How Much More Do Penthouse Buyers Pay Compared to Their Neighbors Directly Below?

Posted On Mon, April 13, 2015 By

Posted On Mon, April 13, 2015 By In Compare and Contrast, Features, infographic, real estate trends, Recent Sales

30 Park Place

So maybe you don’t get the coveted “PH” in your address, but you will save tens of millions of dollars by “slumming it” on the floor just below. The data gurus over at CityRealty analyzed the top penthouse sales recorded in 2014 and found that high-rise top floor buyers on average shell out 11 percent more per square foot for their pads than their counterparts just below. Looking at the average selling price, this rings in at a whopping 75 percent more.

Is the PH premium worth it? Let us know what you think in the comments.

nyc penthouse sales
[Via CityRealty]

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