Should I buy an apartment in a prewar or postwar apartment building?

Formerly known as New Amsterdam after Dutch settlements of the 1600s, New York City has some structures that were built even before the Revolutionary War. However, the era of World War II remains the definitive epoch by which the distinct periods of real estate history are separated, according to industry standards.

NYC's PREWAR BUILDINGS: PROS AND CONS

NYC's Prewar apartments are known for their charm, which is expressed mainly through architectural detail. They tend to have higher ceilings, larger rooms, detailed moldings and fixtures, cozy fireplaces, parquet floors, and separate rooms for servant's quarters, dining rooms, and pantries. But charm doesn't come cheap. Since top-end prewar buildings in New York City are in limited supply, they tend to command significantly higher prices. Also, aging appliances, water stains, old plumbing and wiring, and low water pressure tend to come with the territory. Keep your eyes peeled for potential money pits.

NYC's POSTWAR BUILDINGS: PROS AND CONS

Most NYC postwar apartments come fully loaded with amenities. Features such as new appliances, gyms, party rooms, pools, housekeeping and valet service, and sunroofs are postwar signatures. Apartments in New York's postwar buildings tend to vary more in size, structural flexibility (convert that dining alcove into a second bedroom, perhaps?), and layout than those in prewar buildings. But while postwar buildings are stocked with modern conveniences, they lack the charm and detailing that characterizes NYC's prewar buildings.

Either choice - prewar or postwar - is fine. In fact, some of the more recent developments have been built to resemble prewar structures, featuring details and an overall feeling of elegance, catering to those who desire the best of both worlds.

Search for pre-war and post-war apartments in NYC at http://www.mlx.com.

I love the character of pre-apartments.