pricing condo on high floor

Typically, in appraisals, they seem to add $10k per floor.

Here's Jonathan Miller's take on it: http://nymag.com/realestate/features/high-rise-appraisals-2012-4/

CB - So a 12th floor apt will only sell for 100k more than a 2nd floor apt in the same building? Give me some examples of those

Noah at Urban Digs has a great column on this

http://www.urbandigs.com/2011/11/floor_multiplier_valuing_low_f.html

JimBob, thanks for answering Apt_Boy's question!

There are always variations as a function of views/light, finishes/reno status, the "base price" of the apartment, etc., etc., but the general trend noted in the Urban Digs article, on average, appears consistent with my understanding.

strange how higher floor condos cost more, but for PCI and therefore NYC tax purposes, higher floors are equivalent to lower floors. that is what is known in certain circles as BS.

gcondo, that's often the case, but not always.

E.g., at the Laureate there're three floors -- 9 through 11 -- with identical floorplans. The PRCI on 10 averages 0.57% more than 9, and 11 averages .572% more than 10. That doesn't correspond with prices, as it'd be only about $11,000 on a $2,000,000 apartment, but at least the sponsor attempted to make a distinction.

... A ............. BC ............. D ............. E ............. F ............. G
.9 1.3425 ............. 1.9665 ............. 1.2627 ............. 0.8183 ............. 0.9931 ............. 0.4329
10 1.3486 +0.454% 1.9787 +0.620% 1.2688 +0.483% 0.8244 +0.745% 0.9992 +0.614% 0.4353 +0.554%
11 1.3547 +0.452% 1.9909 +0.617% 1.275 +0.489% 0.8305 +0.740% 1.0053 +0.610% 0.4377 +0.551%

wow, thank you all for the great replies. they have helped me immensely