Psf or Layout of Apt?
Started by babsie02
over 17 years ago
Posts: 139
Member since: Mar 2008
Discussion about
I am looking at an apartment in Brooklyn Heights/Downtown Brooklyn that is currently asking $586/psf. Now, this apt. has 2 bed/2bath. A comparable apartment in the same building is asking $501/psf but there is only 2bed/1 bath. When negotiating, do you argue that the psf is too high because the 2 bed/1 bath is going for $501 psf or does the extra bathroom somehow justify the higher psf asking price? The 2bed/2bath is about 40 square foot larger than the 2 bed/1bath. Thanks.
Price per square foot is an imprecise, even arbitrary way to valuate any given apartment. At best it's a rough guideline.
There's likely a good reason why the smaller apartment is a bit more expensive, including better light, better view, or better layout. Or it could be that it's just in better condition.
I think the 2nd bathroom justifies the price difference, since for some people not having a 2nd bath in a 2 bed would be a dealbreaker.
I personally never understand this fixation on price per square foot; if that is the only criterion, we'd all be jockeying to live in a storage space under the LIE. Can you comfortably afford the price? Does the place make you happy & you can see yourself there for a good long while? Do you like the neighborhood, the street, the building, the view? There are so many intangibles to any living space that ppsf seems just a ridiculous idea to me. That's MY 2cents.