Pricing Amenities—A Case Study: In-unit Laundry in New York City Rentals

In this case study, we apply a hedonic pricing model to estimate the value of in-unit laundry in rental apartments on the Upper West Side of New York City. Our analysis finds that apartments with in-unit laundry rent for approximately 15% more than compar

In this case study, we apply a hedonic pricing model to estimate the value of in-unit laundry in rental apartments on the Upper West Side of New York City. Our analysis finds that apartments with in-unit laundry rent for approximately 15% more than comparable units without. This premium suggests that investing in laundry facilities could yield substanti…