A recent post on one of my favourite blogs, The Real Estalker, featured a modest two bedroom apartment in NYC. I am no newbie to international real estate so know that prices tend to be, well, insane there, but this surprised me. The 1,486 square feet apartment is listed for $2,950.000….
Let’s stop and have a closer look. First, let’s get this in metrics; $2,950.000 equals about €2.225.000 and 1486 square feet is about 138 square meters. I am actually wondering if, based on the floor plan, that figure is not a bit of a fib, but let’s say that square footage is a hard fact. Now come join me and find out what that price tag gets you in my home town Amsterdam, shall we?
I wish I could get a sharper image, but I am confident that you can see that this home (yes home, not apartment) is a tad bit bigger than the NYC listing. It is situated on one of Amsterdam’s famous canals; Leliegracht. It’s listed for exactly €2.225.000 and for that you get 13 rooms spread over a total of 500 square meters (5382 square feet). But the real treat is the garden! The back of the house is double width so the garden is huge with a lot of privacy. It borders the neighbouring gardens so the city seems far, far away.
The home would not be fully available for use though. The second floor consists of two self-contained studio apartments that are rented out. But this, in turn, gives you a bit of cash each month, lowering the monthly payments. And the current tenant is willing t discuss a move. That’ll cost you a so called ‘oprotpremie’ (severance pay). Mind you, there is still more than enough private space, and the studio’s make use of their own separate entrance. The one downfall really is parking, or rather, the lack there-off. No private parking means you are subjected to the bureaucratic hell that is parking laws in Amsterdam. If you did not leave behind a house in the same area, you might be looking at a waiting list for one spot. But then again, the building fees of the apartment in NYC are a staggering $2668 a MONTH, which is more than enough to rent two parking spots somewhere nearby.
The house is old, built in 1900. Which is actually relatively young for its location as most homes on Amsterdam canals are from the 18th, sometimes even 17th Centuries. It’s a monument, which does mean that you are limited in what you can change or do with the home. But anything you do, you can do subsidised! Ahhh, the joy of living in a socialist state 😉
So, I guess it’s safe to assume living in NYC comes with a price. A high price. And here we are, Dutch ‘disgruntleds’, complaining about the price of real estate in our capitol…… I dare not compare the other way around; checking to see what a private residence with garden on Manhattan would cost. I guess it’s more though.