77th Street Roundup – Private School Tuitions to Top $40K, UES Grows in value – Payard opening again!

Homes at 177 East 77th will continue to rise in value for factors other than what you may have considered.  According to Miller Samuel, Inc. Real Estate Appraisers and Consultants, our neighborhood already boasts the highest price per square foot in the country.

Our areas demographics seem to continually grow wealthier.  Upper East Side private schools have skyrocketed in cost.   With costly education comes wealthier people to pay for it (a sad truth in our society).  This fact alone will have a dramatic effect on the price of apts on the UES.

We also have the Second Avenue Subway – set to open in 2016 (depending upon who you ask).  Greater access will create even greater demand for our homes.

77th Street obviously has drawbacks.  Subway foot traffic.  Ugly real estate offices.  Too many banks.  Street vendors chocking the sidewalk.  Still, most see this as a small price to pay given all the pluses.  As an aside,  rumor has it Payard will be opening on 76th and 3rd!

It was suggested in this years apartment owner meeting, a block association should be formed.  Anyone in our building interested in getting one started?  Feel free to comment below.



Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

One Response to 77th Street Roundup – Private School Tuitions to Top $40K, UES Grows in value – Payard opening again!

  1. Adam12 says:

    A Payard Restaurant would be a real nice addition to the neighborhood. – For those adventurous among us Cafe Noi on Second Avenue between 76th and 77th Street is a great spot.

    Cafe Noi
    1465 2nd Ave, New York NY10075 40.7716427 -73.956321

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s