The Price of History: Looking at NYC’s Biggest Landmark Condo Conversions

Posted On Thu, May 21, 2015 By

Posted On Thu, May 21, 2015 By In Features, infographic, real estate trends

This year is full of celebrations for the 50th anniversary of the New York City Landmarks Law, and in marking this milestone we tend to look at all of the historic buildings that have been perfectly preserved in their appearance and function. But what about those that retain their original character, yet have a new use? The folks over at CityRealty have taken a look at this group, focusing on city landmarks that have been converted from commercial spaces into condominiums. Zoning in on the five largest landmarks (by number of units), they found that owning a piece of history will cost you. In fact, the average unit price in these Manhattan landmarks was 45 percent higher than other condos; in Brooklyn, 26 percent.

commercial to condo, NYC landmarks, real estate infographic

[Via CityRealty]

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