"I lived on the Upper East Side for most of my adult life: about 48 years, starting in the late 1970s. My wife and I bought into a co-op on 85th Street in 1999 for $265,000 and lived on the third floor of the five-story walk-up. Our apartment was 1,200 square feet and had a very nice layout, as well as a working fireplace. The building had no amenities whatsoever, but we were still very happy to be there."
"In 2008, he moved to Villanova, Pennsylvania - near Philadelphia - for college, and over the years it became clear he was never moving back to New York. He's now married and they live there with their two young children. New York suits me just fine, but not so much for my son - between the impossible parking and our three-story walk-up, he wasn't interested. I understand why. When he used to visit, I'd have to go downstairs to help him haul everything up."
Laurence Gerowitz lived on the Upper East Side for about 48 years and bought a 1,200-square-foot co-op in 1999 with his wife. The co-op had a favorable layout and a working fireplace but no amenities. Their son moved to Villanova in 2008, settled near Philadelphia, and did not plan to return; visiting was difficult due to parking and the building's three-story walk-up, and family visits were uncomfortable. The couple noticed a new complex called the Harper nearby, toured a two-bedroom that was appealing but small, and ultimately moved in 2024 to a larger condo with amenities and more space for grandchildren.
Read at Business Insider
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