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Price Per Square Foot Often Used to Trick Homebuyers, Experts Say

…Co-ops — which represent three-quarters of Manhattan’s housing stock — have no public record, and measurements for condos are included in their offering plans, explained Jonathan Miller, president of the Miller Samuel appraisal firm….

…Miller said measurements in listings tend to be between 5 and 10 percent higher than the actual size.

“A 2,000-square-foot apartment might be closer to 1,800,” Miller said….

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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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