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That was Then, This is Now

Started by inonada
about 4 years ago
Posts: 7931
Member since: Oct 2008
Discussion about
Thought I'd start a thread with side-by-side comparisons of what was available last year vs. now in the NYC RE market. There's probably a bias in what I post, as it'll be the best of what was available last year against the typical of what's available now. But it's all in good fun. I'll put up rentals, as that's what I stare at, but buyers out there should do the same.
Response by inonada
about 4 years ago
Posts: 7931
Member since: Oct 2008

Last year: https://streeteasy.com/rental/2938048
Now: https://streeteasy.com/building/residences-at-the-mandarin-oriental/73e

So for a 20% higher ask, you used to be able to get:

- 2.5x the square footage
- 2 extra feet of ceiling height
- better exposures (more expansive; park-facing)
- no-expense-spared designer renovation vs. developer finishes

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Response by Admin2009
about 4 years ago
Posts: 380
Member since: Mar 2014

Great stuff for sure,
and another example of Buyers need to be aggressive when the world is "coming to an end"

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Response by Anton
about 4 years ago
Posts: 507
Member since: May 2019

with the crooks keep adding digits to money quantity, there are so many ends to the worse and starting of the worst

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