There is no such thing as a condo with no maintenance fee. If there was no maintenance fee, who would pay for the upkeep of the building? Furthermore, the building would pretty soon have a lien from the NYC government for unpaid water and sewer charges. Therefore, you can’t just let a building deteriorate even if you wanted to as you need to pay for basic charges like water, sewer and garbage collection.
To summarize, a condo with no maintenance fee does not exist in NYC because the building needs to at a minimum pay for basic municipal services like sewer, water, and garbage collection. As a result, a frugal group of condo owners in a building would still have to have a minimum monthly condo maintenance fee to pay for these basic city services if they don’t want a government lien on their building.