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Doorman

Started by newmove1
almost 14 years ago
Posts: 57
Member since: Feb 2009
Discussion about
Any ideas about how much the value of a unit in coop or condo increases if the building has a full time doorman?
Response by walpurgis
almost 14 years ago
Posts: 593
Member since: Feb 2009

Substantially. Next question please.

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Response by NYC_RE1
almost 14 years ago
Posts: 14
Member since: Aug 2011

It all depends on how much someone values having a doorman. Most people prefer having one, but your carrying costs will be higher.

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Response by 300_mercer
almost 14 years ago
Posts: 10659
Member since: Feb 2007

Every thing else is rarely the same. Hence difficult to answer. However, it is usually worthwhile to have a doorman with 100+ units otherwise per unit cost is too expensive to employ 4-5 doormen which average 50-60K including benefits. Even though the price should not be different as your maintenance would be higher, there is some premium for a door man building with 100+ units in my experience. If you have a small full service building like 445 Lafayette, maintenance costs are prohibitive and may actually bring down the price.

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Response by ThomasTT
almost 14 years ago
Posts: 14
Member since: Mar 2012

That depends on the doorman, you cannot assume that quality of all doorman is the same

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Response by caonima
almost 14 years ago
Posts: 815
Member since: Apr 2010

doorman means more monthly maintenance, thus the value of the building/unit drops

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Response by renterjoey
almost 14 years ago
Posts: 351
Member since: Oct 2011

Doorman also means security when you walk in building late at night. I believe husbands and fathers prefer to have their wives and daughters walk in a building that has a doorman, particularly late in the evening.

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Response by West81st
almost 14 years ago
Posts: 5564
Member since: Jan 2008

300_mercer hit the key point. It's very difficult to isolate the one variable. Doorman buildings tend to differ from non-doorman buildings in other ways too: Size, location, amenities, condition, other services, etc., etc.

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Response by FreebirdNYC
almost 14 years ago
Posts: 337
Member since: Jun 2007

Think it also depends on the submarket. I would think that in the luxury Upper East Side 3br+ market, non doorman would be a huge value hit as it is an expected amenity and a market where people will pay up for services. If it is a studio in the East Village where most of the housing stock is non-doorman and you typically have more single people, will be less of a difference.

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Response by downtown1234
almost 14 years ago
Posts: 349
Member since: Nov 2007

While there are some exceptions and this is a very broad statement, doormen buildings tend to be nice than non-doormen buildings. Thus, as others have said, it is difficult to make apples to apples comparison. Having said that, a 100 unit (or even a 70 unit) building without a doorman would be priced significantly lower than one without a doorman. Then again, the vast majority of 100 unit buildings have a doorman. I recall very few apartments that have over 75 units that don't have a doorman. Doesn't mean there aren't any - but when I was looking to buy, I remember seeing very very few of them.

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Response by caonima
almost 14 years ago
Posts: 815
Member since: Apr 2010

what kind of husbands and fathers would want their wives and daughters walk in late in the evening??? donald trump?

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Response by renterjoey
almost 14 years ago
Posts: 351
Member since: Oct 2011

if you had a daughter that graduated college who wanted to rent an apt in the city would you feel more comfortable if she rented an apt with a doorman or without a doorman? Forget about the fact that she may come home late at night from work or from being out with her friends.

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Response by NYCMatt
almost 14 years ago
Posts: 7523
Member since: May 2009

It's not just *security*.

Doormen keep the riff-raff out -- like those people who knock on doors trying to sell power company scams and the like. In non-doorman buildings, generally they just ring a bunch of buzzers and let themselves in, and plant themselves in the building.

Also, having someone there to accept your packages and deliveries is worth his weight in gold.

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Response by bob420
almost 14 years ago
Posts: 581
Member since: Apr 2009

A good live in super is much more valuable than a doorman.

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Response by hol4
almost 14 years ago
Posts: 710
Member since: Nov 2008

used to be anti-doorman, but it's been super convenient for me.. letting time warner in, fresh direct, dry cleaning, even when i'm just in the apartment next from mine srewing my neighbor, one even letting me know via intercom (coded, using his wrong name) if my Grindr guest is hot or not prior to sending him up, and i've finally learned to appreciate a door being held for me and my guests, though it took nearly a decade.

but as others say it's all subjective, but yeh i def prefer dm builds

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Response by West34
almost 14 years ago
Posts: 1040
Member since: Mar 2009

re: even letting me know via intercom (coded, using his wrong name) if my Grindr guest is hot or not prior to sending him up,

very funny

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Response by jason10006
almost 14 years ago
Posts: 5257
Member since: Jan 2009

"...The search for the city's dreamiest doorman, which began accepting nominations last week..."

http://online.wsj.com/article/SB10001424052702303425504577352363475969168.html?mod=WSJ_hps_editorsPicks_3

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Response by caonima
almost 14 years ago
Posts: 815
Member since: Apr 2010

curious, how about the richer people who own a townhouse in NYC, do they also hire a doorman standing outside their door all day long?

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Response by NYCmodern
almost 14 years ago
Posts: 100
Member since: Dec 2011

Having a doorman is great, but it increases your monthly maintenance which could end up hurting your sale price. I live in a non doorman coop and if the board wanted to hire a doorman I would definitely be against it. I can already get packages and there is a live in super so I wouldn't want to pay that much more in maintenance just for extra security.

Plus, I lived in a doorman rental building and I didn't feel any more secure than I do now.

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Response by NYCMatt
almost 14 years ago
Posts: 7523
Member since: May 2009

"I can already get packages and there is a live in super so I wouldn't want to pay that much more in maintenance just for extra security."

Must be nice to have a super who does nothing but sit in his apartment all day and collect packages.

So who actually does the WORK around the building?

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Response by NYCMatt
almost 14 years ago
Posts: 7523
Member since: May 2009

"curious, how about the richer people who own a townhouse in NYC, do they also hire a doorman standing outside their door all day long?"

If you can afford $10 million for 6,000 square feet of space, chances are you're also paying someone full-time to clean it. Chances are there will always be someone at home to accept packages, whether it's the owner, the housekeeper, or whomever.

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