New York City real estate is full of confusing terminology and nuances. For example, there are important differences between a condo, co-op and condop. Renters should be aware of something called a no-fee listing. Then there are rent-stabilized apartments, which should not be confused with rent-controlled apartments. For this post, we tackle the meaning of a full-service building. What does that actually mean?
Full-Service Buildings Provide More Than Doormen
Full-service buildings in NYC go beyond just having a doorman. A full-service building is usually staffed to the hilt with a full-time doorman, concierge, and maintenance personnel — all often on-call 24 hours a day. Typically associated with more high-end residences, these buildings may also include a superintendent and porter and other staff to keep the building running smoothly around the clock.
Full-service buildings offer services and amenities with a staff ready to help residents with a myriad of tasks. Need to ship something or require assistance with a repair in your apartment? The concierge has you covered. While they may come at an extra charge, some even offer dog-walking and dry-cleaning services. These conveniences are so enticing that Forbes suspects these shiny, amenity-laden full-service condo buildings are giving co-ops a run for their money.
Whether you’re looking to buy or rent, scoping out a full-service building means you’re in for a range of amenities. These perks can vary wildly, from communal outdoor space and lounges to pools and on-site co-working spaces.
The Drawbacks of Living in a Full-Service Building
What’s not to like about a full-service building? Similar to the challenges of living in a doorman building, some folks may find these residences are not a lifestyle fit. The two main drawbacks are:
- Privacy: Perhaps you don’t want anyone else to know about your takeout habits or addiction to fancy snacking fare from Goldbelly.
- Costs: The convenience offered by full-service buildings comes at a premium. Plus, come holiday time, there are plenty more people to tip than just the doorman. Depending on how heavily staffed your building is, you could be shelling out quite a large bit of cash.
Are They For You?
While full-service buildings do come at a higher cost, some feel it is worth the splurge for convenience and safety. If you’ve got the cash, testing a full-service building may be a worthy experiment.
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