What do buyers want when purchasing a 2 bedroom 2 bath condo?

That isolated master bedroom is going to be tougher to find if you're restricted to a condo. If a condo, it's likely to be post-war, where the closets and baths that'd often serve as insulating elements in a pre-war will be in the core of the floor plate, not at the edge. Just looking at pre- and post-war buildings from the outside, you'll see that demonstrated in the window patterns.

Still, not impossible. Just something else to note when analyzing floor plans.

Thanks for your help.

A 3rd bedroom

We are in contract (I'm a real estate agent) on a 2-BR in the Onyx on West 28th, and I have a whole list of people who would buy the apartment we sold if we hadn't already sold it.

So from that, I'll take that buyers want: floor-ceiling windows, nice kitchens, W/D in the apartment, a tax abatement, and a price of around $1,000 sq./ft. on a building where they can get their mortgages approved.

If anybody's got one of those, let me know.

ali r.
[downtown broker}

Thanks front porch. Just a few questions if you don't mind.
1. Do you find buyers are very concerned about how much taxes will increase when the abatement period is over? We are factoring that into our decision.

2. Do your buyers generally only want stainless steel appliances and granite countertops in the kitchen or will they consider other styles?

Thanks again for your help.

But AR - it looks as if you lost monsey on this apartment

As in $100K +

Tax abtements have got to be the biggest scam in NYC. When the abatement expires, you can kiss your equity good bye.

"A: Let me be absolutely clear! The 421A Tax Abatement which is granted to developers by the city as an incentive to build and develop neighborhoods, is great for the developer's sales team as they ask top dollar for new units with temporarily low monthly expenses and a DUPE TO THE BUYER WHO INTENDS ON SELLING AFTER THE ABATEMENT EXPIRES!"

http://www.urbandigs.com/2007/04/biggest_scam_in.html

"temorarily low monthly expenses..." Hmm, where have I heard that before??? (cough, Option ARM, cough Option ARM).

AR - come on - tell us what you really think on this one.

AR - with your post on your sale - you might lose credibility on this - as in you could sell to a lot more people for less than you paid.

Sorry ,sorry - NOT AR=-FRONT PORCHE!!!

I just looked in my garage. It's spelled Porsche.

"a tax abatement"

I'm not sure I'd put that on that list of what buyers want: I think what they want is the low monthlies that are the result of having an abatement, but they really want them to last forever, not disappear like under an abatement.

why so many posts directed to front porche ph41? What are you, her freaking stalker?

President- no, it' just that she is saying she could sell her investment unit many times over - but, when you look on SE - she is selling for less than she bought

And she is a real estate professional.

Ali didn't say that was her investment unit. That's elsewhere. She's talking about a listing, something she's selling for somebody else.

ph41: gotta try to keep all the people here straight. it helps to read prior posts.

NWT, thank you -- I am talking about a listing I am selling as an agent. People who are familiar with my history of posting know that I don't like new condos very much, partly because of the rising costs problem as the abatements disappear, partly because I think they depreciate quickly as styles change and their newness wears off.

I find buyers will accept almost anything in a kitchen as long as it is new and has "brand names" -- which for the new condo buyers means a Miele, Bosch, or F-P dishwasher. So I think stainless steel appliances are fine, but I think white appliances can be fine too, and so can appliances hidden behind sheathing. Ditto on the countertop -- granite is an old standby because it is the best for a practical cook, but we are certainly seeing high-end composites (like CaesarStone) and other stones (like grey soapstones) working out nicely.

ali r.
{downtown broker}