This is the final Out and About for the summer, but please do check in for occasional posts on other topics meantime.
Two-bedroom apartments may well meet the needs of the biggest segment of buyers.
For one or two residents, they represent the flexibility of having an office, guest room or baby’s room for a family planning to grow.
For a couple already with offspring, two-bedroom units make it possible to accommodate easily (in New York City terms) two quite young children of even the opposite sex, two of the same sex into their teens and even three kids should it be possible to divide a large bedroom if, as often is the case, a true third bedroom is too much of a financial stretch for the buyers.
It is no surprise, then, that two-bedroom co-ops and condos accounted for approximately a third of the market share in Manhattan during the first quarter of the year. And they sell quickly when priced correctly.
Two-bedroom units that are listed under the market have been going fast, while those that seem to be exactly on the market take just a bit longer. That’s true of at least three pre-war apartments that I happened to see on the Upper West Side within the last couple of months. Consider these: Continue reading