In Hoboken, the 5th floor is typically the highest floor in non-elevator buildings. The advantage of the top floor with no neighbors overhead is that it is quiet! So while a walk-up is not for everyone, I often tell buyers (and sellers) that it is better to be on top than sandwiched on 3 or 4. There have been recent sales of 5th floor walkups on Hudson St. in the mid 500,000's to the mid 600,000's so for the right buyers, the walk-up may not be an issue if the unit is nice, priced right and in a good location. As always, getting good value is what is most important to buyers. We also have many young buyers who don't mind a little extra exercise every day. Nonetheless, as a rough rule of thumb, figure about $10,000 per floor drop in price as you go up in flights, all other things being equal, which is rare.