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How much lower should a ground floor apt be

Started by buyer11
over 15 years ago
Posts: 179
Member since: Feb 2010
Discussion about
How much lower should a ground floor apt be compared to the same line on higher floors. For example lets say 2nd floor is 700k what would one offer for a ground floor unit in the same condition assuming everything else is the same?
Response by buyer11
over 15 years ago
Posts: 179
Member since: Feb 2010

any thoughts guys?

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Response by bob420
over 15 years ago
Posts: 581
Member since: Apr 2009

10K more

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Response by kylewest
over 15 years ago
Posts: 4455
Member since: Aug 2007
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Response by Riversider
over 15 years ago
Posts: 13573
Member since: Apr 2009

being on the ground floor is low enough. otherwise you are a basement apt.

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Response by Truth
over 15 years ago
Posts: 5641
Member since: Dec 2009

Riversider:..otherwise you're a buyer in the cellar.

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Response by nyc10023
over 15 years ago
Posts: 7614
Member since: Nov 2008

Knowing nothing about the building, I would say at least 30%-50% lower.

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Response by Truth
over 15 years ago
Posts: 5641
Member since: Dec 2009

Does the price include window treatments? Security bars on the windows?

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Response by maly
over 15 years ago
Posts: 1377
Member since: Jan 2009

I think your question is too general to answer properly. Post-war, pre-war, midrise, highrise, brownstone? residential street, commercial, bars, restaurants, over a busy corner? windows overlooking the street, backyard, alley? Close to mechanicals, next door to the trash? Elevator building or walk-up? how's the light?
It could be anywhere from 50% less to 20% more, depending on the answers.

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Response by ab_11218
over 15 years ago
Posts: 2017
Member since: May 2009

Is it an above ground first floor or below or even? If above or below, by how much?

Just a few more questions that need to be answered prior to assessment.

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Response by peaksie
over 15 years ago
Posts: 31
Member since: Dec 2007

ground floor= maisonette. It all depends on something-or-other.

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Response by buyer11
over 15 years ago
Posts: 179
Member since: Feb 2010

thanks for the feedback yes the question was very general a little more info, pre war, ues, quiet tree lined street elevator building limited light

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Response by nyc10023
over 15 years ago
Posts: 7614
Member since: Nov 2008

?For large apts on the uws (I don't know how much that matters v. ues), look at closings at 270 WEA and 500(650?) WEA for maisonette apts.

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