Plain-English answers on zoning, air rights, development value, and selling — written for owners, not lawyers.
The user premium is the extra money an owner-occupant will pay above what an investor would pay. Based on BKREA's analysis of 1,023 Manhattan sales, that premium averages 16%, reflecting a dynamic unique to New York City where vacant buildings under 100,000 SF consistently command more than their leased counterparts. Additionally, in order to find a building that fits the user criteria is requires more effort and time than another property.