- Miller Samuel Real Estate Appraisers & Consultants - http://www.millersamuel.com -

Valuing the Light in Your Condo or Co-op

[1]

Jhoanna Robledo over at New York Magazine squeezes light from my proverbial turnip and the result is a very cool graphic on one way to value light in an apartment in her piece “What’s the Price of Light? [2]” The topic of view [3] have been recently explored and floor level [4].

Light is perhaps the most subjective of the view-floor level-light trio but this is the logic our firm has used for years (based on the “paired sales [5]” theory that isn’t very practical in an appraiser’s daily life) but I feel it’s a good starting point, and of course it depends on the nuances of each situation.