Upper East Side Developer Offers "Your Own Little Atrium" for $725,000 in Neighborhood Known for High Prices and Luxury Properties
A developer in the Upper East Side is selling a one-bedroom with a deeded parking spot for under a million dollars, but don't expect to find a bargain in this exclusive neighborhood.
For those looking to buy property in the Upper East Side, known for its high prices and luxury properties, developer William Zeckendorf has a new offer: a one-bedroom with a deeded parking spot for just $725,000.
This may seem like a steal in a neighborhood where multi-million dollar apartments are the norm, but don't be fooled. The property, located on East 86th street, is being marketed as "Your Own Little Atrium," appealing to buyers looking for a bit of greenery in the concrete jungle.
But while the idea of a private atrium may sound appealing, the reality is that the apartment is only 365 square feet and directly across from the busy and noisy Prospect Park.
Despite its small size and less-than-ideal location, Zeckendorf is confident that the property will attract buyers. "We're combing the market for particularly spacious, nicely renovated, or simply unusual apartments, and this one definitely fits the bill," he stated.
But some experts are skeptical of the developer's claims. "It's a clever marketing tactic to sell a tiny apartment for a high price by throwing in a deeded parking spot," said real estate agent Michael Shvo. "But the reality is that in this neighborhood, buyers expect more for their money."
It's clear that developers in the Upper East Side are willing to play the game of offering unique amenities in order to sell their properties at inflated prices. But as for finding a true bargain in this exclusive neighborhood, it