Square footage inflation

It's easily 850-900sf. The living room alone is 450sf. This is really not the worst example of square footage inflation. You can't compare by apartment line alone in this building. Different floors have different layout.

It's not "easily 850-900 sf". GENEROUSLY it might be 850.

When it is a Bing & Bing building you add 25% to the sq/ft number. You didn't know about that rule?

It's hard to know for sure, but looking at the floorplan, I would guess 875sf. I guess I'm jaded, I've seen so many 950sf turn into 700sf, within 10% feels acceptable.

its a condo. you have to also factor in all of the communal space(hallways,lobby ect)and assign that units percentage of those areas...

i counted 825-840... this "you have to add some common areas to the square footage" is bull that needs to stop. common areas are COMMON. 1/50th of the elevator is not yours. 1/2 of the hallway that runs the length of your apartment is not either and neither is 1/50th of the lobby. i've spoken to people who say that closets should not be included, but i disagree. if that was the case, no new development would build any.

ab,
couldn't agree with you more "i think its bull", but unfortunately the bylaws of most condos in nyc clearly state that common areas are factored into your square footage...believe me i am buying one right now and find it troubling but unavoidable

moxieland, no, the bylaws don't say that. It's the offering plan and condo declaration that specify the size in square feet and the PCI. That size is the one you then see referred to in ads. You own x square feet and then share common ownership of y square feet. Nowhere is y itself specified.

when buying coop or condo, it's irrelevant what the offering plan says. you measure the sq ft of the apartment and divide the price by it. don't listen to the brokers, the offering plan, the crack head on the corner (sorry, had to throw that in lol).

if everyone was to follow offering plans only, the coops would really be much better buys. each owner would be getting 100+ sq ft as opposed to condos.

ab - a lot ( if not most) of the older coops don't show square footage in their offering plans - only number of rooms, bedrooms/baths, number of shares. It's the brokers who come up with the sf. numbers, and put in the "estimated" disclaimers to avoid being sued.

when it comes to condos, the sft is listed in the offering plan. Yes that interior sft may contain the common elements (the unit owner's portion of hallways, lobbys, etc) but that largely was a 2005-2007 phenomnenom as developers sought ways to raise the interior sft to justify very high prices per sft on open market. I know Ariel West did this and actual interior was a good portion lower than marketed interior sft...all you had to do is ASK, and the sales reps would tell you, 'YES, the unit's allocated portion of common elements is included in the interior marketed square footage'...I know, I asked and I was told this in 2007 when looking out for my client at a presentation.

The ABOVE apartment not 950sft but I can see it being not as much off either as some may suggest...

LR - 450sft
BR - 192sft
WIC - lets give em break, 30sft each totaling 90sft
KITCHEN - maybe 80sft
BATHROOM - maybe 50st (almost looks as big as first walk in closet on right)

That totals 862sft not counting the FOYER area..that someone may use for a dining room area outside kitchen..What we do not know is if that 30' in LR is calculating in the FOYER length!

fyi - my figures for WIC and BATHROOM are very generous I think as noted in above...likely WIC is not even close to 30sft, but I wanted to give them benefit of doubt...

nwt,
thx yes offering plan not bylaws

It is inflated but not that bad compared to others. It is easy to count 850 sq ft (as urbandigs did). Exterior walls some times are included in the condo filing plan. Will be interesting to know what the condo filing plan says.

in this day of software everything...i would think there would be a program where you could scan in a floorplan, give one dimension as a given (length of one wall or whatever), and then it would calculate the sf for you?....

jim, unfortunately the people who create the floorplan are not using CAD or something similar. this means that there's no way to do this. i've seen some done in Photoshop with no rime or reason when it comes to scale.

I know its not already in any software..which is why I said scan. I mean, I thought there were programs where I can lay an ashtray on a scanner and it starts drawing it in a program...so i would think some program could measure flat line dimensions....but ive never used this kind of stuff...

"its a condo. you have to also factor in all of the communal space(hallways,lobby ect)and assign that units percentage of those areas..."

You also need to factor in all the communal space within five square blocks of the building (sidewalks, subway stations, Starbucks) and assign that unit's percentage of those areas.