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8 ways to get more space for less money in a NYC apartment [Summer Flashback Series #7]

…On average, says appraiser Jonathan Miller of Miller Samuel, “the price difference between a second and first floor apartment is 15 percent. The difference between a second-floor apartment and a third-floor apartment is probably another 10 percent”–meaning that the difference in price between a first and third floor apartment can be as much as 25 percent.

The reason? Market perceptions about security, privacy and street noise. “The exception, of course, would be a brownstone garden apartment,” says Miller, which will sell at a premium. The first floor in a walk-up is also a premium — think an inverse relationship of price to stairs….

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#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
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