Skip Navigation
StreetEasy

how do studios hold up, traditionally

Started by e76
over 15 years ago
Posts: 226
Member since: May 2009
Discussion about
do studios ever appreciate faster than the market avg? or do they just show slight upticks in bull markets and big declines in bears? i'm thinking long-term investment strategy...
Response by marco_m
over 15 years ago
Posts: 2481
Member since: Dec 2008

steve?

Ignored comment. Unhide
Response by front_porch
over 15 years ago
Posts: 5325
Member since: Mar 2008

In the 80s recession studios fell big, and in the 90s recovery they gained big... I bought in Chelsea for $65K in 1996, and sold in 1999 for twice that.

In 2009-2010 it looked like they fell about 20% and then traded, but how much of that was the first-time homebuyer tax credit? I own an investment studio, but haven't tried to sell it. I will say that now the starter apartment market seems slow and not much seems to be happening.

ali r.
DG Neary Realty

Ignored comment. Unhide
Response by julia
over 15 years ago
Posts: 2841
Member since: Feb 2007

park west village..studios in '05 were selling for $350k, current prices are $550k.

Ignored comment. Unhide

Add Your Comment

Most popular

  1. the kids aren’t buying
    22 Comments
  2. Why private school?
    14 Comments
  3. Ken Griffin is upset with Mamdani
    28 Comments
  4. Real estate or Bitcoin?
    3 Comments
  5. Are Park Avenue and/or UES dead?
    12 Comments