Sale at 950 Park Avenue MAISONETTE

Lloks over-priced regardless of the zoning. The renovations, landmark approval, and board approval make this a very unique purchase for a buyer with both patience and a tolerance for potential issues.

It's my understanding that most maisonettes on 5th & Park Aves were built as residences, with later approval to turn them into offices, so why should it be so difficult to reverse that? Landmarks will only care about the doors and windows visible from the street. If you're going for a maisonette, you may as well get one with it's own exterior entrance -- doorman doesn't see who's coming and going. I think the biggest challenge would be with the board -- it's a small building. (Personally prefer the original floorplan of 6B, maid's quarters and all).

It seems like there are so many maisonette's on the market right now--some have languished quite a while. I wonder how buyers think about this in resale value. If the original owners can't sell them in this market, then resale in another market would be quite difficult.