Why You Should Pass on Buying a Ground Floor Apartment

A first floor apartment might be priced lower than an upper floor neighbor, even if the space has been completely overhauled. During my apartment search a few years back, I remember falling in love with a first floor unit in a grand prewar building. When I thought long and hard about spending my life savings on that one-bedroom unit, I couldn’t pull the trigger because something didn’t feel quite right. Knowing what I know now about the NYC real estate market, I feel confident that made the right decision to live on a higher floor instead.

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