New York University
Location: Union Square West and 16th Street.
The accommodations: A 650-square-foot one-bedroom shared by four students.
What the broker says: “It’s a full-service building with a laundry room … and [it’s got] a really big living room. You could put up a pressurized wall and make it a two-bedroom,” says Matteo Prandoni of Mark David & Company. “[But] the finishes are old. I have clients that would say ‘no’ just because of the floor.”
What the student pays: $1,310 per month (totaling $11,790 from mid-August through mid-May) per student, including utilities (central air!), toilet paper, and garbage bags.
Open-market value: $650,000 (or $3,200 per month as a rental). “What makes it valuable is its location,” explains Prandoni. “You’re basically connected to everything.”