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Upper West Side and school zones

Started by NewYork23
about 11 years ago
Posts: 0
Member since: Aug 2013
Discussion about
How tied are the real estate values to public school quality on the Upper West Side?
Response by jaredmb05
over 10 years ago
Posts: 23
Member since: Jul 2014

Any insight on this?

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Response by urbandigs
over 10 years ago
Posts: 3629
Member since: Jan 2006

its a difficult thing to filter out and quantify on its own simply because in Manhattan, every bldg is its own little marketplace..so given that fact, its hard to separate, is a bldg trading higher because of school zone or because it offers attributes buyers deem more valuable (ie, prop type, service level, amenity set, specific location, apt sizes/views, etc) - with that said, if you group sales by school zone, Im sure you will see some kind of difference..just hard to quantify/filter out without the other variables interfering. That is probably the reason there are few comments on this. If I had to answer, its #6 or #7 on the list after the attributes I mentioned above.

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