In New York City, you can have just about anything delivered to your door at any hour of the day or night. Food, furniture, entertainment; you name it, you pay for it, and you got it. This is a city where convenience and efficiency are valued almost as much as square footage and lush views of Central Park. And with the average price of a new one-bedroom reaching $1 million, it should come as no surprise that co-op or condo buyers are beginning to expect something more than just a nice address and shiny new appliances when they move into their new digs.
If you're in the marketplace, you're probably familiar with some of the amenities buildings today often use to entice buyers. Many offer on-site fitness facilities, individual laundry or storage units and community rooms and lounges. It's important to note, however, that many of the newer swanky extras are to be found in new construction. The reason is simple, says Kathy Mayer Braddock of Braddock + Purcell, a real estate advocacy and referral firm based in Manhattan: it's space.
"In the older buildings, you might have a gym or possibly a pool. The practicality of installing these things in older buildings is questionable, because once they've already been built out, it's hard to go back and rearrange."
These days, though, formerly luxurious bonuses like SubZero refrigerators and high-speed Internet access are only the tip of the iceberg and are even becoming de rigueur as more and more services are value-added to cater to the buyer's every whim.
According to Mercedes Menocal-Gregoire, a long-time broker with Stribling & Associates, a brokerage in Manhattan that specializes in luxury properties, "If, you buy something in the north tower of the Time Warner building at Columbus Circle, you're part of The Mandarin Hotel. You can pay an extra fee and get the same hotel services as guests at the Mandarin: maid service, three times a day, room service from all the restaurants in Time Warner Center, access to the spa and the pool in the hotel. You have full concierge service. They'll make reservations for you to go to the moon if you have to."