Don’t knock it ’til you’ve tried it.
New Yorkers want doorman service at their luxury condo buildings, and they’ll pay a premium for the privilege, according to recent sales data.
The average price a square foot for apartments in doorman buildings was $2,958, roughly 65% more than in non-doorman buildings, which sold for $1,797 a square foot. CityRealty, a real-estate data site, looked at 2014 sales through the third quarter of the year in 200 luxury condo buildings in New York City—half with doorman service and half without.
“At the upper tier of luxury, I think it’s expected,” said Gabby Warshawer, director of research at CityRealty. Part of the reason for the price gap, she said, is that many of the newer luxury buildings, which offer full-service amenities, had the most sales. Residential tower 15 Central Park West topped the list, averaging $6,517 a square foot with 14 sales this year. Other pricey Manhattan doorman buildings include the Time Warner Center, One57 and Walker Tower.