Location, Location, Location

APRIL 21, 2008

What are CityRealty.com's Building Ratings?
Pinning the tail on the real estate donkey is not as simple as it used to be in Manhattan. So CityRealty.com created a scorecard for rating apartment buildings to help navigate the every-changing real estate landscape. The ratings may not help you find your dream building, but will help demonstrate some of the complexities of real estate.

CityRealty.com’s rating system has a total of 58 categories in three areas: architecture, location and amenities. The three general areas are roughly weighted the same. There are other highly regarded criteria such as being near a park, water, public transportation or local shopping, and the ratings try to fine tune that to people’s walking tolerances: less than three blocks, three to six blocks, etc. CityRealty.com's “perfect” score, which is just about impossible, would be about 120.

The highest score, to date, was achieved by River House at 435 East 52nd Street: 94.

To view a CityRealty.com Building Rating select any building/your recommended buildings from CityRealty.com, then select Building Ratings under Options.

CityRealty.com Building Ratings: Where is the heart of Manhattan real estate?
Before the terrorist attacks of September 11, 2001, the notion of “Ground Zero” in Manhattan real estate meant different things to different people.

If you had children and wanted to live on the Upper East Side, “Ground Zero” might well have been PS. 6 on Madison Avenue between 81st and 82st Streets. If you loved looking at shrubs and turtles while walking your dog, “Ground Zero” would be either side of the 79th Street transverse road in Central Park. If shopping at Zabar’s was once a favorite pastime, then Broadway and 81st Street would have been “Ground Zero” to you.

We decided, however, the geographic heart of the city is Rockefeller Center and buildings are rated in terms of how close they are to it.

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Location, Location, Location

APRIL 21, 2008

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