Terrace Lovers Have Choices
A: If you are actively looking for a NYC apartment with a great terrace now is a good time to find some. In addition to one of my own listings at 245 East 93rd Street I just put on the market, here are a few other good looking terrace apartments that I found in today's NY Post Article titled, "Great Outdoors".
NOTE: When buying a terrace apartment you need to calculate how much of a premium the outdoor space is asking for when compared to other apartments for sale in the same building. So I included the PPSF (price per square foot) for the following terrace apartments as well as the average PPSF of the other apartments for sale in the same building; where there were more actives to compare to.
Upper East Side: 245 E 93rd St; Apt. 2M
Interior Size: 1,093 SFT
Terrace Size: 660 SFT
# Beds: 2
# Baths: 1.5
maintenance: $708
RE Taxes: $660
Asking: $989,000
Price Per Sq. Ft.: $904 (Asking LESS Than Bldg Average - See Below)
AVG Active Bldg PPSF: $935
Marketed By: Noah Rosenblatt of Citi-Habitats
Upper East Side: 222 E 80th St; Apt. 11F
Interior Size: 800 SFT
Terrace Size: 270 SFT
# Beds: 1
# Baths: 1
maintenance: $1,366 (Co-op Includes RE Taxes)
Asking: $699,000
Price Per Sq. Ft.: $874
AVG Active Bldg PPSF: N/A (Only Active Listing in Building)
Marketed By: Amelia Gewirtz & Andrew Phillips of Halstead
Midtown: 249 E 48th St
Interior Size: 800 SFT
Terrace Size: 630 SFT
# Beds: 1
# Baths: 1
maintenance: $387
RE Taxes: $402
Asking: $949,000
Price Per Sq. Ft.: $1,186
AVG Active Bldg PPSF: $1,327 (Only 1 Active to Compare)
Marketed By: Nancy Lee of Corcoran
Murray Hill: 218 East 29th Street; Apt. 1
Interior Size: 750 SFT
Patio Size: 575 SFT
# Beds: 1
# Baths: 1
maintenance: $973 (Co-op Includes RE Taxes)
Asking: $599,000
Price Per Sq. Ft.: $799
AVG Active Bldg PPSF: N/A (Only Active Listing in Building)
Marketed By: Anna Kahn of Halstead
So be sure to do your homework and figure out which outdoor space has enough room for your entertaining/gardening/lounging needs and at the same time is NOT asking that much of a premium compared to other properties for sale in the same building! When you go to resell you will have a property feature that sets your listing apart as you market to buyers seeking outdoor space in NYC (not many to choose from)! Good Luck!
