Friday, July 31, 2015

FLORI DE LEON Apartments Co-op, Downtown St. Petesburg

Sign welcoming you to Flori-de-Leon Apartments Co-op

 Flori-de-Leon Apartments, built in 1926, became the first cooperative residential building on Florida's West Coast.  Co-ops are actually more numerous in Manhattan than condos, but in St. Petersburg and most areas of the country there are far fewer than condominiums.  Briefly, how does a co-op form of ownership differ from a condominium?  If you posess a condominium, you actually have a deed to your own unit, as well as a certain specified percentage of the common areas such as outside walks, roof top garden, recreation facilities etc.  

 A cooperative owner does not actually own his or own unit.  He or she owns shares in the coooperative association which as a corporate entity owns the entire building, individual units as well as the common areas.  In the Flori de Leon Apartments like most co-ops, all of the utilities--including electric, water, sewer, trash, maintenance of building, full-time manager,--are paid through the HOA dues.  These currently run from about $1515 to almost $3400 quarterly.  The HOA fees vary according to the size and location of the individual co-op apartment within the building.
Front courtyard off of 4th Ave N.




http://www.florideleon.org/


The HOA operating fees
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5 comments:

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