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New York

Maintenance, common charges rising

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Maintenance fees and common charges for the city’s co-ops and condos are rising, and co-op managers say it’s because of increased expenses and property taxes. The fees have risen 7 to 12 percent at the 300 Manhattan co-ops and condos managed by Cooper Square Realty. Halstead Property Management said the co-ops it operates are seeing fees increase 8 to 14 percent, double the usual rates. “This is by far the largest general increase we’ve had since 1987, when we became a co-op,” said Andrew Cooper, president of Residence Resource, which manages the Lincoln Towers co-op where maintenance fees are increasing 15 percent.