clock menu more-arrow no yes mobile

Filed under:

What Price Penthouse?

Appraisers generally add on about 1 percent per floor to an apartment's value, but what about the penthouses? Turns out penthouses don't get any more than the standard 1 percent bump just for being penthouses (assuming they are otherwise equal to the units directly below). In fact, penthouses could be considered worth less because of leaks, heat, and other roof issues, Jonathan Miller tells Brick Underground. Plus, penthouses at some posh buildings, including the storied Dakota, are actually just servants' quarters turned rich folks' homes. [BrickU]