No Doorman? No Problem. Covid-19 Changes NYC’s Real Estate Rules

July 6, 2020
Published in Bloomberg
Doormen have long been a treasured perk in New York City -- apartment building gatekeepers who greet guests, take deliveries and hail cabs. But the pandemic is upending the rules of real estate in the city. As residents avoid elevators and face-to-face lobby encounters to socially distance, some potential homebuyers now see doormen as a liability. Ground-floor apartments, meanwhile, typically shunned for their proximity to the noise and chaos of the street, are suddenly having their moment. The first thing that buyers ask about these days is private outdoor space, according to Greg Kyroglou, a broker at Modern Spaces. One of his listings in Long Island City with a backyard has seen six times as much interest as a similar one just next door that doesn’t have outdoor access.
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