BEST ANSWER
FIRST ANSWER
How do you value higher floor vs lower floors when buying a condo in the city? A round answer is 5,000-10,000 sometimes more per floor depending on the condo building as long as the view is not obstructed. That is just a rough estimate. If you are looking at an eficiency unit it may be 5,000 and if you are looking at a million dollar plus condo then it could be higher. For example, if you were looking at a place in Rittenhouse Sq. and there were 2 identical units on the same floor, 1 overlooking the park and the other overlooking the city westward then, the condo with the view of the park will have a much greater value. The value is set by the seller. They will, I assume, try to put a high value on the view since a park view it is a huge selling point. So, view and height will impact the value of the condo. It may not be a strict calculation but ca be determined by looking at comparable sales in the building if it is a multiple unit building.
Mon May 11 2009, 04:37