Yes, your land value would be zero since you don't own any land.
Yes, the one time charge for capital assessments are part of your cost basis of the apartment.
Any ongoing assessments will be an expense each year if applicable (charged for such things as building and lawn maintenance, and sometimes certain utilities depending on the specifics for your co-op).
@rahulv85
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
