The cost of a view

A new price breakdown shows how much co-op and condo owner pay by floor

Click image to see a floor-by-floor chart of average prices

It is not exactly breaking news that prices go up with an apartment’s floor number. But just how much they go up may surprise you. At The Real Deal‘s request, Jonathan Miller, president and CEO of the appraisal firm Miller Samuel, analyzed closed 2009 co-op and condo sales in Manhattan. The results show that not all floors are created equal when it comes to price jumps. The first floor was the odd man out, and the only one where per-square-foot prices were below $800. The second floor logged the first major “price break” — a 19 percent jump. [more]