(Crain’s) — Monthly common charges and maintenance fees at 450 residential buildings across the city will continue to increase next year, and in some cases may rise as much as 7.5% from 2010 levels, according to an analysis conducted by the buildings’ property manager, Cooper Square Realty Inc. The increases are in line with the recent years’ track. Condo owners will likely see average annual increases of 4.5% to 6.5% in 2011, while co-op owners are expected to see annual increases of 5.5% to 7.5%, according to Cooper Square, which recently analyzed each of its building’s annual budgets. Most of the spike comes from increases in heating, electric, water and sewage costs, as well as more expensive labor resulting from a new four-year agreement between Local 32BJ and the Realty Advisory Board, said David Wurtzel, president of Cooper Square.
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