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Value of a park view?

Started by leeleerae1229
almost 12 years ago
Posts: 7
Member since: Feb 2013
Discussion about
I was looking at apartments around Prospect Park. I found a building where there were 2 apartments that have the exact same layout and square footage, but one faces the park and the other faces the subway, which is outdoors. A bit more: Apt A: Faces subway, but on higher floor and has recently been renovated. Apt B: Apt faces the park and is in move in condition, but needs about 15K-20K of work to match Apt A. Based on this knowledge, what % difference that you think the apartments should cost?
Response by bramstar
almost 12 years ago
Posts: 1909
Member since: May 2008

This blog post by Noah on Urban Digs is a good place to start:

http://www.urbandigs.com/2007/10/the_importance_of_views.html

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Response by Ottawanyc
almost 12 years ago
Posts: 842
Member since: Aug 2011

Not much info, but you are basically saying a negative view versus a very nice one. So big difference IMO. Maybe 25%

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Response by Aaron2
almost 12 years ago
Posts: 1693
Member since: Mar 2012

Agree w/ Ottawa. Apt facing an exposed subway (even several floors above) is going to be significantly noisier, 24x7, than an apartment overlooking a park (even if there's a busy street between your window and the park). This is probably on Ocean Ave, where the Q comes above ground. For me, the apt in the back over the subway would be a non-starter.

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Response by leeleerae1229
almost 12 years ago
Posts: 7
Member since: Feb 2013

Thank you for your comments!

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