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266
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Saul L.
  • Specialist
  • Kiryat Motzkin, Israel
159
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266
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Square Footage - Net or Gross - Clarification- Co-ops or apartment buildings

Saul L.
  • Specialist
  • Kiryat Motzkin, Israel
Posted

Hi all,

I was wondering if anybody can give me a qualified answer to the following:

When searching on internet data bases- (for example Zillow, Trulia, Street Easy and others) their is usually a square footage given for the unit.

The question is regarding co-ops or multi family units,- is this figure net or gross. ?

In other words, does it include shared/public areas such as lobbies, stairwells, storage etc. (Gross) or is it the actual floor space of the living unit (Net)

If its the net area- is there any way to clarify the gross area ? (or vice versa)

Perhaps an accepted ratio ?

All educated answers or insights greatly appreciated.