Dantheking94 t1_ja90rli wrote on February 27, 2023 at 7:04 PM

Reply to comment by karmapuhlease in Midtown Owners Hedge on Costly Office-to-Home Conversions by psychothumbs

People don’t want? Are you kidding??? A long skinny apartment is still an apartment, and it’s better than having roommates to some people. I promise you,, those spaces would be rented.

firstWWfantasyleague t1_ja9582r wrote on February 27, 2023 at 7:32 PM

Absolutely. How could you look at all of the absurd and shitty situations and apartments that people currently live in in this city and think they would object to living a decent, newly remodeled apartment in Manhattan just because it has less than ideal natural light?

Dantheking94 t1_ja975zn wrote on February 27, 2023 at 7:45 PM

Agreed!! I think just one room having natural light is enough for most people! It could be the living room! I know for me, my bedroom doesn’t need natural light, I use the really thick light blocking curtains anyway.

karmapuhlease t1_ja9cybb wrote on February 27, 2023 at 8:21 PM

Yes, they would be rented, but all else equal they would be less desirable than units with better floor plans. That means the sale and rental prices would be lower, which might make some of the projects unviable, especially given high interest rates right now.

MarquisEXB t1_jaajbas wrote on February 28, 2023 at 1:06 AM

People don't want = owners can't charge the high rent they'd want to.

So instead of a luxury apartment, with super rich folks, you might only get an expensive apartment with people that can barely afford it. And every building owner thinks they deserve the former.