Is this really the intersection to live at?

https://www.google.com/maps/place/40.72417,-74.008156

I'd be more concerned that the stated square footages are at least 20% exaggerated. If real estate brokers were regulated like stock brokers, that 1230 SF would be listed as 950.

Most likely this square footage is coming directly from the offering plan via the architects drawings.

And the architects' calculations include square footage in hallways, lobbies, roof decks, sidewalks, and the street to the center line.

Keith, do you think that now that buyers brokers have to earn their commission, some might start buying their own square footage reports as a way to haggle sellers down and prove their value?

Example: "You say it's 1200 SF but actually it's only 980 according to our square footage guy, so the price per square foot isn't $2000 it's $2450. So you should accept my client's offer of $x even though it's well below ask. It's still a great price per square foot."

I think the more interesting question is how will these changes regarding brokerage commissions affect the brokerage community in New York City? I'm going to post something about that when I get a minute. Also, I've got some direct experience with it outside of New York City.

At least with condos we have the standard that I'm assuming all architects adhere to when measuring an apartment. With co-ops, it's certainly more of the wild west since square footage is not published anywhere. And most co-op listings don't publish square footage.

I know we always double check the square footage when it's listed on a co-op as part of our initial due diligence on a property for a client.

Virtual doorman means your packages get virtually stolen.

Over 20 years ago we had bought a 2 BR unit at 530 West End Avenue and I was in the process of marketing it. I used the Offering Plan SF of something like 980SF. There was another 2 BR unit on the market with an Offering Plan SF of something like 930SF. However the agent on that one had $1,100SF on the listing. We got a low offer and the reason the buyers broker gave was that the other one was listed at a lower price but it was a bigger unit.

Perhaps the answer to getting square footage correct. Make agents have a professional come in and measure the apartment if they're going to post or make a representation about square footage. I certainly would not be opposed to that.

Are real estate agents really good at measuring?

This is what we use to estimate square footage:

https://youtu.be/MXOxAvVp5Ns?si=2RE9j0eRg9uj7U65