A 4,400-square-foot apartment in the Financial District is back on the market asking $3.9 million. But buyers beware, the unit in the Liberty Tower at 55 Liberty Street comes with an incredible $12,257 a month maintenance fee attached.
That is more than six figures a year in maintenance fees for a triplex apartment that admittedly has high ceilings and great views, but apparently no butler.
Just last year, the apartment listed with Warburg Realty’s Deborah Lupard and Andrew Feiwel for $2.68 million with a $7,995 maintenance fee. Then earlier this year it relisted with Douglas Elliman for $2.8 million with the same nearly $8,000 per month fee, according to Curbed.
Now the apartment is listed with an Elliman team consisting of Raymond Dillulio, Lisa Interdonato, Fredrik Eklund and John Gomes. So what accounts for the sudden maintenance hike? According to the listing, the previous fee had been a $3,623.50 per month owner incentive intended to last three years. However, as the market has become more competitive, the owner seems to no longer be worried about offering discounts. [Curbed] –Christopher Cameron