Tower vs. Townhouse: Manhattan’s Long-Running Residential Debate
With out fail, the dramatic advertising and marketing photos of New York Metropolis’s skyscraper condos are at all times taken from some irresistibly lofty perch resplendent in pure gentle with beautiful vistas of the Manhattan skyline.
Nevertheless, there are various rich New Yorkers who don’t take care of the thought of dwelling in a glass tower excessive above the clouds. For these people, being nearer to the streets and transportation, the place they’ll step outdoors and discuss to a neighbor, put their hand in opposition to a stable brick wall or stroll to a retailer with out having to attend for an elevator is what metropolis dwelling is all about.
By the identical token, there’s little doubt that with regards to dwelling in Manhattan, the price of having a park view, significantly Central Park, comes at a premium. Thus, a few of the priciest, most star-studded condos are higher ground penthouses clustered round these 1.three sq. miles of verdant calm. Hardly shocking, then, that the costliest house ever offered in America is the unfathomable $238 million hedge fund tycoon Ken Griffin plunked down for his Manhattan pied à terre within the internationally ballyhooed, Robert A.M. Stern-designed tower often called 220 Central Park South. Griffin’s record-setting buy proves that in a city the place residents crave gentle, having an unencumbered view is nearly priceless.
One of many downsides, nevertheless, of dwelling in a cloud-enshrouded condominium is the close to fixed wind at greater altitudes. That’s why the home windows of high-floor condos not often open greater than a smidgen. The views might weaken knees, however throw open a window and a gale power might blow an unsecured Rothko proper off the wall. And, don’t be stunned if a migrating chook, exhausted from a trek again from Africa, finds its approach into your front room. Worse, if one other mega tower goes up proper subsequent door, goodbye pure gentle and whats up darkness my outdated good friend.
Many individuals admire that modern-day luxurious towers are sometimes staffed with a normally uniformed retinue of solicitous employees to simply accept deliveries, open doorways and, generally, park vehicles. However tower dwelling additionally means there’s a perpetual threat of getting to trip the elevator with your nosy or in any other case disagreeable neighbor. After all, townhouse dwelling additionally has its benefits and disadvantages, too. Whilst you gained’t run into Nosy Neighbor Nancy within the elevator, proudly owning a townhouse means being accountable for all the pieces. From fixing the roof and sewer line to eradicating the rodents intent on burrowing into the basement and cleansing up the deluge of grocery store flyers and spam that piles up on the entrance door.
COPYRIGHT_BP: Published on https://bingepost.com/tower-vs-townhouse-manhattans-long-running-residential-debate/71485/ by Cecilia Jones on 2020-03-23T23:52:31.000Z
The luxurious market in Manhattan was affected by plummeting costs lengthy earlier than COVID-19 put the town (and far of the nation) on lockdown. Nonetheless, whether or not dwelling low to the bottom in a townhouse or excessive within the air in an ultra-luxury condominium tower is your desire, it nonetheless takes significantly deep pockets to accumulate both. In keeping with StreetEasy, there are some fixer higher townhouse within the northern reaches of Manhattan that may be scooped up for beneath $2 million — the costliest townhouse on the open market is listed at a head spinning $79 million, whereas a two-bedroom condominium at the moment out there on the 24th ground of 220 Central Park South will set a well-financed purchaser again $15 million.