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  1. #1
    sum41111 is offline Junior Member
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    entry threshold for luxury apartments

    Hello,

    I saw the paragraph below from a website.

    /Welcome to Brick UndergroundÂ’s luxury pick of the week, a feature spotlighting a condo, co-op, or townhouse for sale with an asking price of at least $3,000,000, the current entry threshold for luxury apartments in Manhattan./

    I just don't know what's entry threshold for
    luxury apartments?

    This number usually varies month by month. In Oct 2019, it's
    $3,000,000 as above, but when Feb 2020, it's $3,240,000.

    Thanks a lot!

  2. #2
    SoothingDave is offline VIP Member
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    Re: entry threshold for luxury apartments

    Have you looked up "threshold" in a dictionary?

  3. #3
    sum41111 is offline Junior Member
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    Re: entry threshold for luxury apartments

    Quote Originally Posted by SoothingDave View Post
    Have you looked up "threshold" in a dictionary?
    Yes, but I can't link the meaning to the context here. Does it mean only the apartment sold in Oct 2019 that is greater than $3,000,000 can be regarded as luxury apartment? Other apartments in Manhattan, if they are sold less than $3,000,000, are nomal apartments?

    Thanks vm

  4. #4
    SoothingDave is offline VIP Member
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    Re: entry threshold for luxury apartments

    Yes. Those apartments considered "luxury" start at $3 million.

  5. #5
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    Skrej is offline Key Member
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    Re: entry threshold for luxury apartments

    Quote Originally Posted by sum41111 View Post

    /Welcome to Brick UndergroundÂ’s luxury pick of the week, a feature spotlighting a condo, co-op, or townhouse for sale with an asking price of at least $3,000,000, the current entry threshold for luxury apartments in Manhattan./

    This number usually varies month by month. In Oct 2019, it's
    $3,000,000 as above, but when Feb 2020, it's $3,240,000.
    That's why the text says "current". Real estate prices fluctuate constantly, so the minimum starting price will change accordingly.
    Wear short sleeves! Support your right to bare arms!

  6. #6
    Tarheel's Avatar
    Tarheel is online now VIP Member
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    Re: entry threshold for luxury apartments

    Quote Originally Posted by sum41111 View Post
    Hello,

    I saw the paragraph below on a website.

    /Welcome to Brick UndergroundÂ’s luxury pick of the week, a feature spotlighting a condo, co-op, or townhouse for sale with an asking price of at least $3,000,000, the current entry threshold for luxury apartments in Manhattan./

    I just don't know what "entry threshold for
    luxury apartments" is.

    This number usually varies month by month. In Oct 2019, it was
    $3,000,000 as above, but in Feb 2020, it was $3,240,000.

    Please note changes.(I assume that the "entry threshold" is the minimum amount needed.)
    Not a professional teacher

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