The Real Deal New York

10 features — besides location — to draw high-end buyers

October 23, 2013 05:45PM

Posh pads at 447 East 52nd Street and 795 Fifth Avenue

Posh pads at 447 East 52nd Street and 795 Fifth Avenue

Location, location, location. But then what?

For luxurious digs in New York City, location is unquestionably a key consideration. But there are plenty of other things — for the most part, architectural details — that real estate buyers eye longingly, Vanessa Grout of Vector Group, wrote in Forbes.

Unobstructed views and floods of natural light are of keen interest to many high-end buyers, as is ceiling height — but beyond 14 feet, many may find it to be too much, she wrote. Unique designs and quirky architecture are also draws, but a practical layout that accommodates a buyer’s lifestyle is key.

Storage, particularly closets for all those high-end designer threads, is a must, as is in-unit laundry to keep them squeaky clean. An in-building gym is also viewed by many shoppers as a big perk.

On the less tangible side, a building’s reputation can be vital, as well as the range of unit values. The resident composition is also a consideration, as families with young kids are unlikely to want to live in a place filled with twenty-somethings, and vice versa. [Forbes]Julie Strickland

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