The Rental Market

Longing for a doorman? Cherchez le condo

By Teri Karush Rogers | January 26, 2011 - 10:57AM

If you're looking to buy place in a doorman building right now, you may want to think condo, suggests broker-blogger Malcolm Carter after performing some number-crunching gymnastics. Examining active listings in neighborhoods that represent the "core" of Manhattan (Upper East Side, Upper West Side, Midtown East and Midtown West), he finds that fully 86% of buildings with apartments for sale have doormen and/or concierges. Fifty-eight percent of those doorman buildings are condos,  36%  are co-op and 6% are condop.   Why the skew? Carter theorizes that developers are more prone to piling on the white glove touches in order to stay competitive.  

 

Teri Karush Rogers

Founder & Publisher

Founder and publisher Teri Karush Rogers launched Brick Underground in 2009. As a freelance journalist, she covered New York City real estate for the The New York Times. Teri has been featured as an expert on New York City residential real estate by The New York Times, New York Daily News, amNew York, NBC Nightly News, The Real Deal, Business Insider, the Huffington Post, and NY1 News, among others. Teri holds a BA in journalism and a law degree from New York University. 

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