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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4
Weimin Tan, Agent, New York, NY
Tue Nov 8, 2011
Apts facing Central Park are perhaps the most expensive in Manhattan, ranges from $3000 per sqft to $5000 per sqft depending on building. Within the same building, the CP facing ones has a big premium over those not facing CP.
0 votes
Jerry Cibuls…, Agent, Southold, NY
Sat Oct 8, 2011
Prices are higher in Central Park compared to other areas of New York City. You are paying for location and the views of the park are at a premium. Views are always an increase in value because of the demand. The more someone wants something the higher the value will be.
0 votes
Jolie Muss, , Upper West Side, New York, NY
Sat Sep 17, 2011
Of course it costs more to be close to and face Central Park! Especially if you have a view as Central Park is beautiful in any season. Plus you get to watch the Thanksgiving Day Parade from your window! (Heck it costs hundreds just to watch it from a restaurant in the Time Warner Center!)
(Oh and I know this question is like 4 years old and but the other person who answered hasn't been an agent or a broker since just around then!)
Jolie Muss Licensed Real Estate Broker
Columbus Avenue New York, NY 10023
joliemuss@joliemuss.com Office 212 721-3301
Web Reference:  http://joliemuss.com
0 votes
Aileen-Manha…, , New York, NY
Sat Jul 28, 2007
I think you're right on both accounts. It's about location, location, location - even in a particular building. Anywhere near Central Park is in demand - and a view - very popular. Supply and demand at its best, no?
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