Out and About: Location explains huge price gap

(Photo by scholl10)

When I ambled into open houses just 16 blocks apart on Central Park West, the tired old saw about location struck me as graphically evident.

In a building in the low 70s, I visited four apartments, each of them with prices that I find hard to justify.  They then ranged in price between approximately $3.5 million and $10 million.

That same day, I went to an open house in a building in the low 90s, and I was blown away by