What is the premium on a real 3 bedroom?

For starters, it's not really a real 3BR ... it's a combo, with all the attendant weirdness of an almost-works but not quite new floorplan.

I actually think it is beautiful, just not sure what the price/sq foot is on a 3.

what does it mean? real?

I meant that this is a REAL 3 bedroom - versus a crafted 3 bedroom that is only a 3 because the dining room or something else equally awkward was cornered off into a 3rd bedroom. I agree it is beautiful, but not sure about the price.

Real might mean...in it's original inception a floor plan that was MENT to be a 3 bedroom.
This is two floor plans 'jimmied' together to make one.
Not terrible at all if you ask me.

I think the question might be...what premium might you pay for a third bedroom over a two bedroom if everything else is held constant (except sq. footage). The answer might be best expressed as a percentage when comparing comps. In addition, I don't know the answer to a question I think I just made more complicated. Think of that third bedroom as the summer house shanty at the beach you always wanted but have to sacrifice for 180-230 sq/ft.

What premium would you pay to walk through the kitchen in order to get to your bedroom? And would you prefer to be called 'maid', 'housekeeper', or 'home-based professional domestic engineer'?

ok so it is somewhat subjective.(I thought I had a "fake" one here for a minute.breathing better now). what if you have a 3 bed loft. it was not "meant" to be 3beds or anything (was a factory). still counts?. now why would there be a premium (as opposed to higher price bc bigger sqft). seems very subjective (to me)

I think falco you CAN'T consider sf constant. It seems like OP is calling this apartment (which is really just a six-room apartment with the smallest bedroom being a regal 12 by 16) "real" versus a "Classic Six," which is a six-room apartment with the smallest bedroom being smaller than that ..

But as we know, there are Classic and there are Classics, and there's a premium even then for layouts with a 10-foot maid's over a 7-foot maids.

To get to what the OP calls "real" in terms of most West Side apartments, you'd have to start with a Classic Seven, and even then, you aren't ending up with three-and-a-half baths.

ali r.
DG Neary Realty

f_p,
everything else is held constant (except sq. footage).
can't keep the sq/ft constant then there is nothing to discuss.

i agree that a real room for a bedroom does not a 3 bedroom home make. i also offer for The Board's consideration the statement that a 3mil house with a master bedroom through the kitchen and the person who buys it deserve eachother. bottoms up. happy sunday!

LIS,
*snort*

ali

In regular buildings with both 2- and 3-bedrooms the living rooms etc. in the 3-bedrooms are often larger/grander, so hard to compare.

A non-regular building where the apartments are the same except for number of bedrooms is http://streeteasy.com/nyc/building/190-east-72-street-new_york.

Four apartments per floor, two 3-bedrooms on one side and a 2-bedroom and a 4-bedroom on the other. Each bedroom has a bath.

Two-bedrooms have x shares, three-bedrooms have 1.25x and four-bedrooms have 1.5x. E.g., on 23 the two-bedroom has 600, the three-bedrooms have 750, and the four-bedroom 900. (Those numbers are off by a few shares, and the ratio varies a bit as shares increase from floor to floor.)

That's FWIW, as bigger apartments may have been valued less when that co-op was built in the 1960s/1970s.

The snobby new yorker who likes living rooms far away from kitchens and dinning rooms has one's maid's and nanny's quarters off of the kitchen. One simply does not have one's master bath off of one's kitchen. It is simply bourgeois.

And add to that the rich symbolism of having to step DOWN to your master bedroom. You might as well have to walk half a step behind your parlor maid.

Plus, more seriously, the guests' powder room through the kitchen? Really?

[in a Dame Maggie Smith voice] Indeed, Alan Hart. Why the very IDEA is simply revolting.

[In a Katherine Hepburn CT lock jaw] Egads. Once's "service" entrance leads to the "master" bedroom.

[In a Thurstan Howell III voice] I'll show you how to make a Manhattan.

ahaha, nicercatch, i love your first post. so much that you get a green thumbs up. 9 more and i think you win a toaster oven.

what does it mean? a toaster oven. (seriously I don't know. I will look it up).

Banks used to give toaster ovens as a prize for opening a new account.

'home-based professional domestic engineer'? lol lol lol

I actually think it is beautiful, just not sure what the price/sq foot is on a 3.

i love the way it's decorated, not sure about the floorplan. did the owners made a TV room out of the dining room?