When 2 apts in same small building go on sale at once....?

If it was the floor right below yours, there might be reason for concern. But ground floor apartments are a niche market ... usually elderly or disabled persons prefer them (easier to enter/exit without having to use an elevator or stairs). I don't think 2 units in one building, even a small one, would raise any flags. Even if the buyer didn't know this, if they enquired their attorney would advise them that it's not a sign of any problem.

I dont think anyone will interpret two units for sale at the same time as being a red flag. You may even find some synergies in that the dual listing might drive more viewing traffic because potential buyers can see two similar sized units at the same address.

You will want to be conscious about how you price your apartment relative to your neighbor, because prospective buyers will certainly take note.

That's good news. I assume his apt - 1st floor with a yard (you go up a stoop to enter) would be worth more than mine - 4th floor no yard. Right?

that's an interesting question which of course leads to the next one: how much of a difference? presumably you get a lot more light? i think there are subjective issues that come into this--some hate climbing stairs, some are afraid of the first floor from a security point of view. will be interesting to hear about how this works out.

Yes, lots of light up here. First floor guy told me his place was appraised (by a broker) at $650K recently. The guy directly downstairs from me in the same layout but 3rd fl walk up said when he refinanced in July they appraised his place at $550K (I guess a real appraiser did that one). That is a huge discrepancy. These places are about the same size in the same small brownstone. I guess a broker would quote on the high end and an appraiser on the low end? Still, that's a 100K difference!

How big/nice is the yard? If the apartment is big enough and in the right school zone, I would think a lot of families with young kids would prefer the 1st floor unit (yard for the kids to play in and no 4 flight walk with strollers/small kids). So, $100K difference may not be that far off (also have to consider the condition of each unit of course).