Monday 24 August 2020

Manhattan homes with outdoor space sell at 5% premium

A private balcony or terrace in a Manhattan home has always been a perk, but in a pandemic they justify a boost in sales prices. Condos and co-ops with private outdoor space are selling for 5.4 percent more per square foot since March 15 than they were prior to the pandemic shutting down the city, reports Bloomberg citing a data analysis by appraiser Jonathan Miller. On the flip side, condos and co-ops without exterior space



source https://therealdeal.com/2020/08/24/manhattan-homes-with-outdoor-space-sell-at-5-premium/

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