It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.
Check out my 3CW column on @CurbedNY:
[My post title was originally “Manhattan Rebound Not Because of Dizzying Heights” but wasn’t Curbed staff didn’t think it was catchy enough, ed.]Spectators and participants in the Manhattan housing market have been burning a lot of calories talking about views, something the super luxury new development projects have been marketing as a key feature. I thought I’d look back over time to at what the average floor level of closed co-op and condo sales by quarter, and see if there is a pattern. I sifted through six years of data (note to self for rainy day: go back 25 years and break out condos and co-ops). While I’ve analyzed the value of floor level in Manhattan here and here before, I’ve never trended floor level and didn’t quite know what to expect…
[click to expand chart]
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My latest Three Cents Worth column on Curbed:
Tracking How High People Buy In Manhattan [Curbed]
Three Cents Worth Archive Curbed NY
Three Cents Worth Archive Curbed DC
Three Cents Worth Archive Curbed Miami
Three Cents Worth Archive Curbed Hamptons
