Different Prices for Similar Spaces at The Edge
New York magazine took a look at two three-bed, three-bath condos for sale in The Edge. They’re very similar, except in price: there’s a $265,000 difference between them. So what allows for such monetary discrepancy? It ain’t size. The cheaper one, the 1,785-square-foot 20G (on the left), goes for $1.75 million. 26KL, on the other…
New York magazine took a look at two three-bed, three-bath condos for sale in The Edge. They’re very similar, except in price: there’s a $265,000 difference between them. So what allows for such monetary discrepancy? It ain’t size. The cheaper one, the 1,785-square-foot 20G (on the left), goes for $1.75 million. 26KL, on the other hand, is 1,707 square feet and $2.01 million. The shift in price is due to layout, turns out. “Apartment 20GH’s layout is fairly straightforward, with a slim kitchen separating the living and dining rooms with views of Brooklyn. In 26KL, however, the combined living-dining spans 30 feet and is bookended by terraces, with views of Manhattan.” 26KL, they say, is for folks who want to entertain.
Same Space, Different Place [NY Magazine]
Bayridgegirl:
Delete the first phrase of your definition, and that describes these unites:
McMansion
‘an indistinct architectural style similar to others nearby, and is often located in a newer, larger subdivision or replaces an existing, smaller structure in an older neighborhood.’
EXACTLY what these are. They have an indistinct style. They are exactly the same as all the others in the vertical subdivision. And the subdivsion probably replaced a small building. What about the comparision do you not get?
Shill,
When I hear McMansion, I def. think of size!
http://en.wikipedia.org/wiki/McMansion
‘A McMansion often denotes a home with a larger footprint than a median home, an indistinct architectural style similar to others nearby, and is often located in a newer, larger subdivision or replaces an existing, smaller structure in an older neighborhood.’
When I see a space that ‘overall lack of any character’ – I classify it as a space lacking of character.
So, a One Bedroom with a “huge master bathrooms with his and her sinks to the walk-in closets to the granite and stainless kitchens and the overall lack of any character”, you’d consider a McMansion??
I still want to believe I live in a 2-bedroom Mansion.
Oh!!! In that case, I’ll take 2!!!!
11217 – you are so wrong. There is a free 2-person kayak, and I heard the developers are hoping to install a Mayan rope bridge to connect with Stuy Town.
Over $1000 psf for a white box, not near transportation in Brooklyn?
Who, I ask who would buy these in this economic climate??
bayridgegirl,
A McMansion is not defined by it’s size, but rather by it’s style and lack of individuality. From the huge master bathrooms with his and her sinks to the walk-in closets to the granite and stainless kitchens and the overall lack of any character, these units are definitely McMansions.
1,700 sq ft a McMansion!!!!!!!??????
“Is anyone actually buying these McMansions-in-the-sky anymore”
A 3-bedroom is hardly a McMansion.
I guess my 2-bedroom 980 sq. ft. is a mansion….I am living large!!
I really can’t figure out who would be buying this stuff right now.
Williamsburg is not where I’d be sinking any money at this point in time.