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Old 05-29-2015, 10:43 AM
 
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No, they're not.

Balcony = projection from the side of the vertical wall of the building.

Terrace = deck built on a set back roof section.

In a given line of of apartments going up a building, all of them could have balconies, but, generally, only one could have a terrace (where it's the floor adjacent to where a setback roof exists.)

You can also have a main roof terrace. In a lot of buildings that have these, they're a buildingwide amenity.

Quote:
Originally Posted by nightcrawler View Post
balcony and terrace are the same thing
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Old 05-29-2015, 01:35 PM
 
Location: Brooklyn New York
15,228 posts, read 23,749,578 times
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Quote:
Originally Posted by BBMW View Post
No, they're not.

Balcony = projection from the side of the vertical wall of the building.

Terrace = deck built on a set back roof section.

In a given line of of apartments going up a building, all of them could have balconies, but, generally, only one could have a terrace (where it's the floor adjacent to where a setback roof exists.)

You can also have a main roof terrace. In a lot of buildings that have these, they're a buildingwide amenity.

yeah, but it is still more or less the same thing, an outside space outside a room off the apartment building.

no need to be so technical.
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Old 05-29-2015, 02:25 PM
 
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Quote:
Originally Posted by nei View Post
Odd that a balcony would be considered negative. What do you mean by a terrace?
A balcony is protruding from the building. A terrace is essentially part of the building. They are treated different under the zoning code.

Basically terraces are usually outdoor space on building setbacks, while balconies are your standard open-air rectangular protrusions.
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Old 05-29-2015, 02:27 PM
 
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Quote:
Originally Posted by nightcrawler View Post
yeah, but it is still more or less the same thing, an outside space outside a room off the apartment building.

no need to be so technical.
But from a real estate perspective they are VERY different. Terraces don't count towards the zoning envelope, so they "cost" nothing in terms of the development rights.

And buyers want terraces, not balconies. Terraces are associated with high end living. Balconies, right or wrong, are associated with 1970s's commieblocks in Bratislava.
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Old 05-29-2015, 03:15 PM
 
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From a zoning stand point, which goes directly to the point of the thread, it makes a huge difference.

Edit: And Nola got there first, and I didn't notice.

Quote:
Originally Posted by nightcrawler View Post
yeah, but it is still more or less the same thing, an outside space outside a room off the apartment building.

no need to be so technical.
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Old 05-29-2015, 03:28 PM
nei nei won $500 in our forum's Most Engaging Poster Contest - Thirteenth Edition (Jan-Feb 2015). 

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Location: Western Massachusetts
45,740 posts, read 39,621,992 times
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Quote:
Originally Posted by NOLA101 View Post
And buyers want terraces, not balconies. Terraces are associated with high end living. Balconies, right or wrong, are associated with 1970s's commieblocks in Bratislava.
That association makes no sense. Some NYC high rises have balconies, I'd be surprised if the apartment with balconies didn't have a rent premium.

https://www.google.com/maps/@40.7706...4zDg-3cItw!2e0

https://www.google.com/maps/@40.7758...TkJ7wnV-5Q!2e0

https://www.google.com/maps/@40.7741...9By_vivzXQ!2e0

or are these terraces?
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Old 05-30-2015, 10:24 AM
 
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Quote:
Originally Posted by nei View Post
That association makes no sense. Some NYC high rises have balconies, I'd be surprised if the apartment with balconies didn't have a rent premium.

https://www.google.com/maps/@40.7706...4zDg-3cItw!2e0

https://www.google.com/maps/@40.7758...TkJ7wnV-5Q!2e0

https://www.google.com/maps/@40.7741...9By_vivzXQ!2e0

or are these terraces?
I would be surprised if those apartments had a rent premium. Putting aside the serious aesthetic issues, why would someone pay more for an space they can only use a few months a year, as opposed to additional interior space within the apartment? Balconies are part of the apartment square footage.

I'm not saying that no one likes balconies, but they aren't built anymore, for the most part. There were the norm in the 60's, 70's and 80's, but not now, and are more associated with buildings of that era.
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Old 05-30-2015, 10:54 AM
 
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From a development standpoint, it's a marketing issue, and I would bet it goes in cycles. Note the apparent age of the buildings you linked to, which look to be 60's/70's. Price per sqft was much lower then, even after accounting for general inflation, and balconies may have been considered desirable. I get the feeling that now they're considered less so. Even at that, some developer still build them, but not as much as in decades past. It all goes back to what the developers think buyers will want, and be willing to pay (through the nose, nowadays) for.

Quote:
Originally Posted by nei View Post
That association makes no sense. Some NYC high rises have balconies, I'd be surprised if the apartment with balconies didn't have a rent premium.

https://www.google.com/maps/@40.7706...4zDg-3cItw!2e0

https://www.google.com/maps/@40.7758...TkJ7wnV-5Q!2e0

https://www.google.com/maps/@40.7741...9By_vivzXQ!2e0

or are these terraces?
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Old 06-01-2015, 09:46 AM
 
Location: Manhattan
20,134 posts, read 26,416,255 times
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Has any architect EVER invented anything stupider than a "Juliet Balcony?"
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Old 06-25-2017, 09:14 AM
 
6,822 posts, read 4,424,078 times
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2nd foreclosure on the Billionaire building.

https://ny.curbed.com/2017/6/24/1586...oreclosure-nyc
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