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Updated almost 10 years ago,
NYC Garden Level Apartments
I'm considering purchasing a primary residence, garden level apartment in NYC. Upper West Side, prime neighborhood, top public schools, great proximity to everything including transportation. A few questions for anyone that may have experience:
1) What can you expect in resale for a garden unit vs non-garden/building unit?
2) Should I be concerned about being the highest value unit in the building?
3) How do I determine a purchase price? Meaning, there are limited units in the building and no other ground floor/garden units. Can I compare square footage cost to higher floors?
4) Are there any good data sources (outside of MLS) that I can freely access for research?
5) What am I failing to ask? What other consideration?
6) There has been limited inventory and I have time...how does the time of year impact inventory? Should I hold off as we roll into the nicer months? More inventory = more leverage?
Thanks in advance for your help!