More Square Footage Insanity

One of my agents reached out to me this morning regarding confusion surrounding the square footage of a property that he is bringing to market today.  He is bringing apartment 5B to market and is concerned by the following data and pay particular attention to the B-line apartments which are ALL EXACTLY THE SAME:

Apt. Size R/B/B SF Shares List Price Updated Status Confirmed Price Sold Date Source
2-B CNV2 4/1/1 $175,000 11/11/1998 Sold
5-D 1BD 3/0/0 750 $285,000 4/25/2002 Sold
9-B 1BD 4/1/1 950 $349,000 5/1/2003 POM
7-D 1BD 3/1/1 850 $353,700 6/8/2008 POM
3-B 2BD 4/2/1 1000 $395,000 12/17/2001 POM
1/D 1BD 3/1/1 650 $395,000 4/20/2005 Sold
2-A 1BD 3/1/1 650 $395,000 6/9/2008 POM
PH-S STU 2/0/1 450 $399,000 9/24/2006 Sold
2-C 1BD 3/1/1 700 $425,000 3/19/2010 Sold
9-C 1BD 3/1/1 700 $449,000 9/20/2006 Sold
4-B 1BD 4/1/1 1000 $449,000 5/1/2003 Sold
2-D 1BD 3/1/1 700 $499,000 11/17/2010 POM
8-C 1BD 3/1/1 700 $519,000 3/30/2010 Sold
4-D 1BD 3/1/1 460 $539,000 6/8/2007 Sold
7-A 1BD 3/1/1 700 $585,000 2/12/2010 Sold
5-B 2BD 4/2/1 900 $675,000 7/1/2007 Sold
7-B 2BD 4/2/1 $699,000 6/14/2006 Sold

So as you can see for yourselves from this data, the conundrum lies in the fact that the EXACT same space has been marketed from 900 to 1000 square feet.  So which is it? Note that 7B and 2B didn’t even quote square footage likely because they had no clue. Is it 900, 950, 1000 or some other number.  This is precisely why we MEASURE ALL NEW EXCLUSIVE PROPERTIES and don’t rely on previous reported square footage.

My thoughts on square footage have been posted everywhere across the internet including our 5 part video series on this blog, the New York Times and even on NY1News.  Why oh why can’t there be some standard of measure that is policed by someone?

And by the way, the place measures at 890 square feet so we feel comfortable listing it at approximately 900 because that is the number at which it was last listed.  Makes you wonder from where 1000 square feet came?

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