliminating free riders. So if you have a unit with a large terrace where a lot of common funds need to be spent on maintaining roof integrity, then monthlies will be *usually* significantly higher than a low floor, interior unit.

 

[William]

Would it be a good idea for an all cash buyer to buy this unit and rent it out for $2,500? Is that a realistic figure in this market? What type of listing discount could an all cash buyer expect on this unit?