How much to offer for 2 apts that need to be combined?

do you really think that anyone could intelligently answer your question based on the facts that you have presented?

OK - sorry. Its an UES doorman building, no amenities, east of lex. Original apt is a 7 room apt, and will be combined with a 2 bedroom. No terrace, been on the market since about December.

Maybe your question instead should be:

Approx how much/long to combine 2 apartments on the same floor

Then discount this value(also taking into account time) from the market price of a similar size/combined apartment..

I think that I would figure the cost of the work required then decide the value of the completed unit; the value of the completed unit less the work is the current value of the 2 units. The combined monthlies are often daunting but you at least have the benefit of being able to live in the one while the work goes on next door & then finally open the walls between them (ideally0.

No way. In this market -- there must be a must larger penalty for mandatory renovation work -- especially wall and electrical work to combine and permits, etc. Plus, the building must approve both -- separately? Thus a risk if it does not work.

Take market rate for space at $950/sq. ft -- then subtract renovation costs and carry and headache. I would say $2.1 million as a max.

I agree that in this situation, or indeed in any situation where there is substantial renovation to be done, the party undergoing the work ought to benefit from that work. I do not agree that if a xxx mint apartment would cost A and the same apartment in estate condition would cost B then the cost difference ought only to be the cost of the work needed to make B into A. How much discount is of course a matter for negotation, but the effot of the work and the time it takes and dealing with the problems that will occur is worth something meaningful I believe.

I think that made sense.