Sheay, Home Buyer in Malaysia

do we pay more for apartment facing the Central Park?

Asked by Sheay, Malaysia Sat Jul 28, 2007

Are prices for houses usually high at the Central Park area or we get to choose to pay higher premium for units facing the park and lower premium for those not?

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Answers

5
Thanks Maureen. An apartment with a direct view of Central Park can be as much as 50% more than the same apartment facing the back of the building. More information about views and premiums below...
1 vote Thank Flag Link Sat Aug 4, 2007
Mitchell Hall, Real Estate Pro in New York, NY
MVP'08
Contact
I would check with Mitchell Hall at Coldwell Banker. His web address is MitchellSellsManhattan.com
Web Reference: http://mioaklandcounty.com
1 vote Thank Flag Link Sat Jul 28, 2007
Maureen Fran…, Real Estate Pro in Birmingham, MI
MVP'08
Contact
Proximity to Central Park adds to a property's value, especially if there are views. This does not mean that every unit is selling at a premium. But all other things being equal, yes there is definitely a premium.
0 votes Thank Flag Link Mon Oct 8, 2007
: ) FUNNY!! I hope you are just asking questions to see if someone is reading them! If you are from NY.. you have to know it is all about the views.
Web Reference: http://www.johnsacktig.com
0 votes Thank Flag Link Sun Oct 7, 2007
Generally the buildings near Central Park do command a higher price per sq/ft. The units facing the park definitely have a higher price..... In NYC it is about the Location and View and Placement of the unit in the building. For example... at the Trump Buildings near Riverside Blvd.... the units with the river views command a substantial price versus the ones not facing the water.
0 votes Thank Flag Link Sat Jul 28, 2007
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