Sep 9, 2021
Imagine walking into a building, loving the style, decor, and vibe. The lobby is stunning and you’re greeted by a doorman and a concierge. There is a resident's lounge, a manicured roof deck with barbecues, a screening room for movies, a fitness center, a sauna, a pool, and a playroom are just a few of the amenities the building has to offer. You then go into another building only to find a bowling alley, a pet spa, access to a private and highly acclaimed sommelier on-demand, in-house IV drips for the health-conscious, a private restaurant only for residents, an indoor skate park and the list goes on and gets crazier as you go to each building. Your head is spinning, what’s a buyer to do? These are some of the amenities that NYC’s finest buildings can boast about, but are they a reason to buy in a building and pay even more money for an apartment and how does this affect your investment?
Living in a fully stocked building does not come cheap and often these amenities go unused. It’s nice to imagine that a squash court or a golf simulator is only an elevator ride away. You may not play but maybe by moving to this new address you’ll take up a new hobby and meet new people along the way. Give it careful consideration because you will be paying for these added features as part of your monthly costs. Lifestyle and amenities go hand in hand, give it careful consideration.
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