This seems to be looking at the outside and getting an assessment?"

Not sure how assessments impact the costs, so any pointers would be great3.

Triplex-1 unit is a 2 BR/1 BA that gets $750/month.2 units are 1 BR/1 BA and get $695/month each. ( I would live in one of these)Total rental Income of property each month is $2,140, or $25,680/yr.Monthly expenses are:RPU - $150MN Energy - $120Trash - $20Insurance - $140Taxes - $151Total monthly expenses: $581/month or $6,972/yr.He told me that he just had a market assessment done and with a realtor it would list for 175,000k.

I am in the process of looking at other surrounding property to see if my assessed value is higher.To the point of your water issue, I should pay closer attention to what mine says but as I looked at it the majority charges were from the assessed value.

You would want to ascertain all of your cost, escrow fee, HOA dues, insurance if not covered by the HOA dues, You will want to do a walk through the unit to assess any existing or needed repairs.

Once you file a permit, does it automatically trigger NYC Finance to come visit and assess your home for property taxes?

Personally, I give no weight to a Zestimate "AT ALL" but I do use the recent sold, tax information, sales history, foreclosure, school ratings, etc... to make my assessment.

Tax assessed value is $168,200.  

I’m totally open to dropping the price even further, but now my confidence in my comp-assessing ability’s been shaken a little, lol.

Tony,When you are looking at that price range with HOA fees just make sure that you understand all the sunk costs, turn over for that asset class, and potential assessments that you might be facing.